A gem of a car was auctioned at Sotheby’s in August 2014. A 1964 Ferrari 275 GTB-C Speciale sold for an incredible $ 26,400,000. This was one of the rarer Ferraris from the mid-1960s ever offered to an elite class of bidders with the resources to drive up the price thus far. It amazes the mind that a vehicle from this era can be so valuable. This was a historic sale and sparks our interest in learning more about the vintage Ferrari which is considered a collector’s dream.
From swap shops and flea markets to Sotheby’s
The story behind the 1964 Ferrari 275-GTB-C Speciale that sold for more than $ 26 million is one worth retelling. Preston Henn was an entrepreneur, racing driver, racing team owner, and avid supercar collector. He passed away in April 2014 and his collection of rare and valuable cars would be auctioned by the family. He had built an empire with his Florida-based Swap Shop franchise in the early 1960s. In addition to indoor and outdoor flea markets, he also owned several open-air cinemas. He was 86 at the time of his death from natural causes, but had lived a full life that included racing in his Gunnar Porsche 935, which was part of his collection. Among its many expensive collectibles was the 1964 Ferrari 275 GTB / C Speciale, according to a report issued by Motorauthority.
The value of the Ferrari of 26 million dollars
There are those who wonder how a car can reach such a high value. For the 1964 Ferrari 275 GTB-C Speciale, there are few factors. It is a Ferrari, which makes it expensive and valuable. The condition of the car at the time of sale also increases its value, but there is much more. We learned from Hemmings that this is a factory racing Ferrari, which is an exclusive vehicle within the Ferrari lineup. There were a total of 453,275 GTB models made for sale to the republic in general, but the 275 GTB-C Specials, which are special editions made by Mranello, only numbered a total of three, making them ultra-rare examples of the group more. big. Another noteworthy aspect of all three is that they have a documented track record of being created specifically for the 1965 24 Hours of Le Mans, giving them another special level in the food chain.
A serious competition Berlinetta
The exceptionally rare 1964 Ferrari 275 GTB / C Speciale received a chassis number 06701 as a means of authentication that left no doubt about the vehicle’s history. This particular car was delivered to the Sotheby’s auction held in Pebble Beach, CA in perfect condition. Preston Henn knew exactly what he had and took excellent care of this prized possession. The specs of this 24-hour runner at LeMans are equally impressive at the time of its development. It is powered by a 3.3-liter V-12 engine that evokes 320 horsepower, mated with a five-speed manual transmission. One of its sister cars finished third in the 1965 Le Mans race, but this example remained a road car that was in remarkably high demand due to its extreme rarity.
The very appearance of this car had a magical power of attraction, even if you didn’t know it was only one of three ever produced. Another attribute that places it in a class of its own is its importance in the history and evolution of Ferrari’s racing technology. This was the car that took the next step from the Ferrari GTO concept with Italian flair, and its body features a lightweight aluminum construction. The engine was designed to improve the center of gravity and optimize it for racing with a lower mounting position. When it comes to creating value, none of the little details are overlooked on this magnificent machine.
An impeccable following has been kept for the three rare Ferrari 275 GTBC Speciale from 1964 and the other two of its siblings still exist and are currently owned by private collectors. This car is fully vetted with a trail of paper documentation accompanying it from the launch date from manufacture and delivery to its first owner, to the present. The $ 26.4 million car has made several appearances at auto shows around the world, living up to its celebrity persona over the decades.
It’s always a pleasure to keep exploring the elements of an excellent collector’s item like the 1964 Ferrari 275 GTBC Speciale because there is always something new …