1994 Ferrari 348 GT

Michelotto Competizione
RM Sotheby's Milan 2021
Tuesday, 15 June 2021
€241,250 ($292,395)
Sale Price
€260,000 - €360,000
Est. Range
15 June 2021
Sold Date
Lot Number
Competition car, original as-raced
RM Sotheby's
Auction House
Chassis no. ZFFUA35B000098226; Engine no. 35506. Red over red cloth. 3405/360hp competition prepared engine, 6-speed, white 18-inch Speedline magnesium wheels, PZero tires, OMP fire system, power windows, two seats.

Evaluation: Represented as the original numbers-matching engine, one of 11 built by Michelotto. Delivered to Peter Andersen (whose business was fish export/import, thus the “Scuderia Salmoni” livery) and competed in various track and Ferrari events from 1994-2003. Apparently unused since. Race prepared by Kroymans and showing expected chips and scuffs with 9,613km showing on its odometer. Red duct taped front end. An honest track day car.

Bottom Line: This much money will buy enough 348 tbs to fill a barn, even a 488 GTB, and is ample for a car with club racing history, even with 360hp. There is no record of recent service, safety checks or race prep, all of which will be needed before its track potential is experienced and adds to the all-in cost of acquisition.

by Rick Carey
4 July 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.
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