Just like position is everything when it comes to real estate.
The badge on the front of a car determines what price it will command.
And, if that badge is the Ferrari Prancing Horse, then it’s money in the bank.
At least it was for the owner of a 1972 Ferrari Dino 246GT which went to auction this week.
In 1972, the Dino was the cheapest Ferrari you could buy, but at Shannons Sydney Spring sale on Monday, it produced something special, comfortably accelerating through its guiding range to bring the hammer down at a whopping $550,000.
The UK-delivered, factory right-hand drive Ferrari made its way to Australia in the 1970s and had been in the hands of its current Australian enthusiast owner for the past 20 years.
Offered in strong mechanical condition, with just over 1600km reportedly covered since its mid-mounted V6 engine, gearbox and suspension were rebuilt, bidding opened at $360,000 before selling to another Ferrari enthusiast in Shannons Sydney auction room.
Described as one of Pininfarina’s most beautiful designs, the Dino’s evolution began with a series of racing prototypes powered by V6 engines in the 1950s.
It was named after Enzo Ferrari’s son, who proposed the mid-mounted layout as an alternative to the existing V12s – before his life was cruelly cut short by illness in 1956.