Rare Ferrari sets 2nd sales mark, $3.08 million

Michael James

Is there any more lucrative manufacturer in the vintage car market than Ferrari? Doesn’t it seem like it’s almost always collectors’ top choice?

With online markets the only choices because of Covid-19, two of the Italian carmaker’s models have recently set purchase records via internet auctions.

A record $3.08 million was paid in mid-August for a 1966 Ferrari 275 GTB Long Nose.
A record $3.08 million was paid in mid-August for a 1966 275 GTB Long Nose.

The most recent record was the $3.08 million paid in mid-August for a 1966 Ferrari 275 GTB Long Nose at the Gooding & Company auction held online during Monterey Auto Week.

According to a press release from the auction house, sky-high price broke a record set just three months earlier. During another auction held by RM Sotheby’s auction, a 2003 Ferrari Enzo sold for $2.64 million.

The new record-setting sales price was just about in the middle of the auction house’s $2.75 million to $3.25 million estimate for the vehicle.

In addition to its immaculate condition — the 1275 GTB Long Nose features its original Bianco finish and tan leather interior — it’s one of the final two-cam 275 GTBs ever built.

Ferrari still rules vintage market

The coupé was more exclusive as one of 40 factory-equipped models with an improved torque tube driveshaft and the optional high-performance six-carburetor intake.

“I think this car is virus-proof in the sense that it is a really, really exceptional 275. It’s basically an all-original car with an original interior, a lot of original paint, and long-term ownership,” Gooding & Company president and CEO David Gooding. “It’s special—pandemic or not.”

The top four sales prices at the auction were all Ferrari models. In addition to the record-setter, a 2003 Enzo sold for $2.35 million, a 1995 F50 went for $2.13 million and a 1992 F40 hammered down for $1.63 million.

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