17-18 August 2012

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Lot 120

1974 Ferrari Dino 246 GTS 'Chairs and Flares'

  • Chassis no. 07908
  • Engine no. 0011947

Sold for $467,500

190 hp, 2,418 cc DOHC V-6 engine, five-speed manual transaxle (rear), unequal length A-arm front and rear suspension with coil springs and anti-roll bars, and front and rear disc brakes. Wheelbase: 92.1"

• Rotisserie platinum-level restoration completed in 2012

• Rare “Chairs and Flares” option combination

• Two-owner car with low original miles

• Ex-Bill Krause for 25 years

The roots of Ferrari’s esteemed Dino GT road car can be traced as far back as the mid-1950s, when Enzo Ferrari’s ailing son Dino proposed the development of a race-intended V-6 motor that eventually received considerable input from former Alfa Romeo designer extraordinaire Vittorio Jano. By 1966, the resulting Dino engine was campaigned with considerable success in the mid/rear-engine Dino 206 S race car, a roadgoing concept prototype of which the Dino 206 S Speciale debuted at the 1966 Paris Auto Show. This prototype was further developed with the 1967 Dino 206 GT, the first series-production roadgoing Dino, which was powered by a Fiat-built Dino V-6 engine manufactured under license from Ferrari and branded without Ferrari badges.

Immensely popular for its characteristic Ferrari performance, near-perfect weight distribution, and spry handling, not to mention a beautiful Pininfarina body design built by Scaglietti, the Dino GT was further developed over the ensuing years with a larger displacement engine to result in the Dino 246, which also became available in an open-top GTS version. When, in 1973, 7½-inch-wide Campagnolo wheels became available, cars so optioned were bodied with wider fender flares that covered the new wheels to meet road regulations. Some of these cars were also optioned with Daytona seats, racing-style bucket seats originally equipped in the concurrent V-12 Daytona. Now often referred to as “Chairs and Flares” examples, the small number of Dino 246 examples equipped with this option combination have become increasingly valued in recent years for their rakish looks and extra sporting character.

This exceptional Dino 246 GTS combines rarity of options, low mileage, select ownership, and a recent rotisserie restoration to result in an example of unusually high quality. Outfitted as an American-specification example, this Dino was originally equipped with power windows, air conditioning, a Blaupunkt Autoradio, and most importantly, the desirable option combination of Daytona seats and widened fender flares. One of roughly just 250 Dinos equipped with the “Chairs and Flares” option combination, this car is also one of approximately only 91 such cars that were distributed to the United States.

Benefiting from a life entirely lived in the forgiving climate of Southern California, this Dino was originally purchased from a Monrovia, California dealership in 1975 by Bill Krause, the renowned race car driver who famously piloted numerous Cobras, Maseratis, and at least one Jaguar D-Type during successful campaigns in the late-1950s and early-1960s. Mr. Krause competed with, and against, some of motorsports greatest drivers, including Carroll Shelby, Dan Gurney, Stirling Moss, and Mickey Thompson. His lengthy possession of this Dino confers the car with desirable ownership provenance that will surely appeal to enthusiasts of 1950s sports car racing.

In early-2000, after 25 years of Mr. Krause’s fastidious care, 07908 was acquired by a Los Angeles based owner, at which time the car still exhibited an outstanding overall condition, while displaying just 18,000 original miles. Only sparingly used over the following decade, this Dino 246 GTS accrued just 4,000 miles more before the owner sold it back to a dealer of classic Ferraris.

Astounded by the Dino’s low mileage, remarkable preservation, and strong overall condition, the consignor wrestled with the choice of fully restoring the car or merely refinishing the paint, which displayed an aging re-spray in need of attention. Ultimately deciding that an overall approach would result in a more consistent example, the consignor commissioned a full rotisserie nut-and-bolt restoration by Exclusive Motorcars in Los Angeles. Under the expert attention of lead restorer Rex Nguyen, 07908 was treated to a ground-up restoration that provided for the rebuild of every mechanical and cosmetic component to original factory standards.

Although the namesake Dino V-6 engine was tested and deemed to still develop strong compression, the motor, for the sake of thoroughness, was sent to the well-known Blackhorse Motors of Los Angeles for a full rebuild. Blackhorse also rebuilt the transmission, clutch, and brakes, resulting in very fresh mechanical condition and faultless performance. Mr. Nguyen, furthermore, comprehensively rebuilt the suspension and refinished the chassis and undercarriage, stressing factory-correct standards of accuracy for platinum-level authenticity. Every nut and bolt on the car was refinished to original specifications, whether it was powder-coated, zinc or cadmium-plated, black oxidized, or anodized.

