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123 of 170 lots
Lot 123
1970 Ferrari 365 GT 2+2
Estimate:
$240,000 - $280,000
Starting bid:
$25
Sold for
$255,000
Live Auction
Pebble Beach Auctions 2023
Description
Coachwork by Pininfarina

Without Reserve

Chassis: 12521
Engine: 12521

One of 809 Examples Built
One of Ferrari’s Most Successful Models to Date
Purchased New by Noted Sports Car Aficionado Richard Losee Sr.
An Outstanding Enzo-Era Grand Tourer
Documented by Ferrari Historian Marcel Massini

4,390 CC SOHC V-12 Engine
Three Weber 40 DFI/5 Carburetors
320 BHP at 6,600 RPM
5-Speed Manual Gearbox
4-Wheel Hydraulic Disc Brakes
4-Wheel Independent Suspension with Coil Springs

First shown at the Paris Motor Show in 1967, the 365 GT 2+2 was the most luxurious and best-equipped Ferrari model built to date. The 320 bhp, 4.4-liter V-12 featured three twin-choke Weber carburetors and was good for sprints from rest to 60 mph in just over seven seconds with a top speed of over 145 mph. When production of the model ceased in 1971, just 809 examples of the 365 GT 2+2 had been built.

According to the accompanying research report of marque historian Marcel Massini, this Ferrari 365 GT 2+2, chassis 12521, was originally sold via William Harrah’s Modern Classic Motors dealership in Reno, Nevada, to Richard Losee Sr., who was a great patron of the Ferrari marque, and owned several models throughout his lifetime. The original colors of Rosso Nearco (Nearco Red) with beige leather complement the design beautifully, and the car remains in this livery today.

In the late 1980s, the 2+2 was sold to Dan Margolin of New Jersey, who kept 12521 for five years before it spent time in a collection in the Far East. In 2019, Ferrari expert Patrick Ottis of Berkeley, California, completed service to the braking, heating, ignition, and engine ancillary systems totaling over $11,000, according to records on file. Recently added to a Southern California collection of postwar sports cars, this handsome V-12 Ferrari stands as a most stylish Grand Tourer, beckoning for picturesque, open roads.