The Bid is Right

Guess how high will this race-converted 1969 Ferrari Daytona fly and win $500

by Conner Golden
30 June 2022 3 min read
Image

We thought about taking it easy on y’all this week. Our last Bid is Right contest proved a bit diabolical, with guesses on the oddball Gordon-Keeble’s final bid falling on a wide spectrum between dead-on accurate to hysterically over-ambitious. Thus, it seemed prudent to tighten the range a bit with a lobbed softball; something following a historically stable Hagerty Price Guide curve and oodles of clustered reference sales to give you some sort of educated guess. Then we saw Bring a Trailer’s 1969 Ferrari 365 GTB/4 Competizione Conversion and we couldn’t help ourselves. Good freakin’ luck.

Think twice before perusing past auction reports, as this alone might not carry you clean to this week’s $500 payout for closest to the pin. Ferrari Daytonas are on a bit of a valuation tear recently, with prices for standard, sorted coupes falling as low as $500,000 to a stratospheric $800,000 paid for a new-to-market car last year. A gaggle of other sold Daytonas fill that $300,000 gap—and that’s before we even mention this Competizione-spec conversion.

Ferrari built just fifteen true works 365 GTB/4 Competiziones, according to marque experts. Each was part of a five-car block from three separate model years, all privately raced by wealthy teams who fielded these swollen, musclebound Daytonas at a number of world-class  events. Le Mans was a particularly popular battleground for these warriors, with Daytonas taking 5th overall in 1971, and GT class wins in 1972, 1973, and 1974. At the 1972 running of Le Mans, Daytonas took the first five finishes in the aforementioned GT class. The 365 GTB/4’s final headline win landed in 1979—five years after production end—when a Competizione claimed 2nd overall at its namesake 24 Hours of Daytona.

Of course, lack of access to one of the fifteen official Competiziones did little to hinder over-moneyed racers from racing their own roadgoing Daytonas. In addition to Maranello’s fifteen real-deals, an additional twelve roadcars were chopped-‘n-cropped for circuit duty, totaling 27 race-spec Daytonas, a roster including the rosso racer featured here.

According to Bring a Trailer, this roadbound Daytona began its Competizione conversion in the 1980s, eventually trading hands as a “dismantled project” in 1985 to a Dutch owner, who in-turn commissioned Roelofs Engineering to finish the build. Later, the same shop added “Series III Competizione-style” modifications to bring it up to the spec you see now.

As far as raceday upgrades go, it’s got all the usual suspects. The 4.4-liter V-12 is now “Competizione” spec, backed by a tightly-geared five-speed manual, heavy duty brakes, twin master cylinders, adjustable suspension, roll cage, fuel cell, and stripped interior. All this is wrapped in complementary Series III Competizione bodywork with upgraded front fascia, race-spec wheels, and widened bodywork.

With showings at Monterey Motorsports Reunion, Classic 12 Hours at Sebring, and Classic 24 Horus at Daytona, this is an undeniably a cool car—but how does this “cool” translate to the final auction result? There’s numerous factors to consider, starting with the fact that Bring a Trailer is far from the primary platform for scoring a Cavallino-winning 365 GTB/4, let alone an FIA-ready conversion. If we were to offer some assistance here—and that’s a big if—we’d suggest checking out some past results from a major auction house, where a similar Daytona Competizione converted by the same Roelofs Engineering sold for…ah, we’ve already said too much.

It’s up to you to guess how much this sliced-up Daytona will hammer for when the dust settles. As usual, the closest guess in the comments without going over takes home a nifty $500. It’s not quite enough to score a race-ready Ferrari, but it’s enough to get you a great view at the Monterey Motorsports Reunion, where you just might see this car in action. Get guessin’.

House rules:

  • The commenter who guesses closest to the hammer price without going over wins. (Hammer price excludes auction house fees).
  • One guess per commenter.
  • If two people guess the same amount (within a dollar) the earlier guess wins.
  • Commenters must provide first and last name in addition to email address.
  • We will close the guessing on Friday, July 8th at 1:00 PM EST.
  • Your privacy is important to us, and we’ll never sell your information. By providing your email you will receive the weekly Insider newsletter, and you can opt out at any time.
  • You can read the full rules here.
A story about
Hagerty
Valuation Tools

See how much your car is worth.

Get current values, historical values, model history and more.

Comments

Leave a Reply

Your email address will not be published.

More on this topic

Hagerty Insider Newsletter

Your weekly dose of auction reports, market analysis, and more.

Thank You!
Your request will be handled as soon as possible
Hagerty Insider Newsletter
Your weekly dose of auction reports, market analysis, and more.
Share