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1967 Ferrari 412P Sells for Over $30M at Auction Event

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1967 Ferrari 412P

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Last week’s 2023 Monterey Car Week in California was marked by a host of classic cars going on sale at various auctions, with the sale of the 1967 Ferrari 412P being a highlight.

The Ferrari race car, matching numbers, was auctioned off by Bonhams at The Quail: A Motorsports Gathering, fetching a final price, inclusive of the buyer’s premium, of $30,255,000.

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The sale makes this vehicle the fourth priciest Ferrari ever auctioned and the most expensive one sold by Bonhams, surpassing the 2013 auction of Fangio’s 1954 Mercedes-Benz F1 W196 race car, which was purchased for slightly over $29 million.

It’s been twenty-five years since a 412P was last up for auction, given the rarity of these endurance racing-designed cars. Of the originals, only two exist: chassis numbers 0854 and 0850. Additionally, chassis numbers 0844 and 0848 were converted 330 P3 race cars.

1967 Ferrari 412P, with chassis number 0854 – Photo credit: Bonhams

Chassis number 0854 was initially sold as a customer race car to Maranello Concessionaires in the U.K. The car achieved third-place finishes at Spa and Le Mans, driven by Lucien Bianchi and Richard Attwood in Belgium, and Attwood was joined by Piers Courage in France.

Notably, chassis number 0854 is the only 412P that retains its original body, chassis, engine, and transmission. It boasts a 4.0-liter V-12 engine, rated at an estimated 420 hp, and paired with a 5-speed manual transmission. The car’s chassis includes independent suspension with unequal length wishbones and coil springs.

1967 Ferrari 412P, with chassis number 0854 – Photo credit: Bonhams

After retiring from racing, the vehicle changed ownership multiple times, with one owner dedicating nine years to its restoration.

The Monterey event saw the sale of several other classic Ferraris. Bonhams sold a 1951 Ferrari 212 Export Barchetta for $3.9 million. Mecum sold a 1966 Ferrari 275 GTB/6C Alloy for $3.4 million, and RM Sotheby’s sold a 1965 275 GTB/6C Alloy for $3.3 million, both of which had the long-nose body that Ferrari introduced in mid-1965 to minimize front lift at high speeds.

It was an extraordinary week for classic Ferrari enthusiasts. Even a severely damaged 1954 Ferrari 500 Mondial Spider Series I by Pininfarina found a buyer for almost $2 million at an RM Sotheby’s sale. Although the car was essentially a crushed remnant, it was purchased for $1,875,000. This car was one of 20 vintage Ferraris that were damaged during Hurricane Charley in 2004 and subsequently sold last week in Monterey.

Frequently Asked Questions (FAQs) about 1967 Ferrari 412P

What was the standout sale at the 2023 Monterey Car Week?

The standout sale at the 2023 Monterey Car Week was the 1967 Ferrari 412P, which was auctioned off by Bonhams for $30,255,000.

Which Ferrari became the fourth most expensive ever sold at auction?

The 1967 Ferrari 412P became the fourth most expensive Ferrari ever sold at auction, fetching a final price of $30,255,000.

How many original 1967 Ferrari 412P race cars are there?

There are just two original examples of the 1967 Ferrari 412P, with chassis numbers 0854 and 0850. Two more were converted from 330 P3 race cars.

What other classic Ferraris were sold at the same event?

Other classic Ferraris sold at the same event included a 1951 Ferrari 212 Export Barchetta, a 1966 Ferrari 275 GTB/6C Alloy, and a 1965 275 GTB/6C Alloy.

Was there a damaged Ferrari sold at the 2023 Monterey Car Week?

Yes, a badly damaged 1954 Ferrari 500 Mondial Spider Series I was sold for almost $2 million at an RM Sotheby’s sale. It was one of 20 Ferraris damaged during Hurricane Charley in 2004.

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4 comments

Tom Harris August 22, 2023 - 1:19 am

Ferraris from ’67? Sign me up. They don’t make ’em like they used to. That price tag though… need to start saving

Reply
John Smith August 22, 2023 - 10:49 am

Wow 30 million for a car! That’s insane I wish I had that kind of money. The Ferraris just keep getting more and more expensive don’t they?

Reply
Jane Doe August 22, 2023 - 11:25 am

i remember seeing this car at a museum once. Its a real beauty. Can’t believe someone had it restored took 9 years!

Reply
Sara Mitchell August 22, 2023 - 11:47 am

What about the other classic cars at the auction. I’m a fan of the 275 GTB/6C Alloy. The history behind these cars is so fascinatin!

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