1953 Ferrari 375 MM

VIN: 0366AM

$1,925,000

Sold

Seller details

  • Auction

    RM Auctions

  • Location

    Amelia Island, FL; US

  • Event date

    Mar 9, 2002

  • Lot

    118

Vehicle specs

  • Chassis/VIN

    0366AM

  • Body style

    Spider

  • Odometer

    7227 k

  • Engine Type

    V12

  • Horsepower

    340

  • Induction

    3x1bbl

  • Interior Color

    Black

  • Exterior Color

    Red

Vehicle details

Notes and observations recorded by Hagerty staff.

Condition

RHD, silver painted Borranis, headrest, single windscreen with aluminum passenger's tonneau. Casimiro de Oliveira, 0366AM's first owner, crashed it so often it needed a new body -- this one -- after only a year, replacing its original Pinin Farina Spider coachwork. The evolution from PF to Scaglietti is striking and shows the way to future Scaglietti competition bodies on Testa Rossas and all the rest. Restored to competent historic race-ready condition; looks good but not too good to be driven enthusiastically.

Market commentary

On sale from $1.5 million, the bidding dragged on between two indecisive telephone bidders in minuscule increments of $5-15,000 eventually reaching the $1,750,000 hammer price in a process that became "auction theater." It's a great car, bought for considerably less than it would have brought with its original PF body and important in its own right. The price is fair and the inherent value of this car as the entry ticket to all sorts of events is more than it appears on the surface.

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