RM Auctions, Portola Hotel, Monterey, California, August 17-18, 2012
Report and photos by Rick Carey, Auction Editor
RM scored two of the epic transactions in Monterey this year. The first was the Mirage/Ford GT40 for a cool $10 million hammer, $11 million with commission, a Friday evening result that reset expectations across the Monterey auction blocks by vastly exceeding it $7.4 million reserve in a bidding contest between two bidders in the Convention Center. Many necks were stiff and sore on Saturday morning after twisting and craning trying to make out who the bidders were, a question that is still unresolved for most.
The other was less momentous in dollars but if anything even more exceptional, the ‘Chairs and Flares’ 246 GTS Dino that brought $425,000 hammer, $467,500 with commission, also Friday evening. While Mirage/Ford GT40 values are subject to a large discretionary range based on many subtle, subjective factors, 246 GTS Dinos are (and were in the Monterey auctions) everywhere, with plenty built and most surviving. For one to sell for 41.7% over its low estimate – probably 50% over its reserve – was unprecedented.
Those weren’t the only exceptional results at RM, but they contribute to imparting the flavor of the two day sale.
There were a lot, I mean a lot, of cars at Monterey and it takes a while to compile them all for presentation on Sports Car Digest. We’ve taken the expedient course of presenting then in two tranches as batches of cars in various auctions are completed. This is the first group of RM cars and the rest will be added soon.
The numbers for the RM Auctions Monterey 2012 sale are presented below; the overall stats for the other Monterey auctions can be found here.
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RM Auctions Monterey 2012 – Auction Report
Lot # 117 1955 Ferrari 410S Berlinetta, Body by Scaglietti; S/N 0594CM; Engine # 0594CM; Ivory/Blue leather; Competition restoration, 3+ condition; Hammered Sold at $7,500,000 plus commission of 10.00%; Final Price $8,250,000 — RHD. Silver painted Borrani wire wheels, 6.00L-16 Dunlop Racing tires, Plexiglas sliding side windows, left fender scoop, covered headlights, Marchal driving lights in grille, outside fuel filler, no bumpers. One of four 410 Sports built, one of two with single ignition heads and 345hp engines. The only Scaglietti bodied coupe, and one of Scaglietti’s first independent designs, a particularly aggressive and purposeful design. First owned by Michel Paul-Cavallier, later owned by Pierre Bardinon and John Bosch. Good older restoration with a more recent high quality repaint. Interior shows age and use. Exterior has a few small door edge nicks. Wire wheels are grimy at the hub and rim. Bright aluminum trim is scuffed and dull. Engine and underhood are very clean and orderly. A great driving machine. Not as glamorous as a California Spider, but an epic example of Ferrari history with several singular attributes, most notably its big 4,962cc Lampredi engine and one-off Scaglietti coachwork. When rarity and performance are factored into the value equation this should have been the most valuable Ferrari in Monterey this week. The fact that it wasn’t reflects not at all on the car, and makes its result something of an opportunistic purchase.Lot # 121 1938 Talbot-Lago T23 Teardrop Coupe, Body by Figoni & Falaschi; S/N 93064; Lago Blue/Red leather; Estimate $2,500,000 – $3,500,000; Recent restoration, 1- condition; Hammered Sold at $2,400,000 plus commission of 10.00%; Final Price $2,640,000 — RHD. Body color wire wheels, blackwall tires, Marchal headlights and fog lights, sliding sunroof, skirts, chrome rear fender gravel shields. The only Figoni & Falaschi ‘Jeancart’-style teardrop built on the T23 2,950mm wheelbase chassis. Restored in the mid 00’s for John O’Quinn in France, later updated in the UK. Very good paint, chrome, upholstery, interior trim and wood. Chassis is restored but not to the same standard. Sold to John O’Quinn by RM at Amelia in 2006 in neglected older cosmetically restored condition for $2,145,000, then to the seller here after the French restoration at RM’s London auction in 2010 for $2,828,135. Bidding here opened at $1 million, then jumped immediately to $2 million on the phone. A particularly pretty automobile which brought a representative price. consistent with its history.Lot # 125 1932 Packard Twin Six Sport Phaeton, Body by Dietrich; S/N 900331; Dark Violet/Taupe leather; Grey cloth top; Estimate $1,100,000 – $1,400,000; Concours restoration, 1- condition; Hammered Sold at $860,000 plus commission of 10.00%; Final Price $946,000 — Chrome wire wheels, dual enclosed sidemounts, Pilot-Rays, rollup rear windshield with large windwings front and rear. An original 1932 Twin Six Dietrich Sport Phaeton. 