No reserve 365 sold at NEC Yesterday

rustytractor · Nov 15, 2015

This was a decent but far from perfect car, as with all cars which aren't regularly used it had issues, not least a banana shaped rear bumper. The original owner was the boxer Henry Cooper.

Oddly, the bidding went up to £39k before the high bidder retracted his bids saying he was bidding on the wrong car (?) so after some confusion it dropped back to somewhere in the early to mid £20k's and ended up being sold for around £26k plus commission making it circa £31k in total.

I was sorely tempted but didn't buy - I'm sure I'll regret it soon enough (sort of do already if I'm honest).

https://www.silverstoneauctions.com/1973-ferrari-365-gt4-2-2

samsaprunoff · Nov 15, 2015

Good day Russell,

Indeed, you should have bought it! Overall the car looks well preserved and well looked after. Indeed, it will need refreshment, but it certainly looks to be a solid foundation and a great driver!

Cheers,

Sam

samsaprunoff · Nov 15, 2015

Good day All,

Just adding documentation...

Cheers,

Sam

1973 Ferrari 365 GT4 2+2
Color: Red Exterior with (Dark?) Tan Interior
Mileage: ?
Location: UK
Chassis: 17175
Auction (Sold): 30,938 GBP ($47125 USD)

Registration: SPD 606L
Chassis Number: F101AL17175
Engine Number: Not Specified
Number of cylinders: 12
CC: 4390
Year of Manufacture: 1973
Sold for (£): 30,938
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In 1972, at the Paris Auto Salon, Ferrari unveiled an all new series to the world. It was a fast, svelte and elegant 2+2 powered by the classic VI2 engine, and through various iterations remained the most expensive model in Ferrari's range for the next 17 years. First available as the 365 GT4 2+2, it was followed in later years by the 400 and 412 series, with production ending in 1989. The 365 GT4 2+2 is easily distinguished from its stable mates by its six rear tail lights, knock off alloy wheels and lack of a front spoiler and 521 were produced between 1972 and 1976, only 55 being in right-hand drive.

The bodies were formed and fully trimmed at the Pininfarina works in Turin, and then shipped to the Ferrari factory in Maranello for the installation of the mechanical components. Under the bonnet, Ferrari squeezed in their 4.4 litre V12 unit producing 340bhp at 7000rpm, making it , at the time, the world's most potent full four-seater. Despite its 1450 kilos, the car sprinted from 0 to 60 mph in just 6.4 seconds and was capable of a top speed of 155 mph.

This wonderful example was owned in the early 1980s by none other than boxing legend Sir Henry Cooper. Famous for his knockdown of the young Muhammad Ali, they became great friends, as titans and two of the greatest boxers in the world. Following his retirement from the sport, 'Our Enry' continued his career as a television and radio personality, and to date is the only boxer to be awarded a knighthood. He loved his cars, was a great motor sport enthusiast and at one point did some Club racing alongside his great friend Graham Hill. A copy of the V5 shows Henry as the keeper, listing his home address in Hendon, North London. Numerous marque specialists have also known this car as 'Enry's Ferrari'.

Fast forward to the present day, this 60,000 mile car presents beautifully, finished in Rosso with complementing immaculate tan hide. The substantial history file, with lots of receipts and MoTs dating from 1986, shows significant ongoing maintenance over the years and the car is currently MoT'd until March 2016. A full toolkit and jack also accompany the car. The current vendor recently instructed marque specialists to carry out brake calliper and clutch works, ensuring that this elegant bruiser is boxing clever.

It should be noted that this car has the pedigree of the prancing horse, the presence of a heavyweight and the provenance to ensure it is a sound investment as well as a driver's car, and is on offer at No Reserve.
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Nathan76 · Nov 15, 2015

The 400 GT didn't even sell.
Either not a great sale or not a great market at the minute as both well under current UK asking prices for both.

wda24729 · Nov 15, 2015

I think it might be a trend in the UK at present, not many of these selling and £30k for that 365??? Compare that to the Gullwing Cars 365 for $60k

The 400 convertible at Barons didn't get anywhere either!

Somersett · Nov 15, 2015

I went to look at this car a few weeks ago with a view to buying it. Unless a great deal of work

had been carried out in the interim it sold for a good price considering its condition. The photos

flatter it greatly except for the interior which was ok albeit needing some tidying,new carpets

etc. Mechanically it seemed to need everything, it took a while to start and then only ran on

10 or 11 while blue smoking heavily from the left bank. I was unable to drive it as the clutch

was slipping and from the amount of oil that was dripping out from the bell housing I assume

this was due to a bad rear crank seal. The suspension need everything with uneven damping

on each corner and suspension bushes badly rotted. The exhaust looked ropey too. The body

had evidence of poor repairs and filler, the respray was of poor quality and there were bubbles

coming up in places including a hole in the n/s rear wheel arch lip. Underneath, the arches

sills and other areas were crusty and hinted at a lot of work to make it a good car. Even the

Henry Cooper connection appeared to be only a fleeting ownership in the early 80's. I put

in an offer of 22k on the car and was turned down. in my opinion it would have taken a bare

metal engine out full mechanical rebuild to make it a good car. I think the seller got a more

than fair price for it and I hope it has gone to a sympathetic owner who will enjoy restoring

its fortunes.

