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What's the Ferrari 365 GTC/4 Really Worth?
1972 Ferrari 365 GTC/4 coupe
Company: RM Auctions
Location: Maranello
Date: May 17, 2009
Sold at: $151,250

Coachwork by Scaglietti to a Pininfarina design. Good straight body recently repainted in the right color. Refurbished wheels, retrimmed interior and dash top excellent, new exhaust. No early history.

In this ownership only since 2008. Although this one was some way over its reserve, these "cut-price Daytonas" represent very good value for money, and this was still a decent deal at the price paid.

1972 Ferrari 365 GTC/4 coupe
Company: The Worldwide Group
Location: Auburn, IN
Date: August 30, 2008
Sold at: $159,500

Older top-quality Swiss restoration, driven lightly since. Polished Borrani wires, replacement Ansa exhaust. Nice door and panel fit, very good repaint is just starting to show light polishing swirls. Chrome has a nice sheen but is not mirror-like. Near flawless black-out trim front and rear, Scuderia Ferrari badge added to rear valance. Interior could pass as new due in no small part to dealer style protective plastic carpet covers and non-authentic vinyl upholstered dash.

My, how much things change in seven years. Last seen at RM’s Monterey auction in August ’01, selling for a then spot-on market price of $55k (SCM# 23167). Once one of the relatively more economical ways to get into a V12 Ferrari, 365 GTCs have seen values go nowhere but up in leaps and bounds. The angular Pininfarina bodywork is better appreciated with 21st Century eyes, and I'm willing to bet no one calls these bastardized Daytonas anymore. A decent deal for both parties.

1972 Ferrari 365 GTC/4 coupe
Company: Bonhams
Location: Sussex
Date: June 22, 2007
Sold at: $73,400

Good body with no obvious faults, fair paint shoes some age and recent use. Trim slightly creased at the driver's side, glass and brightwork nice. Purposeful engine bay has no surprises, tires and rims unmarked.

First seen at Coys London in February ’86, where it sold at $270,544 (SCM# 8114), later sold at Bonhams Sussex in September ’04 for $57,316 (SCM# 35073). This was one of only 32 built in RHD, but it had small issues evident just about everywhere. With recent servicing by a respected U.K. specialist, this was a fair example that raised what can be considered fair money in this market.

1972 Ferrari 365 GTC/4 Converted spyder
Company: Barrett-Jackson
Location: Scottsdale, AZ
Date: January 18, 2007
Sold at: $121,000

Coachwork by Scaglietti. Good paint with many polish swirl marks and a few touched-up chips. Good panel fit, nicely trimmed (but someewhat loosely fitting) tonneau cover hides the chop site. Excellent chrome and black trim, good interior with creased but not cracked seats and some fading to burlwood console trim.

Stated to be one of four chopped by Scaglietti. Attractive in a way the Mondial could only dream of. A no-sale in January ’93 at the Kruse Scottsdale auction at $60,000 (SCM# 592), sold at Barrett-Jackson Scottsdale in ’02 for $108,000 (SCM# 26919). Having covered just 724 miles a year, it basically sold at the same price five years later—hardly a gold-plated investment.

1972 Ferrari 365 GTC/4 coupe
Company: Sportscar
Location: Geneva
Date: October 7, 2006
Sold at: $51,100

Nice bodywork with good gaps let done by a poor repaint. Front bumper marked heavily from parking lot exploits. Trim and glass unmarked. Nice Borranis, interior shows gentle usage with no marks or tears.

From a Swiss collection. Despite the nice wheels and clean interior, the general level of fit and finish was lacking. The sale price was on the money.

1972 Ferrari 365 GTC/4 Coupe
Company: Bonhams
Location: Goodwood
Date: September 16, 2005
Sold at: $54,119

One of only 39 in RHD. Has a later 4-liter engine from a 400GT. An older restoration, but the panels are sound, and the paint shows only minor marks. The finish to the Borranis is poor.

This was fair money for a solid Ferrari. Granted, it's missing the motor it came with, but who buys these cars for the motor? It's the nose we love.

1972 Ferrari 365 GTC/4 Coupe
Company: Bonhams
Location: Brookline, MA
Date: April 30, 2005
Sold at: $67,000

Nice paint, however the bodywork underneath it shows plenty of waviness--looks more like poor prep than damage. Glass and blackout trim look very good; rear window bottom is in need of some good cleaning, perhaps removal is in order. Unappealing interior velour with bad barstool vinyl in the console. Represented as once being Bill Harrah's personal ride, with velour ordered by him.

A much higher sales price than I would have expected. I've seen plenty of these cars on the marketplace in the past year. I haven't seen a car with this many needs make this kind of price, but the C/4 market has been active of late. If the mechanicals are okay, this will probably turn out okay for the buyer over the long run. Just a very high price today.

1972 Ferrari 365 GTC/4 Coupe
Company: Bonhams
Location: London
Date: December 6, 2004
Sold at: $81,868

Borranis, a/c. Restored in the late 1990s. Panels and fit excellent; paint unmarked. Wheels nice and shiny. Interior retrim still fresh-looking. Very sharp.

One of only 500, just 39 of which were in RHD. Due mainly to their pronounced nose lip and crude rear fender, the 365 GTC/4 has tended to be regarded as the ugly duckling of the Ferrari clutch, and, as a result, one of the most undervalued models. That, despite being more practical than the contemporary Daytona. Sitting on its Borranis, this one actually looked the business, so much so that the buyer thought it worth paying a very generous figure.

1972 Ferrari 365 GTC/4 Coupe
Company: Bonhams
Location: Beaulieu, Hampshire
Date: September 11, 2004/span>
Sold at: $55,890

Supplied new to Chinetta of Chicago. Acquired in 1992 by second owner/vendor in Hong Kong. Very well restored there. Still very clean and tidy with unmarked paint, brightwork and interior. Definitely genuine low-mileage engine bay. Well presented.

The lovely condition of this forever-ugly-nosed Ferrari brought good money.

1972 Ferrari 365 GTC/4 Coupe
Company: Bonhams
Location: Sussex
Date: September 3, 2004
Sold at: $57,316

1 of 32 with RHD. Reclining front seat option. Good service history with known specialists. Panels straight with no signs of rot or repair. Well repainted at some time. Interior likely original and slightly worn.

Quite rightly, the buyer reckoned that this nicely presented 365GTB/4 (with benefit over more brutish Daytona of ZF power-steering and servo-assisted brakes) was worth paying $4k over the sale estimate. Even with its ugly nose, this model has been seriously underrated by the market.