1932 body installed on a new 1938 Twelve chassis, then mounted on this 1932 chassis for Bob Bahre, completed by Dick Dewey and toured for many years. Restored by RM for Lee Herrington and a Gwen Graham award winner at Pebble Beach. CCAA National First Prize number 2039; AACA Junior and Senior. Chassis paint is cracked at joints and on the springs. Body paint, chrome and interior are still excellent. John M. O’Quinn estate. Sold by RM at Amelia to O’Quinn for $1,650,000, the restoration is starting to age in detail and the bidders siezed upon its shortcomings to acquire one of only two known examples of this coachwork on the Twin Six chassis for an opportunistic price. It is a good value, even with the cracking paintwork.Lot # 126 1931 Cadillac 452 V-16 Special Dual Cowl Phaeton, Body by Fleetwood; S/N 702677; Engine # 702677; Ochre/Tan leather; Tan cloth top; Estimate $650,000 – $850,000; Older restoration, 1- condition; Post-block sale at $422,727 plus commission of 10.00%; Final Price $465,000 — Chrome spoke wire wheels, dual side whitewalls, dual enclosed sidemounts with mirrors, dual windshields, windwings, Pilot-Rays, trunk rack, radiator stoneguard. Concours quality older restoration done by Harrah’s in the 80’s with good paint that unfortunately is cracking and touched up along the beltline molding. Chrome is generally good but some is starting to age. Good interior. Documented history since the 1950’s, one of three Fleetwood dual cowl phaetons on the 452 V-16 chassis. Bid to $495,000 on the block but closed later at $465,000 all-in. It will be a splendid tour car, with a long, happy life before it until it becomes a candidate for another restoration. The new owner should be very happy with the value of this car at this price.Lot # 132 1991 Ferrari F40; S/N ZFFMN34A2M0089441; Red/Red cloth; Estimate $650,000 – $725,000; Unrestored original, 2- condition; Hammered Sold at $650,000 plus commission of 10.00%; Final Price $715,000 — Assembly #7866. 4-point competition belts, factory belts removed but included. 4,810 miles and four owners from new. Interior virtually unused. Engine nearly like new and only a little dusty. Good original paint and interior. There are so many ‘no miles’ F40’s around that this 4,810 mile car seems almost used. Its interior, though, has avoided the frequently seen bolster abrasion and it appears to be exceptionally well maintained. This is a representative price for Enzo’s last supercar.Lot # 133 1938 Horch 853A Special Roadster, Body by Erdmann & Rossi-J.Neuss; S/N 854275; Silver, Light Grey/Blue-Grey leather, Brown alligator; Grey cloth top; Estimate $6,000,000 – $8,000,000; Concours restoration, 1 condition; Hammered Sold at $4,700,000 plus commission of 10.00%; Final Price $5,170,000 — Dual spotlights, louvered rear wheel skirts, enclosed rear spare inset in the rear deck, chrome wire wheels, blackwall tires. 2004 Pebble Beach Best of Show winner followed by Best of Shows at New York City, Meadow Brook, Glenmore, Ault Park and Greenwich, the last earlier this year. Beautifully liveried and complemented by a fabulous interior accented by elaborately figured Circassian walnut trim. A worthy competitor to its competitors from Mercedes-Benz let down only in detail by its 120hp 5-liter engine. For sale at $4.4 million, a big gap from its estimate. Nothing, however, should detract from its presence, a car that was singularly attractive when seen for the first time after its restoration in the chill mists of the 2004 Pebble Beach Tour d’Elegance and still stands as one of the outstanding cars of the Classic era.Lot # 139 1968 Ford GT40 Gulf/Mirage Lightweight Racing Car, Body by ; S/N P/1074(M.10003); Gulf Blue, Orange stripes/Black cloth; Competition restoration, 2- condition; Hammered Sold at $10,000,000 plus commission of 10.00%; Final Price $11,000,000 — RHD. Orange centerlock alloy wheels, sliding side windows, 289 Ford with Gurney-Weslake heads and Weber carburetors. Built as a 1967 Mirage, then converted to GT40 specs in 1968, retaining several significant Mirage attributes. Raced by Jacky Ickx and Dr. Dick Thompson to win at Spa, later won at Montlhèry. As a GT40 it won Monza (Hawkins/Hobbs) then second at Watkins Glen. Roof removed in 1970 to serve as a camera car for ‘Grand Prix’. Finally returned to GT40 configuration for Sir Anthony Bamford in 1972 but with inconsistent details. Re-restored by Harley Cluxton in 2002. Includes the original Mirage body. Very good paint and interior. Engine and chassis clean