Heroshot

1970 Ferrari 365 GT

2+2 Coupe
Gooding & Co. Geared Online, October 2020
Monday, 26 October - Friday, 30 October 2020
$159,500
Sale Price
$160,000 - 200,000
Est. Range
Yes
Reserve
30 October 2020
Sold Date
60
Lot Number
#3+
Older restoration
Gooding & Company
Auction House
Chassis no. 13269; engine no. 13269. Grigio Mahmoud over beige leather. 4390-cc, 320-hp V-12, 5-speed manual. Centerlock alloy wheels, Carello headlights, wood-rim steering wheel, Blaupunkt pushbutton radio, power windows, Ansa exhaust.

Evaluation: Represented as matching numbers. Tiny ding in the front left bumperette. Small chip at the bottom of the drivers door. Plating is coming off the left-rear wheel lock. Light amount of dirt underneath but not bad. Lightly worn front seats but otherwise, the interior has been soundly restored. Fully restored but used since and no longer a stunner, so it would be best used as an event car or casual driver.

Bottom line: Reported sold way back in 2006 by Coys at Nurnberg for $98,048 (Euros 77,300), then by Bonhams at Quail Lodge in 2017 for $220,000 (Euros 187,500 at at the time) with 79,684 km showing. It has 82,363 km in the current online photos. This result is Euros 136,900, so whether Euros or dollars, this is a substantial drop for a car with very few more kilometers recorded nor an appreciable decline in its condition. The bidding was as lacklustre as the car’s condition and history.

by Rick Carey
2 December 2020
1970 Ferrari 365 GT 2+2 interior
1970 Ferrari 365 GT 2+2 engine
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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.
N/A
Hagerty only assigns condition ratings to vehicles we can inspect in person or, for online listings, via high-quality photography.