Heroshot

1973 Ferrari 365 GTB/4 Daytona

Amelia Island 2020 - RM Sotheby's
Friday, 6 March - Saturday, 7 March 2020
$500,000
Sale Price
249
Lot Number
#2-
Older Restoration
RM Sotheby's
Auction House
Chassis No. 16109. Yellow over black leather. 4390-cc, 325-hp V-12. 5-speed manual. Campagnolo alloy wheels, Michelin XWX tires, Ansa exhaust, Simpson lap belts, Momo leather-wrapped steering wheel, factory air conditioning, power windows, later Alpine cassette stereo, and Marelli ignition modules.

Evaluation: Older restoration | Represented here as 48,985 miles from new. Fully restored in the 1990s, some 8000 miles ago. Very good paint other than a chip at the back edge of the hood, two more small ones at the back edge of the passenger’s side door and at the corner of the left headlight door. Lightly scratched window frames. Very light wear to the steering wheel and seats but otherwise very good interior. Lightly used but tidy underneath. The engine compartment, on the other hand, is getting grimy and desperately needs a thorough detailing. The restoration was well done but is showing age and consistent
neglect. It will be a 3+ soon.

Bottom Line: This is a legendary Daytona, not because of any remarkable history but on account of its long auction history at Mecum Auctions. It’s been recorded some 14 times, but never sold, beginning in 2016 when it appeared at Kissimmee, where it was reportedly bid to $800,000. It’s gone from there to Monterey to Dallas to Kissimmee to Houston to Indy to Las Vegas. It took a detour to the Hollywood Wheels auction here at Amelia in 2018, then on to
Mecum Kissimmee, Monterey, Chicago, Kissimmee again, and Glendale, Arizona, almost a year ago, where the reported top bid was $575,000. This is a car that has accurately traced the decline of Daytona values for four years. The consignor chased those values down while adding 214 miles (accumulated largely by
Mecum Transport drivers going on and off auction fields) never catching up until today. A sad end for a decent but shopworn Daytona. Overexposed doesn’t nearly
describe 16109. It’s a relief to see it sold—the car doesn’t deserve its treatment as the poster child for declining Daytona values. And it’s actually a solid value in this transaction.

by Hagerty Editor
1 February 2020
Hagerty
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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.