and fresh. Rear body corners chipped. Windshield delaminating and not securely glued. A car with many lives, seemingly all of them in one aspect or another represented in its present configuration. Bidding opened at $4 million. Reserve off at $7.4 million. Two bidders in the room put on a breathtaking display of determination that brought an exceptional, even huge, result. As the reserve indicates, this is a decidedly generous price, a third above the reserve, particularly for a car that is a Ford, or is it a Mirage?Lot # 142 1929 Duesenberg Model J Sport Sedan, Body by Murphy; S/N 2132; Engine # J-151; Dark Blue, Blue leather padded roof/Grey leather; Estimate $800,000 – $1,000,000; Concours restoration, 1- condition; Hammered Sold at $900,000 plus commission of 10.00%; Final Price $990,000 — Chrome wire wheels, blackwall tires, Blue leather trunk, rear side window and rear window pulldown shades. Excellent paint, chrome, upholstery, interior trim and wood. Firewall #2132, front frame stamping not visible. Sharp and clean underhood with only the barest fuel and oil seepage. A concours Duesenberg with the barest hint of age and use despite being restored in the 1980’s. Owners include the Norris family from new until 1985, then John Mozart, Jerry Moore and Dr. Joseph Murphy. An exceptional example of Murphy design with steeply raked vee windshield and close coupled passenger compartment. Offered by Christie’s at Pebble Beach in 1991 where it no-saled at $484,000, sold by RM at Amelia in 2000 for $522,500. It’s had lots of mechanical attention from Brian Joseph since then, contributing to a sense of security for the bidders who pushed it to nearly double its price a dozen years ago. A beautiful, early J that is fully priced for its closed coachwork.
RM Auctions Monterey 2012 – Auction Report Page Two
Lot # 143 1936 Delage D6-70 Milord Cabriolet, Body by Figoni & Falaschi; S/N 50607; Dark Blue, Cream/Dark Blue leather; Dark Blue cloth top; Estimate $1,250,000 – $1,750,000; Recent restoration, 1- condition; Not sold at Hammer bid of $1,100,000 — RHD. Marchal headlights, 3-position top, folding windshield, steel spoke wheels, hubcaps, trim rings, whitewall tires, enclosed rear spare. A concours winner when it was new, restored to concours standards. Excellent paint, chrome and interior. Chassis shows a little age and use, but not much. An attractive Delage, but its Figoni & Falaschi coachwork is elegant but practical, not the flamboyant streamlined designs that are Figoni’s signature achievement. The reported high bid should have been more than enough to see it on to a new home.Lot # 214 1955 Aston Martin DB3S Sports Racer; S/N DB3S/118; Engine # VB6K/118; Orange/Blue leather; Estimate $3,500,000 – $4,000,000; Competition restoration, 3+ condition; Hammered Sold at $3,350,000 plus commission of 10.00%; Final Price $3,685,000 — RHD. Wraparound driver’s windshield, chrome spoke wire wheels. Excellent paint and interior. Overspray under the body suggests a recent repaint, supported by the age and evident use in the cockpit and trim. Uneven hood fit. Fitted with dual ignition head at the factory for first owner Hans Davids. Later brought to the US by Paul Hyatt and raced here by Fred Windridge for him and later by Bob Oker for Joe Lubin. Little used since restoration. Impressively preserved with its original engine and no significant damage during its life. One of the more rare of historic sports-racers and distinctively styled by Frank Feeley with cutaway front fenders and the first use of Aston’s characteristic radiator air intake shape. The DB3 and 3S were not much of a success on the track when new, however, but that hasn’t lessened their appeal, as this result indicates. This is a premium over a Jaguar C-type, a value relationship that isn’t unreasonable based on rarity and appearance.Lot # 219 1930 Isotta-Fraschini Tipo 8AS Boattail Cabriolet, Body by Castagna; S/N 1581; Engine # 1599; Pale Green, Medium Green fenders/Green leather; Green cloth top; Estimate $1,750,000 – $2,500,000; Concours restoration, 1 condition; Not sold at Hammer bid of $1,450,000 — RHD. Chrome wire wheels, wide whitewalls, radiator stoneguard, dual rear spares, airfoil step plates, Grebel headlights and spotlight, intricate interior woodwork. Owned for many years and actively toured by Sergio Franchi. Restored years ago for Franchi, recently redone and took second in class at Pebble Beach in 2009 followed by Best in Show at the Newport Concours. Concours restoration with excellent paint, chrome, upholstery, interior trim and woodwork. Purchased from the Franchi family at Christie’s Greenwich auction in 2006 for $658,500 when its restoration was both aged and well used by Franchi, today it is beyond perfect, an over-restored example of the restorer’s art. While well short of RM’s estimate, the reported high bid is a realistic offer for this car’s history, coachwork and condition.Lot # 221 1965 Ferrari 275 GTB Berlinetta; S/N 06681; Engine # 06681; Red/Black leather; Estimate $950,000 – $1,150,000; Recent restoration, 2+ condition; Hammered Sold at $1,075,000 plus commission of 10.00%; Final Price $1,182,500 — Chrome spoke Borranis, Michelin XWX tires, Blaupunkt multi-band radio. Short nose body. Restored by Shelton Ferrari, Platinum and Coppa Bella Machina at Cavallino in 2004 and 2005. Odometer shows 34,636 original miles. Excellent paint, chrome and interior all look fresh. Engine and underhood are like new with only a little fuel and oil residue from light use. Beautifully restored and presented in original colors. Not too long ago this much money would have bought a very good 4-cam 275 GTB. Recent transactions, however, make this result more representative for such a fine example, but still a bit on the pricey side.Lot # 223 1931 Rolls-Royce Phantom II Henley Roadster, Body by Brewster; S/N 255AJS; Engine # E95B; Olive, Light Olive accent, Brown fenders/Brown leather; Tan cloth top; Estimate $750,000 – $950,000; Visually maintained, largely original, 3- condition; Hammered Sold at $625,000 plus commission of 10.00%; Final Price $687,500 — Orange wire wheels, wide whitewalls, dual sidemounts with mirrors, Trippe light, rumble seat, remote spotlight, overdrive. Cracking old repaint, sound interior, soiled top. Other than the repaint and replaced interior this is a remarkable old, original car with a 1978 mechanical restoration by Frank Cooke. The chassis is grimy but not gross. There is much to like about this car, from its spectacular Henley Roadster coachwork through its Frank Cooke preparation to its originality. It’s eminently usable as it sits and its return will be welcomed at R-R events. The new owner got lots of automobile, and even more R-R history, for this price.Lot # 224 1938 Alfa Romeo 6C 2300B Mille Miglia Berlinetta, Body by Touring; S/N 815025; Engine # 823040; Maroon/Cognac leather; Estimate $2,200,000 – $2,800,000; Recent restoration, 1 condition; No Result — RHD. Silver painted wire wheels, 5.50-18 Blockley blackwall tires, Siata adjustable shocks, slotted rear wheel skirts, Carello headlights. Concours quality paint, chrome and interior. Engine #823040 but 823023 on data plate. Engine is better than new. On-site but not included in RM’s reported results. There is no explanation in the RM Errata and Addenda notes, but it might have something to do with its ‘found in Argentina’ history. It was offered at the Kruse Monterey auction in 2006 where it was reported sold for $426,600.Lot # 226 1967 Ford GT40 Mark I Coupe; S/N P/1059; Pearl white, Blue stripe/Black vinyl; Estimate $2,300,000 – $2,700,000; Unrestored original, 3+ condition; Hammered Sold at $2,600,000 plus commission of 10.00%; Final Price $2,860,000 — RHD. Silver painted wire wheels, Goodyear Blue Streak tires, 289 Ford with four Webers. Originally an opalescent maroon street car but given its livery by Kar Kraft prior to being used in Ford’s promotion program. First owned by Stark Hickey Ford in Detroit, later by Herb Wetanson and Dr. Jack Frost. Cracked but sound 1985 paint, good, clean interior and engine. Cracked dash top. A lovely, mostly original car with 4,750 miles from new and just two private party owners. Even carrying a significant premium for originality, concise ownership history and low miles, this looks like a much better buy than the Mirage-GT40 1074 that sold for $10 million. The seller benefited from the buzz that still resonated in the Portola’s conference center ballroom.Lot # 228 1960 Aston Martin DB4GT Coupe; S/N DB4GT/0104/L; Sea Green/Off White leather; Estimate $1,500,000 – $1,900,000; Older restoration, 3+ condition; Hammered Sold at $1,850,000 plus commission of 10.00%; Final Price $2,035,000 — Chrome spoke Borrani wire wheels, Avon radial tires. Restored in the early 90’s in its original colors and still exhibiting good paint and major chrome but has pitted trim chrome inside and out. The Off White seats and Sea Green carpets show age and use. Seats should have been cleaned Before coming to the auction. Chassis is well restored but beginning to look used. This result is, by far and away, a record price for a factory bodied DB4GT. The only comparable results have been for Zagato-bodied examples. Enter it in the record books and reset expectations even though it is exuberantly expensive.
