1953 Ferrari 166 MM

Series II Spider
$149.3M worth of cars at RM Sotheby's Monterey
Thursday, 12 August - Saturday, 14 August 2021
Sale Price
$4,000,000 - $5,000,000
Est. Range
14 August 2021
Sold Date
Lot Number
Concours restoration
RM Sotheby's
Auction House
Chassis no. 0314M, Engine No. 80M. Burgundy with gray over tan leather. RHD. 1995/150hp, three 4-barrel Weber carburetors, 5-speed, silver painted wire wheels, Avon radial tires, dual wraparound Plexiglas windscreens, covered Marchal headlights.

Evaluation: Concours restoration. First owned by Edoardo Lualdi-Gabardi, the first of a long string of Ferraris he owned. Raced by him, including the 1954 Mille Miglia, then by subsequent Italian owners. Later upgraded by Ferrari to 3-litre (250MM) specifications. Stolen in 2000 during the Mille Miglia and not recovered until 2007. Beautifully restored and better than new with gorgeous paint, bright chrome, and pristine upholstery. The engine compartment and chassis are immaculate. Ferrari Classiche White Book certified and impossible to fault.

Bottom Line: Stories make cars more interesting and occasionally valuable. 0314M has its share of stories, largely vindicated by Ferrari Classiche’s restoration and provision of appropriate major components that return it to its 166MM configuration. While it may not be “pure” it is “accepted”, as its many Ferrari-sponsored appearances show, and it brought a representative price for its condition and history.

by Rick Carey
23 September 2021

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Condition definitions
Condition #1: Concours
Condition #1 vehicles are the best in the world. The visual image is of the best vehicle, in the right colors, driving onto the lawn at the finest concours. Perfectly clean, the vehicle has been groomed down to the tire treads. Painted and chromed surfaces are mirror-like. Dust and dirt are banned, and materials used are correct and superbly fitted. The one word description for #1 vehicles is “concours.“
Condition #2: Excellent
#2 vehicles could win a local or regional show. They can be former #1 vehicles that have been driven or have aged. Seasoned observers will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. No excessive smoke will be seen on startup, no unusual noises will emanate from the engine. The vehicle will drive as a new vehicle of its era would. The one word description for #2 vehicles is “excellent.“
Condition #3: Good
#3 vehicles could possess some, but not all of the issues of a #4 vehicle, but they will be balanced by other factors such as a fresh paint job or a new, correct interior where applicable. #3 vehicles drive and run well, but might have some incorrect parts. These vehicles are not used for daily transportation but are ready for a long tour without excuses, and the casual passerby will not find any visual flaws. “Good” is the one word description of a #3 vehicle.
Condition #4: Fair
#4 vehicles are daily drivers, with flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Split seams or a cracked dash, where applicable, might be present. No major parts are missing, but the wheels could differ from the originals, or other non- stock additions might be present. A #4 vehicle can also be a deteriorated restoration. “Fair” is the one word that describes a #4 vehicle.
Condition #5: Poor
Running, but battered, incomplete, and perhaps rusty.
Condition #6: Parts car
Parts car.
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.