Press Release

Start Your Engines – 1975 Formula One Championship-Winning Ferrari Driven by Niki Lauda Heads to Gooding & Company’s 2019 Pebble Beach Auctions

The 1975 Ferrari 312T reinstated Ferrari’s Grand Prix prominence and became one of the most successful race cars in Formula One history


Santa Monica, Calif. (June 20, 2019) – Gooding & Company, the official auction house of the Pebble Beach Concours d’Elegance®, is honored to present one of the most significant and iconic F1 racing cars ever offered for public sale.

“The Ferrari 312T is among the most important and dominant Grand Prix models in the marque’s celebrated history”, states Hans Wurl, Specialist at Gooding & Company. “Never before has a 312T been presented at auction, and this example, having been an integral part in legendary Austrian driver Niki Lauda’s championship win, makes this a once in a lifetime opportunity. This is a consignment several years in the making, and it is a truly rare chance to acquire a Formula One car of this significance.”

1975 Ferrari 312T (Estimate: $6,000,000 – $8,000,000)

The 312T presented here, chassis 022, is one of just five of the evolutionary “transversale” Grand Prix cars built by Ferrari for the 1975 Formula One season. The 312T model, designed by Mauro Forghieri, features a number of design changes from its 312B3 predecessor, including the transverse mounted gearbox that is reflected in the “T” designation in the car’s name. This new design positions the gearbox ahead of the rear axle to give a lower polar moment of inertia for improved cornering. The front of the 312T’s bodywork also became narrower, which improved airflow around the car and into the radiators. The 312T continued to employ Ferrari’s dominant and reliable flat-12 engine, which outperformed its competitors at 500bhp. Over its career, variants of the 312T won 27 races, four Constructors’ and three Drivers’ Championships, becoming one of the most successful models in the history of Formula One.

After underachieving in 1974 with the Ferrari 312B3, largely due to mechanical failures, Niki Lauda was determined and more focused than ever to avoid a repeat of his previous year’s results. As such, he was extremely hands-on with the development of the 312T and comprehensively tested the car during the off-season in an effort to bring Ferrari back to its winning ways. In the 1975 F1 season, the 312T covered 14 races between January and October and is considered to be the Austrian’s most accomplished year.

Niki Lauda began his successful 1975 campaign in chassis 022 with a victory in the non-championship 1975 BRDC International Trophy held at Silverstone. He would go on to win the French Grand Prix, place second in the Dutch Grand Prix and finish third at the German Grand Prix, all behind the wheel of 022. In total, Lauda qualified in pole position in all five championship races in which he drove 022, and his efforts in this chassis significantly contributed to both his and the Prancing Horse’s 1975 F1 world championship – Ferrari’s first title since 1964. Additionally, the car was driven on two occasions by Scuderia Ferrari teammate Clay Regazzoni and, following a single outing at the 1976 South African Grand Prix, was retired from racing.

During the 1980s, this 312T was acquired by noted French collector Jacques Setton, who owned the car for nearly two decades. It was later sold to John Bosch of the Netherlands and is now being offered from a prominent American collection, where it has resided since 2008. Beautifully restored by the current owner, this 312T was refinished in its Rosso Corsa livery by Byers Custom and Restoration and had all mechanical components rebuilt by the Ferrari experts at Dennison International. Following its uncommonly well-detailed restoration, this important Ferrari was shown at the 2017 Pebble Beach Concours d’Elegance®, where it finished third in its class. An extraordinary Formula One car with one of the most successful and revered drivers of the era at the wheel, this Ferrari 312T is certain to be a highlight in what promises to be an unforgettable sale.

Important Notice Regarding the Buyer’s Premium

Please note that Gooding & Company has reviewed the Buyer’s Premiums applicable to its auctions. Beginning January 1, 2019, all Gooding & Company auctions will have the following Buyer’s Premiums: (a) For a final bid price of $250,000 and below, the Buyer’s 
Premium is 12% of the final bid price; and (b) for a final bid price of above $250,000, the Buyer’s Premium is 12% on the first $250,000 of the final bid price and 10% on the remainder of the final bid price. If you have any questions regarding the Buyer’s Premium, please contact Gooding & Company at (310) 899-1960.

The Pebble Beach Auctions

Date: Friday, August 16 at 5:00pm and Saturday, August 17 at 11:00am
Location: Pebble Beach Equestrian Center, Corner of Stevenson Drive and Portola Road, Pebble Beach, CA
Public preview: Wednesday, August 14 through Saturday, August 17
Auction catalogue:  $100, includes admission for two to the viewing and the auctions
General admission: $40, includes admission for one to the viewing and the auctions
Live auction broadcast: www.goodingco.com
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Phone: 310.899.1960




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