Condition
Chrome spoke Borranis. Very sensitively and accurately restored to like new condition with good cosmetics, clean and tidy underhood and with noticeably even panel gaps and smooth fits. Said to have 1,600 miles on the restoration, so it's shaken down, too. Aside from a windshield scratched by a misaligned wiper arm it is impossible to fault.
Market commentary
Thank goodness Ferrari was in "production" mode when the 275 GTS was built. There are enough of them on the road that supply has met demand and kept the prices of these beautiful spiders in check. If there were only a couple dozen they'd be $1/2 million cars, they're that pretty. This result is on-the-money but even then the buyer got a very well-restored car for much less than the cost of making a swan out of an ugly duckling. [John Apen (who owns perhaps the world's best unrestored 275 GTS) observed this was a comprehensively rebuilt badly hit GTS sloppily constructed with pop rivets where welds should be and holes where there should be sheet metal. So much for my opinion of this car and therefore the revised "--" Condition rating. Talk about swans and ugly ducklings... altho subsequent reports are that the car drives very well.]