Ferrari launched the 330 GTS at the Paris Auto Salon in 1966. As the successor to the 275 GTS and the convertible counterpart to the 330 GTC coupe, it received various updates that improved its performance and refinement. Perhaps the most significant upgrade was the shift from a 3.3-liter V-12 to the Tipo 209/66 4.0-liter engine. Breathing through three twin-choke Weber DCZ/6 or 40 DFI/2 carburetors, it produced 300 horsepower at 7,000 rpm and 244 pound-feet of torque at 5,000 rpm. The increased output enabled a 0-60 mph sprint of around six seconds and a top speed approaching 150 mph.

Power was routed to the rear wheels through a five-speed manual transaxle connected to a ZF limited-slip differential. The Tipo 592 chassis featured the same wheelbase, track, and layout as the 275 GTB/4 and facilitated class-leading driving dynamics with its fully independent suspension comprised of unequal-length wishbones, coil springs, and Koni hydraulic shock absorbers, plus anti-roll bars at both ends. Four-wheel Girling vented disc brakes sat behind either standard Campagnolo magnesium alloy or optional Borrani wire wheels.

The front-end design drew inspiration from the 500 Superfast with its protruding, slim, oval radiator grille, recessed headlights, split bumper, and triple-louvred fender vents, while the rear was nearly identical to that of the popular 275 GTS. The bodywork was mostly steel, other than the doors, hood, and trunk, which were formed from aluminum. The production process saw bare chassis transported directly from Ferrari’s manufacturing facility in Maranello, Italy to Pininfarina’s plant at Grugliasco outside Turin, where they were fitted with bodywork and interiors before being sent back to Ferrari for final mechanical installation. An elegant swage line along each flank tied the new front end to the rear, and the overall design is widely regarded as one of the best from the 1960s. It is also one of the most coveted, with only 99 believed to have been built.

The 1967 Ferrari 330 GTS offered here was delivered new to Luigi Chinetti Motors in New York in May 1967 and was promptly sold to its first owner, Gary Fader of Marietta, Georgia, that same month. Mr. Fader would retain the car until at least 1987, according to a detailed report by Ferrari historian Marcel Massini. In 1989 and early 1990, the 330 GTS was listed for sale. A 1990 sales listing described the car as having one owner, a new soft-top, air conditioning, power windows and Borrani wire wheels.

By 1994, the 330 GTS, then showing 39,000 miles, had found a new owner, one John Winter of Windemere, Florida. In October 1996, it was acquired by Walter Medlin, with whom it has remained ever since.

This 330 GTS appears to retain its factory-correct color scheme of Argento Metallizzato with a black convertible top over Nero Franzi leather. Retaining its numbers-matching engine and gearbox, the Ferrari requires mechanical and cosmetic recommissioning, with the interior being partially disassembled. Having been in storage for many years and only recently discovered and offered from the Lost & Found Collection, it is an excellent candidate for a full restoration, particularly as it is said to have never been exhibited at a concours event, affording its new owner the distinct privilege of being the first to showcase its rare beauty.