Ramboy · Nov 15, 2015

Somersett said: ↑

I went to look at this car a few weeks ago with a view to buying it. Unless a great deal of work

had been carried out in the interim it sold for a good price considering its condition. The photos

flatter it greatly except for the interior which was ok albeit needing some tidying,new carpets

etc. Mechanically it seemed to need everything, it took a while to start and then only ran on

10 or 11 while blue smoking heavily from the left bank. I was unable to drive it as the clutch

was slipping and from the amount of oil that was dripping out from the bell housing I assume

this was due to a bad rear crank seal. The suspension need everything with uneven damping

on each corner and suspension bushes badly rotted. The exhaust looked ropey too. The body

had evidence of poor repairs and filler, the respray was of poor quality and there were bubbles

coming up in places including a hole in the n/s rear wheel arch lip. Underneath, the arches

sills and other areas were crusty and hinted at a lot of work to make it a good car. Even the

Henry Cooper connection appeared to be only a fleeting ownership in the early 80's. I put

in an offer of 22k on the car and was turned down. in my opinion it would have taken a bare

metal engine out full mechanical rebuild to make it a good car. I think the seller got a more

than fair price for it and I hope it has gone to a sympathetic owner who will enjoy restoring

its fortunes.
Click to expand...

I also had a good look at the car yesterday and can definitely agree that the body needed a lot of work. As Somersett points out, despite the auctioneer stating that Henry Cooper owned it from new, in fact he bought it secondhand in the 1980s from Graypaul. He didn't like it - it kept cutting out in traffic - lucky he was strong enough to push it out the way of other cars!

On the plus side it does still have its original engine and the interior wasn't too bad.

The 400iGT in the sale looked very nice though - body and paint were hard to fault, and the interior was in good condition and original. There were stacks of recent invoices but I couldn't find the original service book or any invoices prior to its export to New Zealand in the 1990s.

Ashman · Nov 15, 2015

Somersett said: ↑

I went to look at this car a few weeks ago with a view to buying it. Unless a great deal of work

had been carried out in the interim it sold for a good price considering its condition. The photos

flatter it greatly except for the interior which was ok albeit needing some tidying,new carpets

etc. Mechanically it seemed to need everything, it took a while to start and then only ran on

10 or 11 while blue smoking heavily from the left bank. I was unable to drive it as the clutch

was slipping and from the amount of oil that was dripping out from the bell housing I assume

this was due to a bad rear crank seal. The suspension need everything with uneven damping

on each corner and suspension bushes badly rotted. The exhaust looked ropey too. The body

had evidence of poor repairs and filler, the respray was of poor quality and there were bubbles

coming up in places including a hole in the n/s rear wheel arch lip. Underneath, the arches

sills and other areas were crusty and hinted at a lot of work to make it a good car. Even the

Henry Cooper connection appeared to be only a fleeting ownership in the early 80's. I put

in an offer of 22k on the car and was turned down. in my opinion it would have taken a bare

metal engine out full mechanical rebuild to make it a good car. I think the seller got a more

than fair price for it and I hope it has gone to a sympathetic owner who will enjoy restoring

its fortunes.
Click to expand...

This, my friends, is why lots of good looking internet pictures and a flowery description of lots of maintenance receipts don't mean ****. Buying a car sight unseen over the internet or without a proper inspection at an auction is playing Russian Roulette.

rustytractor · Nov 15, 2015

I agree that it needed a lot of work.

I decided that I'd bid by phone up to £20k max (plus fees) and when it passed that figure I kept um-ing and err-ing just to keep the guy on the phone so I could hear the final sale figure.

Having heard the experiences of the test drive reviews here I was about right.

samsaprunoff · Nov 19, 2015

Ashman said: ↑

This, my friends, is why lots of good looking internet pictures and a flowery description of lots of maintenance receipts don't mean ****. Buying a car sight unseen over the internet or without a proper inspection at an auction is playing Russian Roulette.
Click to expand...

Good day John,

You are so right... the pictures did present the car quite well...

Cheers,

Sam

OttoB · Nov 2, 2016

Just saw it pop up again for sale by Coy's in the UK...

https://www.hemmings.com/classifieds/dealer/ferrari/365gt/1886544.html

Who's idea was it to paint the bumpers red? I mean, its called Google!

Bruno Teri · Dec 7, 2016

For the Ferrari Experts out there.
Does any one know the history of these 2 Ferraris SPD 606L sold at the NEC Silverstone Auction November 2015
And CCZ 365 recently sold at Coys Auction 5th December 2016

Ramboy · Dec 7, 2016

Bruno Teri said: ↑

For the Ferrari Experts out there.
Does any one know the history of these 2 Ferraris SPD 606L sold at the NEC Silverstone Auction November 2015
And CCZ 365 recently sold at Coys Auction 5th December 2016
Click to expand...

You can PM me if you have a specific question or concern. I know the car and its history. Not everything was correct in the Coys description but it is true that it was once owned by Henry Cooper (I have a photo of him collecting it from Graypaul's in 1982).

Hammer price was £50,000 at Coys on Monday.

It's Ross · Dec 7, 2016

" the bidding went up to £39k before the high bidder retracted his bids saying he was bidding on the wrong car"
Oops, so sorry. Is this MY car I've bid for?

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