Offered by Stanislas Machoïr | Nice, France | October 17, 2015
Photo – Stanislas Machoir
Luigi Chinetti and his North American Racing Team (NART) are legends in American (and worldwide) motoring. He was the man who brought Ferrari to America and the initials of his racing team mark some of the world’s most valuable Ferraris.
In 1969 or 1970, Chinetti met with GM with the idea to create something exotic based on one of their cars. So, using a modified 1969 Cadillac Eldorado chassis, Chinetti (and his son, Luigi Jr., who helped pen the body), created this unique one-off creation.
It is powered by a mid-mounted 8.2-liter V-8 making 400 horsepower. The car is rear-wheel drive as opposed to the Eldorado’s standard front-wheel drive layout. The body was constructed out of aluminium by Zagato in Italy. Styling cues are a mix of both European performance and GM parts bin.
Unfortunately, General Motors never really gave the car any consideration for production but Zagato did show it at the 1971 Turin Motor Show and Chinetti showed it again in New York later that year as well. It’s a super unique piece of history – perfect for collectors of Cadillacs, General Motors concept cars, Zagato concept cars – and even Ferraris. It all ties in. It should bring a respectable $280,000-$450,000. Click here for more info and here for more from this sale.
1967 Ferrari 275 GTB/4 N.A.R.T. Spider by Scaglietti
Offered by RM Auctions | Monterey, California | August 16-17, 2013
This is one of the most valuable Ferraris in the world. It was born out of a 275 GTB/4 and Luigi Chinetti’s (correct) feeling that convertibles go over big in America. He talked Enzo Ferrari into building a run of 25 convertibles based on the 275 GTB/4. Only ten ended up being built and Chinetti moved each one of them at $8,000 each in 1967 and 1968. They all carry the name “N.A.R.T.” in honor of Chinetti’s North American Racing Team that made Ferrari such a success in the States.
I actually had reservations about featuring this car because the “proceeds are going to charity” and at some auctions that’s a big red flag because the final selling price of the car tends to be wildly inflated over the actual value. But this car has an actual pre-sale estimate posted of between $14,000,000-$17,000,000 and I don’t think anyone dropping that kind of cash is really gonna bump the price just to feel good about themselves and make everyone see how great of a person they are (which is what charity cars at auctions are all about – showing you are a decent person even though you’re rich… that and the tax write-off).
The engine is a 300 horsepower 3.3-liter V-12 and the car was bought new by Eddie Smith, Sr. – directly from his friend Chinetti, to whom he traded back a coupe version he had just purchased. Prior to the coupe, Smith owned a California Spider, so he obviously had taste. When Smith died in 2007, the car passed into his son’s hands and has not been used often – which is why they are selling it and donating whatever it brings to charity.
This is essentially a one-owner car – which is something you’ll never see again with regards to a N.A.R.T. Spider. This car is a big deal, and RM is making you register with them specially if you want to bid on this car. You can find out more here and see the rest of RM’s lineup here.
1971 Ferrari 365 GTB/4 Daytona N.A.R.T. Spider by Michelotti
Offered by Gooding & Company | Monterey, California | August 17-18, 2013
The Ferrari Daytona is one of the most classic Ferraris. Of the cars they built in the late-1960s and even through most the 1970s, these are the Ferraris everybody wants. And on top of that, there is the 365 GTS/4 – or Daytona Spider. These are exceptionally rare and highly prized and collectible. They were built by Scaglietti.
And then there’s this. Only a handful of Ferrari Daytonas were custom-bodied and this is one of them. It is one of five custom-bodied Daytonas commissioned by Luigi Chinetti (the guy responsible for Ferrari being in America) – though not all were the same. It was built as a 365 GTB/4 coupe and sold by Chinetti in Connecticut. He bought it back in 1976 and shipped it to Michelotti in Italy to receive this custom body.
Michelotti designed it and built three just like it – all for Chinetti. It was finished in the colors you see and given to Mrs. Chinetti as a gift. The car also carries “NART” designation. N.A.R.T. stands for North American Racing Team – Chinetti’s race team that he used to tout the Ferrari marque around America. The engine is a standard 365 GTB 4.4-liter V-12 making 352 horsepower.
The car was acquired by its current owner in 1991. It has never been restored and was refreshed before being brought to auction. Remarkably, it has covered only 1,568 miles in its life (not including when it was a Daytona coupe for five years). As you’ll see next week, this NART Spider is a bargain at $700,000-$1,000,000. That’s even cheap for a 365 GTS/4 Daytona Spider. Click here for more info and here for more from Gooding in California.