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Lot 128

2019   |   Pebble Beach 2019

1969 Ferrari 365 GTC

Coachwork by Pininfarina

SOLD $852,000

Estimate

$675,000 - $750,000

Chassis

12187

Engine

12187

Car Highlights

Beautifully Preserved Example of the Limited-Production 365 GTC
One of Just Two Originally Finished in Elegant Verde Bahram
Delivered New to Milan; Just Three US Owners Since 1974
Expert Maintenance Includes Recent Engine Rebuild by Al Roberts
Offered with Books, Tools, and Exceptional History File
Ferrari Classiche Red Book Certified; History Compiled by Marcel Massini

Technical Specs

4,390 CC Tipo 245 SOHC V-12 Engine
Three Weber 40 DFI Carburetors
320 BHP at 6,600 RPM
5-Speed Manual Transaxle
4-Wheel Hydraulic Ventilated Disc Brakes
4-Wheel Independent-Wishbone Suspension with Coil-Over Shock Absorbers

Saleroom Addendum

Please note that this vehicle is titled 1967.

Register to Bid

Luigi Galbiati, Milan, Italy (acquired new via Crepaldi S.a.S. in 1969)Celeste Colle, Milan, Italy (acquired from the above in 1970)Dr. Frederick Shulack, Rochester Hills, Michigan (acquired via Viviano A. Corradini in 1974)Thomas Shaughnessy, Oceanside, California (acquired from the above in 2004)Current Owner (acquired from the above)

Meadow Brook Concours d’Elegance, Michigan (1985, 1995)Ferrari Club of America International Concours, California, 2004Cavallino Classic, Palm Beach, Florida, 2011

One of only 150 examples of the universally respected 365 GTC built, this extraordinarily well-preserved Ferrari clearly benefits from a limited roster of owners over the past five decades. Blessed with an outstanding documentation file, and further supported by a report compiled by Ferrari historian Marcel Massini, chassis 12187 is one of just two 365 GTCs factory-finished in striking Verde Bahram paint.

On February 28, 1969, the certificate of origin was issued and the Ferrari was sold new via official dealer Crepaldi S.a.S. to its first owner, Luigi Galbiati of Milan. Sig. Galbiati sold the GTC on April 23, 1970, to Celeste Colle, who registered it in Milan and retained it for the next four years. In August 1974, the Ferrari was sold through well-known Milanese sports car dealer Viviano A. Corradini to Dr. Frederick Shulack of Rochester Hills, Michigan, and was shipped to the US by boat, as noted by original records and correspondence on file. When the 365 GTC arrived in the US, Dr. Shulack and his friend, Terry Myr, the noted Ferrari mechanic, traveled to the port at Newark, New Jersey, to collect the car and drive it home to Michigan. During Dr. Shulack’s long-term ownership, 12187 was driven sparingly, maintained by Mr. Myr, and displayed at the prestigious Meadow Brook Concours d’Elegance, first in 1985 and again in 1995. In March 2004, the 365 GTC was sold to Ferrari expert Tom Shaughnessy, who exhibited it that August at the Ferrari Club of America Concours held at Quail Lodge. In 2008, Mr. Shaughnessy sold the GTC to the current owner, a Florida-based collector with a passion for 12-cylinder Ferraris. In his ownership, 12187 has been expertly maintained and benefits from a complete, no-expense-spared engine rebuild by respected marque specialist Al Roberts at Ferrari of Fort Lauderdale. As a result of this work, the Ferrari is reported to be in superb mechanical order and the consignor attests to its sensational performance.

As offered, this rare 365 GTC remains in impressively original condition, clearly benefiting from the attentive care lavished on it by a limited roster of owners, particularly those since its arrival in the US in 1974. Remarkably, it retains much of its original, eye-catching Verde Bahram paint finish, as well as its beautifully preserved and wonderfully patinated black leather upholstery. Having received Ferrari Classiche certification, 12187 is accompanied by the corresponding Red Book; extensive documentation including Italian ACI paperwork confirming provenance from new through Dr. Shulack’s acquisition of the car in 1974, correspondence, importation, and shipping paperwork; maintenance and ownership records; plus the aforementioned Massini report.

Simply put, this 365 GTC stands proudly as a wonderful example of what many enthusiasts, collectors, and owners rightly regard the finest all-around classic V-12 Ferrari road car, one with understated elegance and outstanding driving dynamics that continues to stand the test of time – 50 years after it was built.