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Ultra-rare Ferrari set to sell at auction for an estimated $12 to 16 million

Forbes logo Forbes 2017-07-21 Mark Ewing, Contributor

© Provided by Forbes Media LLC

Number six of twelve built, and one of eight with left-hand drive, this 1966 275 GTB/C Competizione is one of the finest Ferrari Berlinettas in existence and to date rates as the most exciting Ferrari crossing the auction block this August in Monterey. Keep in mind that Ferrari will be featured at Pebble Beach Concours this year, as the company celebrates its 70th anniversary. Estimate is $12 to $16 million.

In 1953, Ferrari introduced the 250 series competition cars, which culminated in the car every man and boy wants to own, the 250 GTO. When the Fédération Internationale de l’Automobile (FIA) refused to homologate Ferrari’s mid-engine 250 LM for the 1965 season—Ferrari had not built anywhere near enough 250LMs to qualify as a production-based GT racecar—Ferrari built three 275 GTBs with 250 LM-spec engines and ultra-lightweight Scaglietti bodywork.

Ferrari produced 12 similar cars for 1966. According to Ferrari historian Marcel Massini, “Ferrari’s type 275 GTB/C is the last single cam competition Berlinetta. These cars were specifically built for the 1966 racing season. Only 12 of these cars were built, all equipped with a unique lightweight chassis, special 250 LM-type engine, transaxle and paper-thin Scaglietti bodywork. Chassis 09051 participated in more than 20 races, winning its class numerous times. GTB/Cs are basically considered 250 GTOs for 1966 and, as such, are extremely sought-after. Super rare, very fast, beautiful and perfectly driveable.”

In addition to the “paper-thin” alloy bodywork, the windows and rear screen were Perspex instead of glass. It wore Borrani aluminum-rimmed wire-spoked wheels as well. The 3.3-liter V-12 engine had high-lift camshafts, 250 LM-type valves, special pistons, a redesigned crankshaft, and Weber 40 DFI/3 carburetors. Because of the cornering loads sustained in racing, the road car’s conventional “wet sump” was replaced with a larger-capacity “dry sump” to ensure oil was always pumping to the top of the engine even in long high-speed corners. It also has a large-capacity fuel tank.

Completed in July 1966, GTB/C chassis 09051 was originally finished in Argento Metallizzato (Silver Metallic) with black leather. It raced successfully in Italy between 1966 and 1970, with numerous class and overall wins captured by its first two owners, Renzo Sinibaldi and Alberto Federici.

Since the close of its active racing career, 09051 has been a fixture in prominent private collections in the U.K. and U.S. The current owner bought the car in 2004, and three years later engaged Wayne Obry’s Motion Products Inc. in Neenah, Wisconsin, a highly regarded Ferrari specialist. Motion Products refinished the car in its original 1966 livery, and at the 2007 Pebble Beach Concours, 09051 scored 99 points and claimed Second in Class. This was 09051’s last public appearance. In 2013, 09051 returned to MPI for re-restoration of the bodywork, and a thorough mechanical rebuild. The car comes with an extensive history file and significant accessories. This is a rare opportunity to own a genuine 275 GTB/C that still retains its exotic ultra-thin bodywork, original chassis and original engine.

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