UPDATE Underrated: ’72 Ferrari 365GTC/4
Well our estimate for the final selling price of this Ferrari has blown up. We thought maybe $140,000 tops. It is at $180,000 with 3 days to go! We checked a Sports Car Market Platinum Database and they report auction results well into the $200,000 range.
This is the first 365GTC/4 we have ever featured. We really like these cars and personally feel the frequently criticized styling has matured nicely over the years. With Ferrari Daytona prices hitting the $500,000 mark with some frequency, we think our readers should look here fo the bargain of the century. The bodywork was designed by Pininfarina in Turin then shipped to Maranello for completion. The styling was panned as being too boring in 1971 but has proven graceful and timeless, as so many fine Pinninfarina styles do. There is a somewhat refreshing lack of chrome and while the black bumpers did not meet universal approval (clown lips), they are tasteful compared to the huge units applied to the Lamborghinis of the time. The 365GTC/4 has an extremely low bonnet and retractable headlights. The 4.4 liter V-12 engine, similar to the Daytona’s, provides great power and emits a deep throaty rumble which is much more aggressive sounding than even that of the Daytona. Everything comes in pairs with this car. The six side-draft carburetors sit flat on top of the motor. In the center of the 4 camshafts are two oil filters to clean the 18 quarts of oil required by the engine, along with the complex throttle linkage required to open the 12 throats of those 38DCOE Webers. Under the cowl are the two distributors, housing 2 sets of points each and sparked by two “dinoplex” electronic coil units mounted on the fender wells. All this makes for a complex but reliable high-performance engine. A well-maintained 365 GTC/4 will provide years of trouble-free operation. Avoid one with any differed maintenance issues. Today’s featured car is the one you need to look at. It was restored in Europe 12,000 kms ago and is holding up well. Everything is functioning properly including the A/C. The transmission, a weakness in all Italian cars, is perfectly fine. The body and interior are beyond any significant criticism so we suspect it wouild be rated a condition 2 or 2-. SCM Price Guide and Hagerty are close on this one. Top cars rated condition 1 examples can sell between $140 to $170,000. Expect this one to trade at $125,000, maybe a little more. Please note that Ferrari built 500 of these. Daytonas number almost 1,300 and as we said earlier, sell for upwards of $550,000. If you’ve ever driven a Daytona, they are very aggressive and happy at speed. Not so much around town. Not so with the 365GTC/4. It’s a pleasure everywhere. Click here for the listing.