1994 Ferrari 348

GT Michelotto Competizione Berlinetta
Sale Price
$303,000 - $352,000
Est. Range
Lot Number
Competition car, original as-raced
RM Sotheby's
Auction House
Chassis no. ZFFUA35B000099107. Rosso Corsa over red cloth. 3405/360hp V8, 5-speed, fully race prepared by Michelotto in exhaustive FIA compliant detail for performance and safety, Speedline one piece centerlock alloy wheels, old PZero slicks.

Evaluation: One of 11 built. Delivered in the United States, later owned by John O’Quinn. Track day use only and showing 3503 believable km. The upholstery on the Momo seats is a little dirty. There is plenty of evidence of use, including scraped front and rear undertrays, a banged bumper corner, scraped body sills, and a variety of chips. The engine compartment is clean and fresh, reflecting a 2019 belt service and gearbox rebuild. Visibly used but exceptionally usable.

Bottom Line: Read this carefully: Sold by RM to John O’Quinn at Amelia in 2007 for $83,600 showing 2685 km. Sold by RM from the O’Quinn estate to the present owner at Amelia in 2010 for $82,500 showing 2695 km. Now showing 3503 km, 808 more than eleven years ago but brought over five times the price. Even adding €18,000 (circa $21,000) for the belt service and gearbox rebuild, this still is a huge result for a car with no competition history that is, per the catalog writeup, “Eligible for a handful of historic racing events.” There is surely some compelling ulterior motive behind the enthusiasm shown by two bidders for this car, and it is best left to those with the big checkbooks to work that out. For an objective observer this price is inexplicable.

by Rick Carey
21 February 2021
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