RM Auctions Monterey 2012 – Auction Report Page Three
Lot # 229 1929 Duesenberg Model J Disappearing Top Convertible Coupe, Body by Murphy; S/N 2134; Engine # J-108; White/Cognac leather; Estimate $1,800,000 – $2,400,000; Concours restoration, 1 condition; Hammered Sold at $1,725,000 plus commission of 10.00%; Final Price $1,897,500 — Chrome wire wheels, blackwall tires, dual sidemounts with mirrors, single Pilot-Ray, rumble seat, driver’s side tinted glass visor, Watson Stabilators. Concours restoration with excellent cosmetics and only the barest hint of any use. The first custom-bodied Duesenberg J delivered by the factory. Early disappearing top convertible body by Murphy with flat raked windshield and center spline down the rear deck. Original owner was Mrs. Harry Robinson of LA, used in ‘The Gay Divorcee’ with Ginger Rogers and most recently restored in 2010 by Fran Roxas. A handsome, rare, early Model J with unusual monotone paint on the body and chassis. A great car with a great history in one the most collectible Duesenberg body styles. It is no bargain at this price, but it is a lot of automobile.Lot # 231 1956 Ferrari 250 GT TdF Berlinetta, Body by ; S/N 0585GT; Engine # 0585GT; Red, Blue and White stripes/Cream, Blue leather; Competition restoration, 2+ condition; Hammered Sold at $6,100,000 plus commission of 10.00%; Final Price $6,710,000 — Silver painted Borranis, Dunlop Racing tires, covered headlights recessed in fender noses, dark blue carpets, grille-mounted driving lights, 14 louver sail panel. Replacement transmission. First owned by Tony Parravano but without any racing history of note. Later used in ‘The Love Bug.’ Restored like new with better paint. Shows only limited use. Ferrari Classiche certified with the original gearbox supplied with it. Restored by DK Engineering, recently freshened by Junior’s House of Color and looks gorgeous. For a TdF with no race history to speak of, even beautifully restored in a highly desirable body configuration, in an increasing market for Fifties Ferraris this result is not just an increase, it is a quantum leap. The implications for the market are substantial, as other Ferraris demonstrated here in Monterey this week.Lot # 235 1960 Plymouth XNR Concept; S/N 9999997; Red/Black leather; Concours restoration, 1- condition; Hammered Sold at $850,000 plus commission of 10.00%; Final Price $935,000 — Spinner wheel covers, narrow whitewalls, Slant six, 3-speed, driver’s curved windscreen, small aeroscreen for passenger, driver’s head fairing. Conceived by Virgil Exner, built by Ghia with all steel panels. Sold to the Shah of Iran and remained in the Middle East until 2008. Restored better than new. Pretty instrument panel with SW instruments. Chassis shows a little age and use. 2011 Pebble Beach GT Trophy winner. The unique asymmetrical steel coachwork is handicapped by the Slant Six engine and this is a reasonable price for the car, even with its colorful history.Lot # 239 1967 Ferrari 275 GTB/4 Berlinetta; S/N 09523; Engine # 09523; Blue Sera/Tan leather; Estimate $1,200,000 – $1,600,000; Older restoration, 3+ condition; Hammered Sold at $1,350,000 plus commission of 10.00%; Final Price $1,485,000 — Chrome spoke Borrani wire wheels, Michelin XWX tires. Good older paint and interior. Cracked window seals. Dusty, used engine. Good trim chrome. Scuffed sill chrome trim. A great 4-cam driver. This looks positively a bargain next to the $1,182,500 paid for the 2-cam s/n 06681 a little over an hour ago, which may help explain how even a period as short as Monterey’s four days can adjust expectations. Unlike the 2-cam, though, this result is consistent with recent 4-cam transactions although a little