Ferrari 335S wins Best of Show at Concorso d‘Eleganza Villa d’Este 2018

Ferrari 335S wins Best of Show at Concorso d‘Eleganza Villa d’Este 2018

Ferrari 335S wins Best of Show at Concorso d‘Eleganza Villa d’Este 2018

$RACE

Last Sunday, a 1958 Ferrari 335S from Austrian collector Andreas Mohringer won the prestigious Best of Show award at the 2018 Concorso d’Eleganza Villa d’Este.

The rare Ferrari Golden Era race car, 1 of 4 built, was one of 51 cars participating in the event and is now the 5th Italian car named Best of Show in the last 5 years.

The car’s Scaglietti-designed body is very sexy, but what led by Fiat Chrysler Automobiles (NYSE:FCAU) design chief Lorenzo Ramaciotti was its rarity and engineering.

“The Ferrari 335S was one the most powerful sports car from this marque and for a long time, also the fastest,” Mr. Ramaciotti explained. “Then there was the fact that the recently completed restoration had been carried out to the very highest standards.”

Begun as the 315S, the evolved 335S features a 4.0-liter V-12 delivering close to 400 hp, very high for the time. It powered the 335S to set an average speed of over 124 mph in the 24 Hours of Le Mans way back in Y 1957.

Mr. Mohringer bought his in late Y 2013 for $21.5-M in a private treaty transaction. His is the latest of the 4 335 S examples produced by the Maranello outfit. One of the other 335S in Y 2016 sold for $36-M the 2nd highest priced car ever to hammer at auction.

The history of Mr. Mohringer’s 335S.

Known as the “wandering Ferrari” in Y 1963 was bailed out of a US Customs warehouse in New York for $1,000.

Following its motorsport career, Ferrari through it US distributor Luigi Chinetti Motors (NY) sold the car to Texan Alan Connell.

Then in Y 1959 Mr. Connell shipped the car back to Ferrari for some engine work. It is thought the repairs cost so much that both Messrs Chinetti and Connell refused to claim the car from customs upon its return.

Enter Gordon Tatum, a Maryland car dealer. Some how he found it and paid the storage fee of $1,000 and took ownership. Since then it’s had owners in the UK and Japan and now in Austria.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 130.25  30 May 2018 3.23 129.62 130.99 128.81 407,100
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.25) Neutral (0.15) Neutral (0.17) Bullish (0.42)

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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