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Classic Ferrari valued at more than £2 million up for auction

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May 9, 2017
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A classic Ferrari valued at between £2 million and £2.5 million goes under the hammer at Coy’s of London next week.

The car in question is the first ever Ferrari 275 GTB/4 that was showcased in 1966, the year of its construction, at the Paris Motor Show to launch the all-new model. It has since gone on to become one of the most valuable Ferraris in the exotic carmaker’s history.

Coy’s CEO Chris Routledge said: “The four-cam has always been considered the most beautiful 12-cylinder car from Maranello, and it is with some excitement that we are bringing the factory prototype, Chassis No 1 and 1966 Paris Motor Show car to the market.”

Classic Ferrari 275 up for auction

Classic Ferrari 275 – “one of the greatest automobiles created”

And, as JeanPierre Beltoise, a racing driver and journalist for l’Auto Journal, wrote when he tested the car half a century ago: “It is, first and foremost, a serious and comfortable gran turismo, but it retains the lineage of a race car in the response of the engine and the quality of the handling.

“The 275 GTB/4 is one of the greatest automobiles created in our times.”

After being unveiled in Paris, it was bought by Gordon Walker of Northbrook, Illinois, where it remained until 1983.

That year it was offered for sale by Ferrari South USA and was bought into the Swiss collection of Albert Obrist, who is known for owning some of the greatest Ferraris of all time.

After a brief spell in the UK in the early 2000s, the car was sold at the Coy’s auction in Monaco to the current vendor who has only used it for a handful of events.

Classic Ferrari

Classic Ferrari 275 finished in traditional Rossa Corsa

Finished in traditional Rossa Corsa with black leather trim the car will be sold at the Royal Horticultural Halls in Westminster, London, on Thursday, May 18.

Bidding requires pre-registration with Coys and will be subject to separate terms and conditions that do not appear in the auction catalogue. Contact Coys on 0208 614 7888 for more details.

Other lots to look out for during the sale include:

  • A 1950 Bentley Mk VI Convertible valued at £75,000-£90,000
  • A 1974 Aston Martin V8 Saloon valued at £70,000-£80,000
  • A 1963 Maserati 3500 GTI Superleggera valued at £150,000-£175,000

  • A 1981 DeLorean DMC-12 valued at £30,000-£40,000

  • A1947 MG TC valued at £19,000-£25,000

Once you’ve picked out your classic, check out how much it will cost to insure with a competitive quote on Adrian Flux classic car insurance.


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