generous for its condition.Lot # 240A 1962 Ferrari 250 GT SWB California Spider, Body by Pininfarina; S/N 3119GT; Red/Beige leather; Black cloth top; Estimate $7,500,000 – $900,000; Older restoration, 3+ condition; Hammered Sold at $7,800,000 plus commission of 10.00%; Final Price $8,580,000 — Chrome spoke Borrani wire wheels, Pirelli P5 tires, Marchal fog lights in grille, covered headlights. Good paint and chrome. Tired, lightly soiled interior. Good, flush panel fits, even gaps. Clean underbody and chassis. Class winner at Pebble Beach. Ferrari Classiche certified. Sold by RM in Arizona in 2000 for $1,265,000, then offered at Maranello in 2009 where it was a no-sale at $5,415,651. Looks much the same today as it did then, so this is the ‘new normal’ in SWB California Spider values, a value confirmed by other California Spider sales during Monterey week.Lot # 242 1963 Porsche 904/6 Carrera GTS Factory Works Prototype; S/N 906-002; Engine # 906-151; Silver, Red nose/Dark Blue cloth; Estimate $1,800,000 – $2,200,000; Competition restoration, 3+ condition; Not sold at Hammer bid of $1,575,000 — One of six 904/6s used by Porsche for development in 1963. Hillclimbed by Michel Weber in 1966 with two 1st places, raced by Ruedi Jauslin and Peter Ditzler in 1967, finishing 2nd in class at a 3-hour race at Hockenheim and third overall later at Hockenheim. Original engine plus a spare and other spares and documentation. Doesn’t appear ever to have been hit or abused. Good older paint and interior. Dusty underbody with age and some road grime. It is impossible to argue with the present owner’s conclusion to keep the car at the reported high bid.Lot # 245 1931 Pierce-Arrow Model 41 Convertible Victoria, Body by LeBaron; S/N 3050235; Engine # 325760; Khaki, Burgundy fenders and accent/Burgundy leather; Tan cloth top; Estimate $425,000 – $525,000; Recent restoration, 1 condition; Hammered Sold at $350,000 plus commission of 10.00%; Final Price $385,000 — Chrome spoke wire wheels, blackwall tires, dual sidemounts with mirrors, dual inside rear view mirrors, metal luggage trunk. Restored in the early 00’s, class winner at Pebble Beach in 2008 Concours standard restoration with two awards from the 2012 Burn Foundation Concours, best in class and best in show. The only known 1931 Pierce-Arrow Model 41 LeBaron Convertible Victoria. Chassis is presented like new without being overdone. A rare and very special automobile, but it is a Pierce, not a Packard, Cadillac, Duesenberg or even Marmon, which forever handicaps its value. That said, though, the new owner now owns a limited production, coachbuilt, powerful automobile of the highest quality for a relatively modest price and a good value.Lot # 249 1967 Ferrari 275 GTB/4 Berlinetta Special, Body by Allegretti; S/N 09813; Engine # 09813; Dark Red/Tan leather; Estimate $1,100,000 – $1,600,000; Older restoration, 2- condition; Hammered Sold at $1,350,000 plus commission of 10.00%; Final Price $1,485,000 — Chrome spoke Borrani wire wheels, covered head and fog lights, Marchal headlights, halogen fog lights, rollbar, sliding Plexiglas side windows. Created for Greg Garrison by Vaccari (new frame), Allegretti (carrozzeria) and Sport Auto combining GTO, Lusso and GTB/4 design cues to make an intriguing special. Very good paint, chrome, interior and glass. A remarkably pretty car with an intriguing history, but one that’ll never get Ferrari Classiche’s imprimatur. Described in the catalog as a ‘Competizione Speciale’ (with quotes), there’s nothing other than looks about this car that has the remotest link to competition. Acceptability in events might be problematic. The seller should be very satisfied with the price it brought.
