Multi-Million Dollar Daytona
Earlier this summer RM Sotheby’s sold a 1973 Ferrari 365 GTS/4 Daytona Spider by Scaglietti at their Monte Carlo sale for €2,592,500 (roughly $2.72 Million). Ferrari didn’t build many of the Daytona Spiders, only 122 according to noted Ferrari expert and historian Marcel Massini. The example offered by RM Sotheby’s was the 90th built.
The Daytona Spider was unveiled at the 1969 Frankfurt Motor Show to a very excited and receptive crowd. The Spider was an evolution of the 365 GTB/4’s design, retaining all the good elements while adding the droptop and an extreme exclusivity factor.
The car sold by RM Sotheby’s was originally delivered to the US, the 65th of 96 that were to be sold here – the remaining 26 were sold elsewhere. It’s believed that this car is one of 16 US-destined examples that were completed in Gaillo Fly with Pelle Nera Vaumol leather as well as air conditioning and the desirable Becker radio.
The Spider remained in the US until it was purchased by a collector out of Germany who kept it until 1986, which is when it appears to have been brought back to the US by a collector in Pennsylvania. In 1999 the car was sold to renowned collector Lord Bamford who brought it to Terry Hoyle for a full cosmetic restoration, as well as a conversion to European-specs.
2007 saw the car authenticated by Ferrari Classiche in its original US specification and following that this Spider has had a fairly protected life out of the public eye, excepting a showing at the Concorso Italiano in August, 2018. The following year it was once again sold to a collector in Europe, who consigned it with RM Sotheby’s.
A Sign of Things to Come?
The final sale price of €2,592,500, roughly $2,720,000, is a decent amount above the median value of $2,191,500 and likely shows the ever popular Ferrari market’s upward trajectory continuing. Will we see prices that keep with this trend in Monterey next month? It’s a good question and one we’ll take a closer look at as Monterey Car Week approaches.