Equipment
Weber carbs, Borrani wire wheels, Michelin tires, wood-rim steering wheel, dash clock, SF shields.
Condition
#4 Fair
Has visible flaws to the naked eye. Runs fine, but could use mechanical or cosmetic attention.
Dull, chipped, crazed paint. Ripped leather on seats and shifter/parking brake boots. Pitted, dirty chrome. Dirty but solid frame. Purchased new by a Pakistani businessman and registered in Karachi in 1964. It has since remained in the same family. Refinished in Rosso Corsa from the original Azzuro. Pakistani car since new. Claimed to run and drive. A strong, solid 'barn find'-type of car that would benefit from a reasonably straightforward restoration. Certainly not too far gone and was not left excessively dirty on purpose by the auctioneers.
Market commentary
The current passion for 'barn-find' cars is evident from this result. A quality restored Lusso is today worth $2.5 million -- a value that itself is a function of fad and hot money chasing trophy cars. This Lusso is essentially unusable in its current condition and once it starts down the road of recommissioning it will soon turn into a full restoration at a cost that will soon equal or exceed its restored value, unless you subscribe to the 'Ferrari prices have nowhere to go but up' mantra. This is a huge price, but was exceeded by a somewhat less scruffy long-stored Lusso at Gooding which brought just over $2 million.