SOLD 08/20

1968 Ferrari
365 GTC

A Ferrari for the Consummate Gentleman. Matching numbers, Factory A/C, Exceedingly High Quality Restoration, Sitting on Sparkling Borrani Wire wheels. Featured in Cavallino Magazine, and Offered with Books, Tools, and Records.

  • VIN12091
  • Exterior ColorWhite
  • Interior ColorBlack Leather
  • Mileage40319 Kilometers
  • Engine4.4L V12
  • Engine no.12091
  • Transmission5-Speed Tranaxle
  • StatusSold
  • StockFJ2403


1968 Ferrari 365 GTC
s/n 12091, engine no. 12091
White with Black Leather Interior

Ferrari launched the 330 GTC at the Geneva Auto Show in 1966. Perfectly timed and situated against the elder statesman 275 GTB, the new design was a hint at Ferrari advancing new platform ideas into more compact offerings. Coveted for the taut and lean design the GTC was immediately met with enthusiasm by automotive press and enthusiasts who lauded the refined road manners and exceptional driving characteristics, which were well beyond previous sports cars of the period. The powerful V12 engine, having been part of the ongoing development of the venerable Colombo variant, displaced 4.0 liters, and generated 300hp. A torque tube connected the engine to the rear-mounted transaxle, optimizing weight distribution while setting a standard that many high-performance cars still employ today. The 330 GTC utilized four-wheel power assisted disc brakes all round, independent front and rear suspension, and a 5-speed gearbox, all of which resulted in strong performance and reliable overall road manners, even in daily traffic.

The elegant and refined body design included comfort amenities like air conditioning and electric windows, optional Becker or Blaupunkt radios, and wire wheels. The thin A and B pillars, panoramic glass, and ideal seating position delivered an open cabin feel with greater comfort particularly for larger drivers. In 1968, the V12 engine was updated to the larger 4.4 liter variant of the Colombo design offering 320 hp and 267 ft. lb. torque. Impressive acceleration figures from the day included 0-60 in 6.3 seconds and a quarter mile time of 14.5 seconds. The brilliant exterior design was only slightly modified in the 365 series, removing the 330 side vents and placing a new version on both sides of the hood, leaving the 365 with a clean and uncluttered profile. With styling influences explored in the Superamerica and Superfast, the design offered an advanced look with elegant stately features and rarity in that just 150 365GTCs were produced. Widely regarded today as one of the best driving and most usable classic Ferraris, the 365 GTC continues to be highly sought after by multiple Ferrari collectors who often opine their 365 GTC to be their preferred car for driving.

This particular example is a fantastic realization of all the best traits of the GTC series. Originally delivered in Argento Metallizzato with Nero Franzi (black leather) interior, the car was optioned from the factory with Air Conditioning. An early build 365 (#34 of total production) it was also optioned with a rare Becker-Mexico AM/FM Cassette radio. By the early 1980s the car has been repainted white and was featured in Cavallino issue #32, April 1986, where it appears to have remained largely in original condition when photographed for a full color spread. At that time, the car was wearing Michigan license plate # 398 AXB. Purchased in 1990 in what is believed to be the same condition as shown in the 1986 Cavallino article, by 1993 and through 1994, the car becomes the subject of a comprehensive restoration, managed by Burbank Coachworks, Burbank, CA. During this time, records accompanying the car dated from June 1993 – June 1994 indicate the car had 32,158 kms on February 1994. The restoration, completed by a cadre of qualified Ferrari specialists, covered mechanical, electrical, interior, and exterior cosmetic aspects to a very high standard.

Receipts for restoration services include detailed written summaries of engine, suspension, brakes, electrical, transmission and clutch, air compressor and assorted a/c component rebuild, window regulators, heating duct work, exhaust system, chrome plating, door and trunk seals, cosmetic detailing for the interior, engine detailing, and many other refined details. Records retained with the car total over $80,000.00, however, an accompanying 2005 ad for the car when later offered for sale by Ferrari expert Monte Shelton indicates that $200,000.00 was spent on the restoration. Given the appearance of the car today, every aspect of the visual condition appears consistent with this stated figure.

In 2005, when represented for sale and owned by Shelton, the car is reported to have 34,632 kms when it is then purchased by Gregory Spencer in December of that same year. Spencer maintains the car regularly using local Northern California vendors including Burlingame Motors who perform regular servicing as needed including more extensive work such as new shock absorber bushings, new tie rod ends, wheel alignment, full fluid flush, points and plugs, and other needs. A receipt from September 2009 indicates 36,364 kms, consistent with the records of slowly accumulated kms. In 2013 the car was represented by Fantasy Junction on consignment where it was sold to the current owner.

