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"

• Comprehensive 2000 restoration by Ron Tonkin Gran Turismo

• Low-mileage example

• Rare “Chairs and Flares” option combination

• 2012 interior restoration

Debuting at the Geneva Motor Show in the spring of 1972, Ferrari’s new removable-top version of the scintillating Dino 246 added exhilarating open-air sensibilities to the model’s renowned handling and lusty performance.

Enzo Ferrari’s late son Alfredo, known to his family as “Dino,” inspired the Ferrari of the same name. Groomed and educated to eventually assume the reins of his father’s company, Dino Ferrari was an early proponent of small displacement six-cylinder technology. After earning his engineering degree, he began development of a new V-6 racing engine before his tragic death at the age of 24. To honor his son’s memory, Enzo directed the legendary engineer Vittorio Jano to finish Dino’s work, thus creating a series of very successful engines that ultimately powered various Ferrari Formula 1 and 2, as well as sports-racing, cars.

A number of years later, Ferrari built a prototype Dino 206 GT, which was first displayed at the 1965 Paris Salon. This was followed by an updated concept shown at the Turin Motor Show in 1966, which was later put into production in 1968. Powered by the 180 brake horsepower 1,986-cc V-6 engine, it was not only Ferrari’s first mid-engine production car, but it also represented the debut of a new Ferrari-based Dino brand that, in keeping with Enzo’s intention to honor his son, was entirely devoid of Ferrari badging. When the production Dino 206 GT first appeared, numbers were so limited that almost all were sold within Italian borders, with very few escaping to other parts of the world. Regardless of marketing, the car’s Ferrari heritage was clear, and performance became even more exhilarating in 1969. The V-6 was enlarged to 2,418 cc, and the output increased to 195 horsepower in the Dino’s ultimate evolution, the 246 series.

Later in the 246 GTS’s production run, American-export versions were increasingly equipped with sporty new 7½-inch wide Campagnolo wheels, which required wider flared fenders to meet U.S. safety regulations. Examples of these 246 Dinos that were additionally equipped with Daytona sport seats became particularly collectable, earning them the moniker “Chairs and Flares” cars.

Though official records of this option combination were not recorded by the factory, experts generally concur that no more than 250 cars were so optioned worldwide, with approximately only 91 of them coming to the United States. As such, “Chairs and Flares” Dinos have become increasingly prized within the Ferrari community for their rarity and distinctively sporty appearance.

Finished in its original shade of Fly Yellow, this handsome 246 GTS is one of the 91 American export cars that were originally equipped with the “Chairs and Flares” option combination. Though the identity of the original owner is currently unknown, by 1978 this Dino was acquired by Larry Foy of San Francisco, California. In 1981, the Dino was acquired by Dr. Larry M. Stilinovic of Yakima, Washington, who retained possession of this beautiful Ferrari for a full 15 years before offering it for sale in 1996.

In August 1996, 05820 was acquired by Ron Tonkin Gran Turismo, a dealership based in Portland, Oregon that lays claim to being the oldest Ferrari dealer in the United States. Recognizing this Dino’s rarity of options and their growing cachet among Ferrari collectors, Ron Tonkin embarked on a comprehensive rotisserie restoration that took four years and amassed over $91,000 in receipts, which are included with this sale.

The restoration comprised the replacement or refurbishment of every single component and part, including a complete engine and transmission rebuild, comprehensive re-wiring and a thorough restoration with all new paint and interior. After completion in January 2001, this 246 GTS was proudly displayed in the Tonkin showroom before being acquired in 2002 by an enthusiast in Scottsdale, Arizona, from whom it passed to a well-known Ferrari collector based in Southern California.

Recently prepared for this sale with an all-new interior, this 246 GTS has also been fastidiously detailed with new correct undercarriage coating, color-sanded paint and fresh Michelin XWX tires. Still displaying just over 33,500 miles, only about 625 of which have accrued since its comprehensive restoration, we understand this “Chairs and Flares” Dino drives very well and wants for nothing. It is accompanied by original manuals and offers its next owner the irresistible thrill of one of Ferrari’s most legendarily spry street performers.

Please note this vehicle is titled as a 1974 model year.