by Mike –
I think most of you have heard about the Ferrari 275 GTB/4 NART Spider that sold at the RM auction in Monterey in August 2013 for a record setting $27.5 million.
Maybe you haven’t heard about the other Ferrari NART Spider that sold at auction that same weekend.
This 1971 Ferrari 365 GTB/4 Daytona NART Spider sold at the Gooding auction in Pebble Beach in August 2013 for $720,000.
Ferrari 365 GTB/4 Daytona NART Spider
Ferrari 365 GTB/4 Daytona NART Spider
Gooding said,
* An Exceedingly Rare Michelotti-Bodied Daytona
* Commissioned by Luigi Chinetti for His Wife Marion
* Displayed at the 1980 Torino Motor Show
* Loaned to the Le Mans Museum Between 1981 and 1982
* Pristine Original Condition with Only 1,570 Miles Since 1976
* Maintained for Over 20 Years in an Important Private Collection
* Complete with Tool Kit, Hardtop, and Ferrari Classiche Attestation of Historic Interest
* Documented by Ferrari Historian Marcel Massini
That is a huge difference in price – $27.5 million and $720,000! They are both Ferrari NART Spiders but the numbers and letters that follow the Ferrari in their model designation make all the difference. One is a 275 GTB/4 and the other is a 365 GTB/4.
Ferrari 275 GTB/4 NART Spider
The 275 GTB/4 is one of the most beautiful Ferrari styles ever and it has a racing heritage (the Spider has a racing heritage too). The Spider was created by merely cutting off the top – thus leaving most of the beautiful body style in place. Only ten were made.
Ferrari 275 GTB/4 NART Spider
The 365 GTB/4 Daytona NART Spider was a complete re-body by Michelotti, so there is nothing left that resembles the original 365 GTB/4 Daytona. Less than ten were made – but that doesn’t matter. It has no race heritage and the looks, well, are a matter of personal taste.
Ferrari 275 GTB/4 NART Spider
So is the huge price difference worth it? At least one buyer and seller thought so.
Ferrari 275 GTB/4 NART Spider
Ferrari 275 GTB/4 NART Spider
You can sell your classic car on My Car Quest – CLICK HERE.
It would not surprise me that the next time a Ferrari 365 GTB/4 Daytona NART Spider comes up for sale that it will sell for far more than what this example sold for, depending on condition. While its looks are a matter of personal taste and it has no racing heritage, it is rarer than Ferrari 275 GTB/4 NART Spider. And Mike, as you well know first hand, all it takes is two motivated buyers to drive up the price.
I’m betting that if the new owner brought his/her 365 GTB/4 Daytona NART Spider to a high-profile 2014 Scottsdale auction, that it will sell for far more than he/she just paid for it in Monterey, probably well in excess of seven figures.
Just one man’s opinion.
Richard Truesdell
Co-founder and Dditorial Director, AutomotiveTraveler.com
Q: So is the huge price difference worth it? A: one word Michelotti
I just saw the Chasing Classic Cars about the RM NART auction. It was well worth watching.
Bruce – I just watched this show – it was great and my buddy Bruce Meyer was involved.
http://mycarquest.com/?p=19966
I will be writing about another special NART Spider later this week.