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.