Cosmetically, this Ferrari was treated to a high-quality repaint in a deep finish of Argento Auteuil Metallizzato paint, also known as metallic silver. The interior was reupholstered with all new black carpets and sumptuous dark rosso, or red, leather, which is beautifully offset in the Daytona seats by complementary black longitudinal bolster strips, completing a fabulous overall color scheme. The details of the restoration were precise and historically accurate, as seen in the newly available vinyl strips used on the Daytona seats, which were sourced from HVL in Holland and are a factory-correct replication of original materials that had fallen out of favor in recent decades due to unavailability of the correct fabric. Additionally, Mr. Nguyen painstakingly photographed every component in a before-and-after context, displaying every serial number of every part; thus, meticulously cataloguing every piece utilized in the car.

Having accrued zero miles since this impressive photo-documented restoration, 07908 remains a mechanically fresh and cosmetically arresting example that is surely among the finest Dinos available in many years. It is a two-owner, numbers-matching example with 22,000 original miles and is accompanied by a complete toolkit and set of manuals. An important forerunner of the long line of rear-engine Ferrari spiders that followed, this flawlessly restored 246 GTS “Chairs and Flares” is a desirably optioned, minimally used, and expertly restored example, with ownership provenance that should appeal to the most serious Ferrari collector. It beacons its next owner to challenge the FCA show circuit or to indulge in the spirited performance characteristics for which the Dino is renowned.

Please contact our exclusive automotive transportation partner, Reliable Carriers, for a shipping quote or any other information on the transport of this vehicle.

Alexander Weaver

+1 864 313 6844
California, United States

Alexander Weaver joined RM Sotheby’s in 2011 as a Car Specialist after graduating from Furman University in South Carolina. Born... read more

Augustin Sabatié-Garat

+44 (0) 74 1511 4179
United Kingdom

Augustin Sabatié-Garat joined RM Europe in 2012 as a Car Specialist after more than a decade in the collector car hobby. Gradua... read more

Barney Ruprecht

+1 203 912 7168
Ontario, Canada

Barney’s interest in classic cars began at an early age after being introduced to his father’s all-original 1965 Porsche 911. Barney l... read more

David Swig

+1 415 302 2247
California, United States

David Swig joined RM Sotheby’s West Coast division as a Car Specialist in May 2015. David is a life-long automobile enthusi... read more

Don Rose

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United States

Don joined RM in 2006 after several years of professionally trading sports and classic cars, and after earning a reputation as a noted... read more

Donnie Gould

+1 954 566 2209
Florida, United States

Donnie Gould joined the RM team in 2002 as a partner and Car Specialist after more than two decades in the vintage automobile auction ... read more

Gord Duff

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Ontario, Canada

Gord Duff began his journey with RM Sotheby’s in 1998. Since then, he has gained an intimate knowledge of a variety of marques a... read more

Jake Auerbach

+1 310 559 4575
California, United States

Jake Auerbach got his start in the automotive industry at an early age, spending his summers during high school working at a classic c... read more

Kurt Forry

+1 717 623 1638
California, United States

Having worked for Bonhams’ Automobilia department for over 10 years, Kurt Forry joined RM Sotheby’s with more than a decad... read more

Matt Malamut

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California, United States

A long-time car enthusiast and Southern California native, Matt studied Automotive Technology at San Diego Miramar College and complet... read more

Michael Squire

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United Kingdom

Michael Squire joined RM Sotheby’s European Division in the summer of 2016. He comes to RM with a prestigious racing background ... read more

Mike Fairbairn

+1 519 352 4575
Ontario, Canada

As one of the three founding partners of RM Sotheby’s, Mike has a long-standing interest in the classic car industry. Graduating... read more

Oliver Camelin

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United Kingdom

With an extensive background in exotic sports car history and sales, a particular passion for American curves, and fluency in three la... read more

Paul Darvill

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United Kingdom

Paul Darvill joined the RM Sotheby’s European team at the beginning of 2015. Paul holds a degree in French and Politics from the... read more

Pete Fisher

+1 519 784 9300
Ontario, Canada

Pete Fisher was first introduced to antique cars in high school, working for Classic Coachworks in his hometown of Blenheim, Ontario. ... read more

Shelby Myers

+1 310 559 4575
California, United States

Shelby Myers grew up with the classic car industry infused into every aspect of his life. He had the unique opportunity to watch the R... read more

Tonnie Van der Velden

+31 653 84 19 60
United Kingdom

Tonnie Van der Velden joined RM Sotheby’s European division in September 2015 as a Car Specialist. A lifelong enthusiast, Tonnie... read more