This 1950 Ferrari 166 MM is 1 of the iconic Italian automaker’s earliest cars and was driven in some of history’s most important races.
It started out as a ‘barchetta’, which means it had no roof, and was owned and driven by famed coachbuilder Nuccio Bertone at the legendary Mille Miglia race in Y 1950 and 1951.
Gooding & Co described the 166 MM as “1 of the last great unrestored Ferraris ever offered at auction.”
This Ferrari 166 MM is poised to become one of the stars of Gooding & Co’s Pebble Beach auction, which takes place on 20-21 August.
The car began life as a Touring-bodied Barchetta, in which guise it was campaigned by Bertone at the Mille Miglia in both 1950 and 1951. The following year chassis 0046 carried then-owner Emilio Giletti to victory in the Italian Sports Car Championship’s 2-litre class.
By Y 1953 the car had been bought by Milanese driver Luigi Bosisio, who shipped the Ferrari to Zagato to have it transformed into a closed Berlinetta.
It was entered into that year’s Mille Miglia before being exported to the United States towards the middle of the decade.
The Ferrari is 1 of the most original of its type thanks to being placed into storage in Y 1967, and is expected to fetch between $6-8-M on the block.
Despite it’s big price tag, the 166 MM is likely to be eclipsed by one of the 1st short-wheelbase Competition 250GTs built, which has been tipped to achieve as much as $18-M.
The 1960 example was raced at Le Mans by Ed Hugus and Augie Pabst as part of that year’s NART entry, eventually finishing 7th overall, 2 places behind the sister car driven by George Arents and Alan Connell Jr.
The alloy-bodied Scaglietti racer boasts matching-numbers engine and gearbox and Ferrari Classiche certification following an extensive restoration at the hands of marque specialist GTO Engineering, with whom it has been maintained since.
An even greater sum could be achieved by a 1959 Ferrari 250GT LWB California Spyder Competition, which could top $20-M, 1 of 9 alloy-bodied examples, it has an outstanding race history, including placing 5th at the 1960 12 Hours of Sebring.
In addition to its successes on the track, the Ferrari also picked up a Platinum Award and Competition Cup at the Cavallino Classic in Y 2011.
For the full description of Gooding & Company’s offering at Pebble Beach this year go to: Gooding & Co Auctions
|NYSE:RACE||47.95||10 August 2016||0.49||47.93||48.12||47.74||350,300|
|HeffX-LTN Analysis for RACE:||Overall||Short||Intermediate||Long|
|Bullish (0.35)||Bullish (0.44)||Bullish (0.40)||Neutral (0.22)|
Latest posts by Paul Ebeling (see all)
- Crude Oil Glut Widens, Saudi Arabia ‘Jawbones’ Prices - October 23, 2016
- Changing Lifestyle Can Extend Your Life - October 22, 2016
- F1: Lewis Hamilton Starts the US GP from the Pole Position - October 22, 2016