1913 Isotta Fraschini Tipo IM
Offered by Gooding & Company | Pebble Beach, California | August 16, 2019
We’re kind of saving the best for last for this year’s Monterey auctions. What we have here is an early Isotta Fraschini… with period Indianapolis 500 race history. Isotta was founded in 1900, and most of their surviving cars in private hands tend to be the big, beautiful ones from the late 1920s and early 1930s.
To see one this “early” – 13 years into their production – is pretty rare. The engine is a 135 horsepower, 7.2-liter inline-four. A monster. The Tipo IM was built specifically to compete at Indy at a time when many manufacturers were hoping for glory at the Brickyard for the promotional benefit that would surely follow. If only Indy still had that kind of manufacturer pull and aura of innovation. The racing history for this chassis includes:
- 1913 Indianapolis 500 – 17th, DNF (with Teddy Tetzlaff)
- 1914 Indianapolis 500 – 27th, DNF (with Ray Gilhooey)
Only six examples of the Tipo IM were built. This one DNF’d at Indy twice, first with a broken drive chain and again in 1914 after a blown tire resulting in a driver-ejecting spin and subsequent rollover. Gilhooey and his riding mechanic survived.
By 1917 it had been re-bodied in New York and sold to a private owner as a road car. It was restored by a later owner in the 1960s and was purchased by the consignor in 1995. Since then, the car has been restored again, this time to its 1914 Indy 500 specification. Many early 500 cars didn’t survive. This one has, and it’s wonderful. The pre-sale estimate is $3,000,000-$4,000,000. Click here for more info and here for more from this sale.
Update: Sold $2,645,000.