Where's Preston Henn's 275/GTB/C?

I was aware of the other two. Moving out of Ferrari or cars in general?

+6701

 

06885 should have gone back to Ferrari in Italy for a full restoration and be Classiche Certified to realise its FULL value, whatever that is, as should 06701 and have its non original 3 nose GTO like D vents filled in.

 

Steve: Just my opinion, but 6885 is so well documented (full disclosure, Preston hired Sue and I to inspect the car back in 1993) and has such a clean history that a Classiche restoration would only f--- it up. It is very well known to Marcel and other knowledgeable "experts". In my opinion, a Red book would not provide a significant increase in value to a potential buyer. Now, I will certainly agree that a very wealthy "newcomer" to Ferraris could be influenced by the Red Book certification.

 

I have a feeling Mr. Henn himself would be happy not to send the car to the generally money grabbing enterprise.

 

Couldn't agree more

Indeed

 

I wonder what the actual bid at Kissimmee last year was rather than the chandelier one? And post Monterey both #06701 and the NART Spider have taken a 20-30% haircut.

Also makes one wonder why they think Mecum Kissimmee is the place to sell a Porsche 917K, especially if it took Fiskens almost a year to sell a genuine Gulf 917K, surely at less than this one is apparently offered at. Either it sells way below its public estimate or it doesn't sell at all, either way it does the sale zero PR good

 

Again: There was NO bid. None. Period.
All smoke and mirrors.

Marcel Massini

 

Besides Dyke Ridgley in 1993, fchatter Harley E. Cluxton III and I were also hired by Preston (completely separate from each other), in 2012, in preparation for the trust set up.

There is also a very detailed, excellent book with 92 pages in color, and full details and history, by fchatter and legendary Prancing Horse mag designer Dave Williams about 06885, published 2013.

Marcel Massini

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In many cases this auction company buys cars of this caliber outright as inventory to promote their sales. Over time some of these cars seem to migrate to the collection of the principal? No inside knowledge, just my hunch.

Dave does exceptional work, he deserves more recognition. I believe that this book is still available at Blurb?

 

Dyke, my questions are not directed to you specifically, but I've often wondered if someone has collected proof of clear pattern that having Classiche Certification has actually increased/influenced the value of cars having it, i.e. owner or their representative trying to sell the car without a Certification for $XXX with no takers, but when obtaining the Certification the car sells immediately for $XXXX ? I
I'm sure there are some examples with checkered/questionable history/provenance that having them factory certified probably made the car(s) easier to sell, but what about all those with no major concerns ? Have those proven clearly more "valuable" after obtaining the "Book" ?

I've always viewed Classiche Certification equalling same as CPO certification from any manufacturers and knowing what or how little goes into those*, I can't help but think Ferrari Certification is nothing more than marketing tool giving those inexperienced "newcomers" warm & fuzzy feeling that they're buying another CPO.
But does it actually increase car's value or is it just another (marketing) perception ?

* I have several friends who do or have worked as mechanics/technicians at various brand dealerships telling me how easily & with little effort those CPO cert's are afforded, but apparently a lot people put plenty of faith into that marketing gimmick.

 

Timo: I do not know the answer to your question. I have no first hand knowledge of a specific cars value pre and post certification. What is important is the fact that, especially in the older, rarer cars, parts are now borrowed or rented and installed on the car to achieve certification, and once the Red Book is issued, the parts are returned to the donor car or are returned to the lender. People need to understand that certification reflects only a moment in time. There is no guarantee that a certified Ferrari is still in that condition a few weeks or years later.

 

Dyke, thanks for sharing your opinion, which I generally agree with and have always been believed in, especially having heard/read of numerous accounts in which components/parts have been "borrowed" for the certification.

And given examples we all have heard of or seen in the past, in which Factory restorations have made some obvious mistakes (or overlooked these "borrowed" details), I often wonder why anyone would advocate or let alone send their car(s) to the "Factory" for restoration (and especially since they don't actually seem to do the much of the work in-house anyway).

I also believe same "only a moment in time" should be applied & understood when it comes to Cavallino, FCA, etc awarding Platinum/Gold/Silver status at a given show/venue, yet people childishly/mistakenly often seem to think or choose/wish to believe a car having a "100 point Platinum" award is now somehow "Perfect" and/or "Just like when it left the Factory".

 

Yet it is. But lets not forget there were multiple American auction houses specialising in 200+ lots per day sales who have tried to play in the European style boutique auction spaces. Rick Cole (twice), Kruse (in different forms), Worldwide Group, RK Motors, Barrett-Jackson (born as a boutique auction house and now anything but, has had several goes at returning to its roots) and Mecum (this is their third go at offering boutique style lots).

IF RM and Gooding are struggling to sell cars above $10mm at Monterey/ Pebble, good luck to anyone else, they will need it

 

I have a copy, signed to me in Preston’s own unique way…..(profane).

 

Photo evidence please Jack or it does not exist.

 

Jack, I also have a signed 06885 book by David Williams with Preston‘s profanity along with Al Roberts’ signature as well as Tim Stanford’s signature.

Regards

 

Paul,
now you need to post a picture of yours, as well, so we can see which one we like better.
George

 

I'm curious. Let's say a perfect #1 275 GTB goes for $5 million. This car placed at Le Mans so that adds another $10 million to the value? I'm sensing some are saying this will be a $100 million dollar car? Is this the Preston Henn premium?

 

06885 is totally unique. It is different to any 275 GTB and can not be compared to one or even one of the 12 275 GTB/C cars and only shares the dashboard and windscreen from that car. Everything else is different. It was built by Forghieri's Race Department with a 275 P spec dry sump competition engine, magnesium transaxle, prototype drive shafts, totally different/thinner gauge alloy unique body shape and lightened and strengthened chassis. Most of its parts are again totally unique to it. It came 3rd overall at Le Mans 1965 and 1st in its class.

It was also a Scuderia Ferrari race car entering the 1965 Targa Florio and 1965 Nurburgring 1000 KM and was then painted yellow and loaned to Ecurie Francorchamps for Le Mans where it won its class (see above). It was then repainted red and sold to NART and raced at Bridgehampton and the Bahamas where it enjoyed success.

Its value comes mainly from all the above, although since NART it has only been owned by Harley Cluxton and Preston Henn and latterly the Henn family since Preston's passing.

 

Thanks!

 

BTW, I appreciate the straightforward answer. I'm not a player in this market. I owned a GTC for a while. I learned I don't have the time, money, or patience to own an old banger. I was just curious why this car was so valuable. Again, thanks.

 

Dale, I recall vividly when the Cavallino issue came out featuring an article by Dyke about 275 GTB/C.
To describe 06885 (and 2 siblings), he used the term 'GTO 65'.
That nickname really clarified for me just how special the 3 GTB/Cs were (with 06885 being singularly the most desirable/best of the 3).

https://dacorsa.com/publications/cavallino/cavallino-magazine-issue-48/

 

Thanks. One great thing about FerrariChat is you can learn a lot. Yeah, sometimes we fight, but we're car guys, right?

 

It is our common malady.
I for one blame that Swiss guy for hooking me even further with his Cavallino features all those years ago.