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Lot 124

2016   |   Pebble Beach Auctions 2016

1966 Lamborghini 350 GT

Coachwork by Touring

SOLD $726,000

Estimate

$750,000 - $950,000

Chassis

0316

Engine

0265

Car Highlights

One of As Few As 120 Examples Built
Single Family Ownership for 47 Years with Less Than 10,000 Miles Shown
Highly Original, Including Factory-Upholstered Leather
Accompanied by Original Manuals, Sales Contract, Tool Kit, and Jack
Highly Desirable Example of Lamborghini’s First Production Model

Technical Specs

3,464 CC DOHC V-12 Engine
Six Weber 40 DCOE 2 Carburetors
270 BHP at 7,000 RPM
5-Speed Manual Gearbox
4-Wheel Girling Hydraulic Disc Brakes
Independent Front and Rear Suspension with A-Arms, Coil Springs, and
Tubular Shock Absorbers
Register to Bid

Advance Automotive Service Inc., Milwaukee, Wisconsin (acquired in April 1966)Elizabeth Gagliano, Oconomowoc, Wisconsin (titled in December 1994)Gullwing Motor Cars, Astoria, New York (acquired from the above in August 2013)Lee Barba, Bangall, New York (acquired from the above by December 2013)Current Owner (acquired from the above)

It could be said that when Ferruccio Lamborghini introduced his first production model at the 1964 Geneva Auto Show, he achieved his goal of outclassing Maranello’s grand touring models. Overtly more luxurious and yet still quite sporting, the Lamborghini 350 GT offered a host of standard features that were often lacking in concurrent Ferrari road cars, including four-cam valve actuation, six-carburetor induction, all-aluminum coachwork, and power windows. As this remarkably preserved example testifies, the 350 GT has matured into one of the period’s most timeless and elegant GT cars, representing a more refined era for the legendary Sant’Agata manufacturer now better known for producing hypercars.

This outstanding 350 GT claims a high degree of originality and 47 years of single family ownership, resulting in an extremely well-maintained example that still displays less than 10,000 miles. Chassis 0316 was completed in early 1966, finished in light-blue metallic paint and specified with instruments in miles, obviously intended for the US market. The car was distributed to Jake Kaplan’s Foreign Cars Ltd. in Providence, Rhode Island, a factory-authorized Lamborghini retailer. According to an original notarized sales contract that features the chassis and engine numbers, this car was sold in April 1966 to Advance Automotive Service Inc. of Milwaukee, Wisconsin, a tuning and service house owned by enthusiast Carl Gagliano.

Mr. Gagliano was the proprietor of several automotive businesses in the Milwaukee area, and he had previously purchased a green 350 GT that proved troublesome. Mr. Gagliano drove the green Lamborghini all the way back to the dealership in Providence, demanding an exchange. Granted his wish, he took delivery of 0316, which he drove back to Milwaukee.

The Lamborghini was used very little while in the Gagliano family’s possession, largely remaining a display piece at one of the owner’s filling stations. The car was titled in Rhode Island until the early 1990s, when, in failing health, Mr. Gagliano willed the 350 GT to his daughter, Elizabeth, who had always been smitten with it. Ms. Gagliano continued as 0316’s caretaker after her father’s passing in 1996, and when she finally offered the car for sale in August 2013, the odometer displayed just 9,583 miles.

After 47 years in the Gagliano family’s care, the highly authentic 350 GT was sold to New York collector Lee Barba, who invested more than $24,000 to sympathetically freshen the mechanical systems, as indicated by numerous invoices. In May 2014, following a thorough inspection by marque expert Gary Bobileff, the car was purchased by an esteemed New York-based collector, who was blown away by its minimal use and overwhelming originality.

This mid-production 350 GT currently features much of its original light metallic blue paint. In keeping with its exceptional unrestored condition, the finely patinated interior clearly retains the original factory-trimmed leather upholstery. Chassis 0316 is furthermore accompanied by its original user manuals, which feature the chassis and engine numbers handwritten inside, as well as a set of original tools in a pristine original canvas pouch, and a box of discarded parts from various services (including old hoses and other original soft parts).

A resoundingly authentic example of the masterpiece co-engineered by Gian Paolo Dallara, Giotto Bizzarrini, and the coachbuilders at Touring of Milan, this 350 GT is one of the most original examples to be encountered in many years. It claims long-term ownership by one family for almost five decades and remarkably low mileage, making it ideal for preservation-class presentation. For the owner who might wish to indulge in the legendary V-12’s performance, the car remains quite drivable thanks to the 2014 freshening and fastidious care ever since.

Perfect for Italian car shows and Lamborghini gatherings, or distinguished concours d’elegance worldwide, this uniquely preserved and desirably documented 350 GT is among the finest examples extant. It would make an outstanding acquisition for any collector, from preservation-minded purists to aficionados of Italian GTs.