Broad Arrow Auctions Zoute
Broad Arrow Auctions held their first sale in Belgium on October 10 during the Zoute Grand Prix Week in front of a packed crowd with even more viewing the action remotely. The auction was a success with a 78% sell-through rate and total sales of €26,293,150. There was a wide range of options for bidders that ranged from the latest and greatest hypercar to classic European sports and touring machinery. The top sale of the auction was a 1967 Ferrari 275 GTB/4 that sold for €3,015,625 – about $3.5 million by the current exchange rate, a solid performance at Broad Arrow.
Ferrari 275 GTB/4 History
The Ferrari 275 GTB/4, often affectionately nicknamed the “four-cam,” was unveiled at the 1966 Paris Motor Show as the ultimate evolution of the revolutionary 275 platform. This platform was already highly significant, being the first Ferrari road car to feature a rear-mounted transaxle for improved weight distribution and fully independent suspension on all four wheels. The GTB/4 visually retained the stunning Pininfarina-designed, Scaglietti-built “long-nose” berlinetta bodywork of its predecessor, characterized by its long hood and Kamm tail. However, its historical significance rested entirely beneath the bonnet, where Ferrari introduced a major technical leap that cemented its position as a world-class grand tourer.
The heart of the 275 GTB/4 was its Tipo 226 Colombo V12 engine. While retaining the 3.3L displacement, this was the first time a dual overhead-camshaft (DOHC) configuration – four cams in total – was used in a production Ferrari road car, a technology directly inspired by Maranello’s competition engines. This mechanical refinement, paired standard with six Weber carburetors and a dry-sump lubrication system, boosted the claimed power output to 300 horsepower at 8,000 rpm and provided better tractability across the rev range. Produced for a short period between 1966 and 1968, with only about 330 examples built, the 275 GTB/4 is today regarded by many collectors as the pinnacle of the classic V12 front-engined grand tourer era.
Ferrari 275 GTB/4 Market Trends - A Five Year Analysis
The Ferrari 275 GTB/4, one of the most desirable classic Ferraris ever produced, has experienced notable appreciation over the past five years, with standard steel-bodied examples increasing approximately 18-20% in value from 2019 through 2023, although the market has shown some volatility in 2024 and 2025.
Price Evolution Over the Years
2019: In August 2019, a standard Ferrari 275 GTB/4 sold at Mecum Monterey for $2.75 million, setting the benchmark for the next five years.
2020 – 2021: The market saw significant appreciation during this period, with values climbing sharply. By August 2021, a 275 GTB/4 from original ownership achieved $3.66 million at Gooding & Company’s Pebble Beach Auction, about a 33% increase in value compared to 2019. This aligned with the overall boom in classic car values during the pandemic.
2022: Values remained elevated but began stabilizing, with standard examples trading between $3.0 – $3.5 million. Notable sales included $3.025 million at Mecum Glendale in March and $3.525 million at RM Sotheby’s Monterey in August.
2023: This year saw the highest transaction volume with multiple sales throughout the year. Standard 275 GTB/4 examples averaged $3.25 million, ranging from $2.97 million to $3.8 million – the latter of those prices being for a special “Del Rio” variant sold by RM Sotheby’s in Monterey (of course this is excepting aside the Steve McQueen example that was also sold by RM Sotheby’s in Monterey for $5,395,000 – while we may never know exactly how much of that was a premium simply due to the McQueen factor, it’s enough of an outlier to set aside for the moment). European sales also remained strong in 2023, with examples fetching €2.8 – €3.1 million.
2024 – 2025: The market showed mixed signals in the past couple years. While the ultra-rare variants such as the aluminum-bodied NART car brought $5.285 million in August 2024, the classic Ferrari market as a whole experienced a cooling period. Of course that brings us up to now with the 1967 Ferrari 275 GTB/4 sold by Broad Arrow Auctions in Zoute for €3.015 million which suggests values are stabilizing around the 2023 levels.
Key Value Drivers
Rarity and Variants: Only 330 examples of the 275 GTB/4 were produced between 1966-1968, making it inherently collectible. Of course the 16 aluminum-bodied examples, along with the 10 NART Spyders command significant premiums – as much as 50-100% more than the standard steel-bodied cars.
Provenance and Condition: Celebrity ownership and racing history can add 30-40% premiums, as we saw in 2023 with the former-McQueen car. It’s also become increasingly important for these cars to achieve Ferrari Classiche certification to achieve stronger prices.
Current Market Assessment
The Ferrari 275 GTB/4 has shown relative strength compared to many other classic and collector cars from 2020 to 2025. The 18% – 20% increase of its average value from 2019 to the prices circa 2023 – 2024 demonstrates solid appreciation especially considering the median price since 2020 is about $3.3 million with an average price of $2.0 million over all levels of condition. The sell-through rate for the 275 GTB/4 is also strong from 66% to 78%. While the collector car market overall has experienced some uncertainty in 2024 and 2025, in part due to interest rate increases impacting financing for million dollar and up cars, the 275 GTB/4 has stood resilient with exceptional examples still selling for $3.0 – $3.5 million.
Overall Investment Outlook
Analysts throughout the classic car world view the 275 GTB/4 as maintaining strong long-term prospects. It is one of the “last-of” models, being the hottest evolution of Ferrari’s 275 platform before the move to the Daytona. The recent market correction from the peaks of 2021 – 2022 is viewed as more of a “healthy cooling” rather than any sort of crash. The 275 GTB/4 has appreciated in value meaningfully over the past five years, especially for well-documented, original cars with the proper Ferrari Classiche certification. Although the market has relaxed somewhat from the pandemic-era peak, values are still significantly above 2019 levels, appropriately demonstrating the 275 GTB/4’s place as one of the most desirable classic Ferraris ever produced.