275 GTS/4 NART for sale

Today RM Sotheby’s is anouncing 1968 Ferrari 275 GTS/4 NART chassis 11057 for their upcoming Monaco Auction on Saturday, May 14, 2016.

This is the last of only ten cars made which explains the €19.000.000 – €23.000.000 auction estimate.

RM Describe the car:

THE EUROPEAN NART SPIDER

As the brainchild of Luigi Chinetti, it was only natural that the vast majority of NART Spiders were sold to his own customers in the United States. The very last NART Spider to leave the factory, however, would be the only example to remain in Europe.

That particular NART Spider, chassis 11057, was not only the final NART Spider and the only European-delivery example, but also the third-from-last 275-series Ferrari constructed. Originally finished in Grigio Scuro (20-E-166) over a Nero (VM-8500) interior, this would be the only NART Spider to wear that colour combination. It was sold new through Concesionario Tayre of Madrid, Spain, to a Spanish Colonel of the Foreign Legion in February of 1968. The car was allegedly first registered under his ownership on Spanish Sahara license plates, yet it is unclear whether the NART ever made the voyage to North Africa. Chassis number 11057 was later returned to Tayre and was then sold to José Segimon, also of Madrid, and registered on Spanish license plates M 3249 BP.

Segimon owned a number of significant racing Ferraris during his lifetime, including a 166 MM Barchetta and a 750 Monza. It should be no surprise that Segimon wanted to test his newest Ferrari at its limit, and he drove it on the track on at least one occasion, in 1980 at the Circuito del Jarama, just north of Madrid.

By 1982, chassis number 11057 was said to have left Segimon’s ownership and have moved to England, where it was refinished in red. In July of 1983, it was sold to the Swiss collector Albert Obrist of Gstaad, Switzerland. Obrist had the car fully restored in Italy and refinished in a dark grey metallic. He showed the car frequently at a variety of Swiss events over the course of the next 12 years, allegedly gifting the car to one of his daughters.

Sold by the Obrist family in 1995, the spider next passed through both Chris Cox and Carlos Monteverde’s distinguished collections before being purchased by Bernard Carl of Washington, D.C. In his ownership, the NART Spider was kept in the United Kingdom and shown at a variety of events there. From 2000–2001, the car was repainted its current shade of dark red metallic by Terry Hoyle and fitted with Borrani wire wheels. Following its repaint, the car was featured in the January 2005 issue of Octane magazine (issue #19), as well as the February 2008 issue of Thoroughbred & Classic Cars. Also during his ownership, the NART Spider was certified by Ferrari Classiche in October of 2007, thus confirming its status as a fully matching-numbers example.

In October of 2009, the car was sold from Mr Carl’s collection to Lord Irvine Laidlaw. Upon receiving his new NART Spider, Lord Laidlaw immediately sent the car to O’Rourke Coach Trimmers in West Sussex in the United Kingdom to have its interior re-trimmed in its current beige. Still wearing its dark red metallic paintwork, recalling its sister car featured in The Thomas Crown Affair, it presents very well overall, having been enjoyed by Lord Laidlaw over the past few years. It was even driven by his wife on the Ladies Classic Car Tour of Tuscany in 2011.

Over the course of Ferrari’s illustrious history, the company’s most sought-after vehicles have been the front-engined V-12 grand tourers of the 1960s. Amongst these, the handful of limited-production convertibles is the most desirable, with the sublime 275 GTS/4 NART Spider reigning supreme. The NART Spider is a vehicle that has stood the test of time in terms of sheer automotive drama, character, and splendour. An absolute thrill on the open road and a sure-fire entry to any concours event on the planet, the NART Spider is not only a vehicle with few peers—a Ferrari that many desire to own, drive, and enjoy—but also a dream that few can realize.

In the realm of drop-top, road-going Ferraris, the NART Spider remains the most valuable and sought-after model within the famed marque, consistently demanding a premium of over 100% over the vaunted California Spiders in recent years. The other nine NART Spiders are well-known and highly cherished cornerstones of prominent collections and are therefore almost certainly highly unlikely to become available in the near future, irrespective of price or offer. By comparison, other valuable road-going Ferraris like California Spiders, which were built in far greater numbers, are sold in greater frequency and have been acquired from time to time with offers that slightly exceed current market value. This is simply not the case with NART Spiders, for which every chassis number and the provenance of each car is well known by enthusiasts, car by car, and the ownership of each has been fiercely preserved by a club of only 10 respected collectors at any given point in time. This particular example has been owned by no less than five 250 GTO owners, a testament to its sheer desirability and importance.

As the last of 10 produced and the only such example sold new in Europe, it is only fitting that chassis 11057 be offered here in Monaco. As the city is known for its glamor, excess, and beauty, there is perhaps no vehicle so fitting for its streets as a 275 GTS/4 NART Spider—one of the most significant Ferraris ever made.

Photo Credit: Tom Gidden ©2016 Courtesy of RM Sotheby’s

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