September 1, 2013
1967 Ferrari Sets Record Sale Price
The following is brought to you thanks to our partnership with the folks at Top Speed.
Every year, classic and antique vehicles gain in value. None so true as a rare model, with only ten being produced, is the 1967 Ferrari 275 GTB/4S NART Spider. With an original price of $8,000, add inflation, and today it would sell for $56,000. However, with only ten being produced, and the new racing technology invested in this model, it is a definite classic and a rare find.
Recently one of the ten original NART Spiders was put on the auction block by a North Carolina family and it sold for a whopping $27,500,000, which almost doubles the $14 million average selling price for any of the other NART Spiders previously sold. Giving the original purchase price, this was obviously a great investment.
The Ferrari 275 GTB/4S NART Spider’s name consisted of a special code. NART (North American Racing Team) was the name given for the ten special order Spider models which came equipped with all the available racing technology. The “4” was assigned for the quad camshafts and the “S” for the higher engine tuning.
The NART was equipped with a high revving 3.3 liter V12 engine that generated 320 peak hp and 265 lb-ft of torque at 7700 RPM. With a five-speed manual rear-mounted transaxle and a six-pack of carburetors, the NART Spider sprinted to a 5.5 second 0-60 and top speed was 159 mph. Compared to today’s sports cars, the numbers seem low, but in the 1960s, this was unmatched performance.
A first for any road vehicle was the engine’s quad overhead camshafts, rear-mounted transaxle, limited slip differential and rear independent suspension. It was also very small and light, only being 49 inches tall and weighed less than 2,600 pounds.
The exterior of the NART Spider was unique. It had a longer nose that had a slight bulge to accommodate the quad cam and six carburetor stacks. This particular model had the very rare optional chrome wire wheels and front bumper bar and an oval slatted grille. On the rear was a tail flip that doubled as a spoiler and exhaust baffle that greatly lessened the fumes from entering the cabin.
The interior was a simple design with low-back ribbed tan bucket seats. The three-spoke steering wheel had a wooden rim and matching leather wraps the console, door panels, sills and dash.
With the top up and only two small seats, it would be a tight fit for today’s average sized American. But, the driver’s visibility is excellent.
Earlier racing prototype models were all destroyed after each season. This was to prevent industrial spying and to reinvest the scrap metal’s value. This could be one reason for the high sale price of the NART Spiders.
Featured Image Credit: TopSpeed.com