A lot has changed in the automotive world over the last half-century, but it’s undeniably clear that Ferrari still holds a special place in the hearts and minds of high-end car collectors. One of many classic Ferraris to cross the auction block at Pebble Beach’s Monterey sale over the weekend, this super-rare 1964 Ferrari GTB/C Speciale wowed onlookers enough to post a final selling price of $26.4 million.
Demand for the 1964 Ferrari 275 GTB/C Speciale (chassis number 06701) was so high because of its extreme rarity, well-documented provenance, and exceptional condition. With its 3.3-liter dry-sump V-12 engine churning out 320 hp, six Weber carburetors, and five-speed manual transaxle gearbox, the 275 GTB/C Speciale remains one of three Berlinetta Competizione cars produced for racing. It spent all of its life as a road car, while its sibling, chassis number 06885, went on to finish first in its class and third overall at the 1965 Le Mans 24-Hour race—to this day the highest-place finish for a front-engine vehicle at the endurance race.
Though it can be tough to fathom spending so much on one vehicle, $26.4 million is right in the current range for what elite collectors are willing to cough up for well-preserved and historic Ferraris. The 1964 Ferrari 275 GTB/C became the fourth-most expensive car to ever sell at auction, only days after a 1962 Ferrari 250 GTO became the most expensive to ever do so, with a final bid of $38,15,000. The final sale price for the 1964 Ferrari 275 GTB/C Speciale fell just below that of another Ferrari 275, a GTB/4 N.A.R.T. Spider which finished at $27.5 million last year at RM’s Monterey auction.