Auctions and Brokerage
Coachwork by Scaglietti
First Owner (acquired through William F. Harrah’s Modern Classic Motors in December 1967)Gerald Marolda, Chicago, Illinois (acquired in 1975)Ed Waterman, Fort Lauderdale, Florida (acquired from the estate of the above in January 2003)Nicolas Juncadella, Miami, Florida (acquired from the above in February 2005)Current Owner (acquired from the above in August 2008)
Charles “Skeets” Dunn’s Picnic at Osuna Ranch, Rancho Santa Fe, California, May 1996Concorso Italiano, Carmel Valley, California, August 2002Concours on the Avenue, Carmel-by-the-Sea, California, August 2008FCA Concorso Ferrari, Pasadena, California, May 2010
Many aficionados believe that the 275 GTB series that made its debut in October 1964 was Ferrari’s last great V-12 berlinetta. The breathtaking Pininfarina design, brought to life by Scaglietti’s craftsmanship, was clearly influenced by the legendary 250 GTO race car, sharing similar dimensions through its long hood and fastback tail. But the 275 berlinetta truly came into its own with the engine upgrade of 1966 that transformed the initial model into the 275 GTB/4. The first use of four-cam valve actuation on a Ferrari road car resulted in a gain of 20 bhp, raising the 275’s performance to unprecedented heights.
As this exceptionally maintained example of limited ownership attests, the 275 GTB/4 was the pinnacle of performance and vintage aesthetics in a V-12 flagship Ferrari. When the succeeding Daytona adopted markedly different styling and further V-12 models then shifted to mid-engine architecture, the 275’s position as the ultimate front-engine vintage Maranello GT car was assured.
According to the research of marque historian Marcel Massini, chassis 10497 was the 231st car in an assembly sequence of approximately 330 cars, and it entered Scaglietti’s workshop in Modena for bodywork in June 1967. The GTB/4 was equipped with instruments in miles and finished in Nocciola paint (copper metallic gold), a very unusual color for a four-cam 275. Upholstered with a black leather interior with gray carpeting, the berlinetta completed assembly in October 1967.
Initially imported by Luigi Chinetti Motors, the Ferrari was distributed in December 1967 to Modern Classic Motors in Reno, Nevada, the dealership owned by the renowned collector William F. Harrah. MCM was the official Ferrari distributor for the western US, and it offered Mr. Harrah the opportunity to add some of the marque’s most important models to his personal collection. Several of the cars that were retailed through MCM were initially retained by Mr. Harrah himself, and there is some indication that this car may have been one of them.
In 1975, 10497 was acquired by Gerald Marolda of Chicago, Illinois, and he remarkably retained possession for nearly three decades. In 1984, Mr. Marolda relocated to San Diego, and the 275 accompanied him to the Golden State’s forgiving climate. The owner dutifully maintained the superlative GTB/4 while occasionally presenting it at select events, including Skeets Dunn’s meet in Rancho Santa Fe, California, in May 1996, and the 17th Annual Concorso Italiano in Carmel Valley, California, in August 2002.
Following Mr. Marolda’s passing in late August 2002, his estate sold the 275 GTB/4 to Ed Waterman’s well-known Motorcar Gallery in Fort Lauderdale, at which time the odometer displayed 25,235 miles. Waterman eventually sold the car in February 2005 to Nicolas Juncadella of Miami, Florida. He ensured the car’s consistent care for the next few years before it was acquired by the consignor in 2008. At that point, the GTB evidenced a high-quality repaint in the rare original color, while the leather upholstery was deemed to be entirely original. Shortly before the sale, the car was displayed at the Concours on the Avenue in Carmel-by-the-Sea, California.
The consignor, one of Southern California’s most respected collectors, has continued to maintain the Ferrari optimally while driving it occasionally and has also undertaken a few freshening measures. In 2009, the shock absorbers and water pump were rebuilt, a new battery was installed, and esteemed Ferrari expert Mike Regalia was retained to touch up the paint. A few years later, a new clutch slave cylinder was installed, the carburetors were retuned, and some brake hoses were replaced.
While much of this work was undertaken by the consignor’s in-house mechanic, some measures were conducted by The Auto Gallery in Calabasas, California. In late 2015, the Auto Gallery performed a full service that included flushing all the fluids, checking and timing the distributors, and installing new motor mounts, while correct Michelin tires were mounted on the handsome Borrani wire wheels. The consignor has driven the 275 only sparingly over the last eight years, and the odometer display of approximately 28,000 miles is believed to be accurate. 10497 has rarely been displayed in public, with one appearance at the FCA’s Concorso Ferrari in Pasadena, California, in May 2010.
During recent test drives, two Gooding & Company specialists were quite impressed with how mechanically dialed-in this car is, noting it to be one of the best driving four-cam 275 examples they had ever experienced. Accompanied by a full tool roll and service invoices, this outstanding 275 GTB/4 features its original four-cam motor and is finished in its rare factory color scheme, including the original leather upholstery.
Also the beneficiary of just three private owners over the last 41 years, this superlative four-cam is ideal for presentation at FCA events and national concours, where its originality, splendid condition, and unusual paint finish will draw the admiration of judges and spectators alike. The minimally used berlinetta is also well-suited for vintage tours like the Copperstate 1000, where the powerful V-12 may be indulged to the height of its performance.