Room for Four: 1972 Ferrari 365 GTC/4

Yes, the $179,000 asking price is a tad eye-watering, but these Ferrari 365/GTC-4s don’t show up all that often. And prices for these 2+2s have been rising as of late, after seemingly falling victim to the fate of any Ferrari that could accommodate more than two passengers (meaning they were somewhat unpopular.) All that said, this one still has a few issues that may make its price tag optimistic, including a non-matching engine. Find it here on eBay and currently living in Ohio.

The seller mentions he plans to bring the Ferrari to Knoxville, Tennessee next month, so it won’t be in Ohio for much longer. The seller says the engine, drivetrain, and interior are all from a donor 365, which begs the question as to what happened to see this one to warrant such a replacement. Engine compartment fire? Theft? Vandalism? Lots of questions here, and ones that are particularly relevant on a car with a value deeply impacted by provenance.

Some issues are noted, starting with an oil leak that appears when the car is running. In addition, wiring issues are affecting the left rear turn signal and headlight lift mechanism, and the tachometer drive cable also needs replacing. Those are somewhat wonky issues, and wiring is always a cause for concern if it stems from a poor accident repair. The seller notes the tires should be replaced, and that the chain case on the engine has been previously damaged and repaired.

Some of the concerns can be partially alleviated due to what the seller is including in the sale, such as an undamaged chain case (the seller also notes the damaged unit could be the source of the oil leak.) Other concerns include a damaged and repaired engine block gearbox mounting flange, but again, a replacement engine block presumably with an undamaged flange is included. Overall, this rare 365 GTC/4 is a mixed bag, and I’m not sure the asking price aligns with the disclosed issues. What do you think a fair price would be?

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Comments

  1. Scott Williams

    $179k and the seller provides 5 poorly lit photos.

    1
  2. JimmyJ

    I had to google it to see what it looks like….

    1
  3. Kevin Harper

    Vintage Ferrari prices are falling, and it is a pretty steep drop. They have lost about 20% in the last 2 year’s and this car is following the trend.
    With the multitude of issues with this car it would be lucky to bring in 150k.
    Oh the cost of buying one is falling, but parts and labor cost are still the same and very expensive.

    2
  4. Sparkster

    As a kid in the early seventy’s I would ride my Schwinn Varsity 10 speed down to the Newport Beach, Ca. Ferrari dealer. Many times I was torn between the looks of this model and the Ferrari Daytona coupe. Anybody here know the differences in the engines ?

    • Kevin Harper

      Actually a lot but you are taxing my Ferrari knowledge.
      Here is what little I know the 365gtc4 motor that we have here is known as a 101 motor, the 365 daytona is called a 251.
      Big difference is that the 251 used down draft carbs and a dry sump. The 101 uses side drafts and a dry sump.
      Because of the side drafts the engine is a little wider but it also loses height which allowed a lower hood line.
      Cams are also different and they are milder in the 101 as it was more of a cruiser than a bruiser.
      Overall the engines are similar but differ in all the details like the ones I have mentioned

      • Kevin Harper

        Correction meant wet sump on the 101 engine

      • Peter

        Back in about 1980 when I was at university a friend’s father allowed us to clean his 365GT 2+2 (different body, not the C body here) and then we could have it for the rest of the day to drive.

        As it was a GT cruiser, it was fitted with three downdraft webber carbs, with less horsepower and 5-speed manual. I remember overtaking a slower car with a steep hill in front of us. Dropped down to third gear and woosh – steep hill had no effect.

        Note in the photo above the webber inlets enter from the side just below the inlet cam cover and the exhaust cam is below the webber bodies. I presume this means the carbs have to be removed to adjust the valve clearances.

  5. peter r

    Prices may have declined on some models but I believe that redone these will still bring $3-400K

    1
  6. TimM

    Looks like a good price to me considering what I’ve seen these cars bring!!!

  7. gaijinshogun

    These were relatively inexpensive not too long ago. Back in the day, they were given the unfortunate nickname “clown face” with Ferrari’s early attempt at a non-chrome Federal bumper. It further hurt it’s image when GM lifted the some of the key design elements for the Chevy Monza.
    Looks like some of that stigma has passed as the generations move on, and the car can be appreciated in all of it’s ‘70’s glory.

    1
  8. John

    Perhaps he means that it needs $179,000 in repairs. This car has enough issues to eliminate it from serious consideration for most who might be otherwise interested. Caveat emptor.

    1
    • DSteele

      Owning the Prancing Horse does come with a lot repairs
      that is part of the charm I guess
      Ask Joey Kramer (from Aerosmith) about repairing a Ferrari. He made a business out of it!!!

  9. Sparkster

    Kevin Harper thanks for the info on the engine differences. I still own the Schwinn Varsity, but I don’t think it’s appreciated enough in value to do straight across the board trade for this Ferrari.

  10. DSteele

    I would love to own any V12 from Ferrari
    You can paint me in that picture

  11. t-bone Bob

    too much

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