Rare 1966 Ferrari 275 GTB Competizione to be Auctioned

Classic Ferraris are in high demand, and have been commanding record prices recently. This 1966 Ferrari 275 Gran Turismo Berlinetta Competizione Scaglietti, heading to Bonhams’ Scottsdale auction in January, should only solidify that trend. The car was recently on hand at a party celebrating Ferrari’s 60th anniversary of selling car in the U.S.

Aside from being one of just 60 Ferraris selected to represent the brand at the aforementioned anniversary party, this 275 GTB Competizione has won numerous awards at shows like the Pebble Beach Concours d’Elegance.

But what makes this car even more special is its racing history. It’s just one of 12 examples made (the 11th built) and was first delivered to race team owner Georges Filipinetti, who raced it and racked up a number of impressive wins. For starters, it won the GT class at the 1967 Le Mans 24 Hours race, before winning in the same class at Spa-Francorchamps in 1969. It raced two more times at Le Mans in 1968 and 1969.

As its name implies, this car was built for competition. Compared to a normal Ferrari 275, it was stronger and lighter with reinforced wheel hubs, wider wheels, twin alloy fuel tanks, and quick-access fuel and oil filler caps. Power came from a 3.3-liter V-12 with a dry-sump oil system and a long list of modifications.

This car is chassis number 09079 and was passed on to American collectors after its racing career was over. The body was damaged in a fire in 1985, but was meticulously restored in Italy and certified by Ferrari Classiche.

The auction takes place on January 15 at the Westin Kierland Resort and Spa in Scottsdale, Ariz., and the rare Ferrari could break records. Experts acknowledge the sharp value increases of vintage Ferraris, but warn that prices could soon plummet and correct themselves once the bubble bursts. That said, recent auctions have proven that buyers are willing to make big investments in classic prancing horses. A 1962 Ferrari 250 GTO Berlinetta, for example, fetched $38.1 million this past August during a Bonhams auction at Pebble Beach, while a 1963 Ferrari 250 GTO reportedly commanded $52 million during a private sale last year.