Lot 356

Monterey 2022

1970 Ferrari 365 GT 2+2 by Pininfarina


$280,000 USD | Sold

United States | Monterey, California



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Engine No.
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US Title
  • Just the 25th US-delivery 365 GT 2+2 produced, with known history from new
  • Equipped with its numbers-matching “Colombo” V-12 engine
  • Sold new through William Harrah’s Modern Classics to famed Utah Ferrari enthusiast Richard Losee
  • Accompanied Massini history report; recipient of an extensive recent service by noted marque expert Patrick Ottis of Berkley, California
  • An elegant Ferrari grand tourer ideal for rallies and tours
Please note that this lot is titled as a 1970.

Introduced to the world at the 1967 Paris Motor Show, the 365 GT 2+2 replaced the 500 Superfast as the standard-bearer of Ferrari’s grand touring line. With elegant, yet imposing lines crafted by the artisans at Pininfarina, the model was the first Ferrari to feature power steering, brakes, and air conditioning as standard features. A single-overhead-camshaft, 4.4-liter V-12 engine with triple twin-choke Weber carburetors produced over 300 horsepower. The most luxurious offering from Maranello for 1967, the 365 GT 2+2 was good for sprints to 60 mph in just over seven seconds on its way to a top speed approaching 150 mph.

The 365 GT 2+2 offered here was only the 25th US-specification 365 GT 2+2 built. It was delivered by casino magnate William Harrah’s famous Modern Classic Motors in Reno, Nevada to Richard Losee of Salt Lake City, Utah. A prominent and successful jeweler, Mr. Losee was also a great automobile enthusiast and regular Ferrari customer for much of his life, buying many of the company’s great models of the 1960s and 1970s.

The car’s second owner commissioned a restoration in 1993 to the original livery of Rosso Nearco over Beige Connolly leather upholstery. Accompanying the sale is an extensive collection of restoration photography. Used sparingly since its restoration, its correct Beige Connolly leather upholstery wears a welcoming patina.

The Ferrari retains its numbers-matching V-12 engine, as indicated by the accompanying report by marque historian Marcel Massini. This impressive powerplant was the recipient of an extensive recent service by noted vintage Ferrari expert Patrick Ottis of Berkley, California. Work performed included a full engine tuning, rebuilding the radiator including new hoses, and rebuilding the suspension. The car’s factory Borrani 15-inch wire wheels were also fitted with new tires at this time.

A desirable, early production example benefitting from an older restoration that is aging well, this Ferrari 365 GT 2+2, retaining its numbers-matching V-12 and wearing a stunning factory-correct color scheme, is sure to reward its next caretaker. An appealing prospect for display, its power and comfort also make it an excellent candidate for rallies and long-distance touring.