Today this beautiful Ferrari presents in excellent condition throughout, still reflecting what are believed to be the original kilometers, consistent with the Cavallino article featuring the car in such original condition and subsequent restoration in the early 1990s. Currently showing 40,316 kilometers (25,051 miles), the car has clearly benefitted from thoughtful caretakers since new as well as dedicated connoisseurship during the superlative restoration and throughout more recent ownership. The paint retains a very high-quality gloss, consistently smooth and evenly applied. The quality of workmanship is evident in the door jambs, underside surfaces, and panel corners, all of which support the ongoing care and preservation since the restoration was completed. The exterior trim, emblems and details are beautifully finished, showing excellent detailing and fitting to the coachbuilt body. Chrome and polished metals are also exquisitely detailed showing only minor evidence of time having lapsed since the restoration was completed. All openings function as expected with tight door closures and excellent panel gaps on the hood, doors, and trunk lid. All four stunning Borrani wire wheels show their original date stampings, are properly polished, and finishd with chrome plated triple-ear knockoffs. A set of Bridgestone tires with ample tread are mounted at all four corners, including a matching Borrani spare residing in the tire well beneath the trunk.

The interior is beautifully prepared with excellent black leather components contrasting against the various delightful bits of trim and notable Ferrari features. The perfectly trimmed bucket seats are properly padded with correct piping and correct finished door panels. The dashboard is clean and taut showing smooth finishes across the top and padded edge accented by stunning instruments against a warm varnished wood dash panel. The Nardi steering wheel and Veglia Borletti instruments are exceptionally fine, functional jewelry celebrating the driving arts. The air conditioning, a rare factory option, features correct controls and air venting, highlighted in the console with yet another option, the rare Becker-Mexico AM/FM radio with cassette tape player. The upholstered center console houses the electric window switches, while the door panels, and dash display excellent fit, crisp corners, and proper stitching. Of particular note is the properly pleated headliner which has excellent fit to the side panels and pillars. A superb Italian touch is the red carpeting which appears in very good condition overall, showing only scant areas of minor use. Clearly this car was ordered new with sporty yet comfortable driving in mind; a feature that continues to entice modern drivers who wish to participate in events and modest road trips without sacrificing comforts.

The engine bay and matching numbers engine have been meticulously detailed and show the care indicative of Ferrari expert workmanship both when restored and during more recent services. Finishes are both correctly applied and mindful of originality. There are modest indications of use on the engine surfaces toning to the raw castings, all of which contribute to the history of this low mile car. The correctly finished satin black quad-snorkel air cleaner sits atop the triple Weber carburetors, matching the black crinkled cam cover finish. Often overdone or too glossy, this authentic Ferrari finish has been faithfully presented with correct texture and sheen. The hood insulation pad, proper engine compartment plaques, factory hardware, and hallmark V12 designations are all correctly presented and in excellent condition. The trunk compartment is finished with black carpet, proper edge beading, fit to the perimeter and correctly finished on the underside of the trunk lid as well. Under the spare tire cover, a Borrani wheel is properly contained with the correct hand-twist hub hold down. A very nice replica tool set completes the trunk compartment.

The underside of the car shows excellent detail and correct finishes with a focus on authenticity and cleanliness consistent with the restoration. Visual inspection of the chassis confirms the low miles and remarkable originality of the components and structure. Correct exhaust, proper raw aluminum castings, proper lines and finishes, and orange Koni shock absorbers complete the appearance. The chassis is in excellent condition with no evidence of structural damage or compromise to main components, rocker panels, or suspension.

The car starts immediately, setting off a wonderful roar as it warms up and settles into a satisfying idle. Engaging the first of 5 speeds, the car moves out smoothly with great ease and comfortable low speed steering, aided by a cleverly concealed and helpful electric power steering unit which adds assistance in low speed steering and automatically shuts off at above 25 mph. A manual shutoff is also part of the system. The V12 engine performance is smooth and engaging with excellent gearbox and clutch action that operate harmoniously - among the best we’ve more recently driven. The 5-speed is smooth and easy to use with comfortable action through the selector. Brakes are very good overall pulling down uniformly and confidently even at higher speeds. Overall handling reminds one of the very reasons these cars continue to be ongoing “go-to” cars in many Ferrari collections when it comes to pleasant and easy-going driving. The 365 GTC simply drives, handles, and delivers superlatively in every respect. The car comes with assorted receipts documenting the restoration, recent service records, an original owner’s manual, Becker radio manuals and warranty, the original steering shaft, a very nice replica tool roll with tools, Cavallino issue #32 featuring the car, and selected previous ownership documents.

This Ferrari 365 GTC offers a unique balance of elegance and superlative styling with the power and performance of the V12 engine. Featuring state-of-the-art handling, while delivering great touring qualities, this handsomely restored GTC delivers rewarding driving manners even in modern traffic. The light clutch and nimble steering coupled with the wide torque band provided by the 4.4 liter V-12 offers tremendous satisfaction to enthusiasts who enjoy showing and driving their cars. This low mile, matching numbers, A/C equipped GTC is truly an engaging and rare Ferrari ready to deliver as one of the most refined sports car designs of this era.

Please note this example is titled in Ohio as a 1967 year model.

The above vehicle information is complete and accurate to the best of our knowledge at the time it is posted to this website. Corrections or additional information is always appreciated. All advertised prices exclude government fees and taxes, any finance charges, any dealer document preparation charge, and any emission testing charge. Vehicles are subject to prior sale. All advertised to be true but not guaranteed. We assume no liability for errors or omissions.

Inquire About This Car

Fantasy Junction  •  510-653-7555  •  1145 Park Ave, Emeryville, CA 94608