SOLD 01/24

1970 Ferrari
365 GT 2+2

Matching numbers and offered with Marcel Massini Report. Family-friendly strong running example ready for rally events, or to drive daily.

  • VIN12989
  • Exterior ColorRed
  • Interior ColorBlack leather
  • Mileage38835 Kilometers (TMU)
  • Engine4.4L V12
  • Transmission5-Speed manual
  • StatusSold
  • StockFJ2824


1970 Ferrari 365 GT 2+2
s/n 12989, engine no. 12989
Rosso Corsa (Red) with Nero (Black) Leather Interior

For decades, astute collectors have sought Ferraris that can be driven enjoyably with friends and family members either for personal outings or as part of touring events hosted all over the world. During the 1960s, this same sentiment had allowed Ferrari to capture a larger market share with the addition of rear seating accompanied by more luxurious driving amenities. Beginning with the successful 250 GTE, the 330 GT 2+2 followed in 1964, eventually succeeded by the 365 GT 2+2, Ferrari set a new tradition of excellent four passenger touring cars. Debuting at the 1967 Paris Auto Show, the elegant Pininfarina body, influenced by the limited production 500 Superfast and 330 Speciale, had dramatic front and rear overhangs, beautiful side glass, and handsome if not stately proportions. The 365 GT 2+2 not only offered tremendous performance, but it was also truly a superlative grand touring car, readily impressing both sportscar enthusiasts and the motoring press.

With its 320 bhp 4.4 Liter V12 engine and five-speed gearbox, 0-60 times were achieved in a remarkable 7.0 seconds with a top speed of 150 mph. Girling four-wheel ventilated disc brakes, independent suspension all round, and Koni's hydro-pneumatic self-leveling system (to aid in weight balancing for rear passengers), delivered engaging performance with refined driving manners. Interior noise and vibration were vastly improved using isolating rubber drive-line mounts and, with ZF power-assisted steering, power windows and air conditioning as standard equipment, comfort and performance were beautifully coupled together in a Ferrari fit for royalty. Which is partly the impetus for the nickname these cars earned when first reviewed by Road & Track as the “Queen Mother of Ferraris”. With a wide track and increased trunk capacity, the 365 GT was larger than previous Ferraris, but its size did not diminish the performance capacity or nimble road characteristics so highly desired by Ferrari owners.

According to Ferrari historian and expert researcher Marcel Massini, his report accompanying this Ferrari indicates #12989 was completed in March 1970 and subsequently delivered new to Montreal, Quebec importer George Woodley. One of just 809 built, internal records indicate this example is the 556th built. Records further indicate that the car was delivered from the factory finished in the rare exterior color Grigio Mahmoud with Nero (Black) leather interior. By 2005, the car had been purchased by Ontario, Canada collector Hugh Welsford, who is believed to have purchased it from the original owner. In 2013, Welsford would sell the car to the third owner, a resident of Venice, CA where it would pass on to the next owner. In early 2018, under prior ownership, this Ferrari was treated to a major service including a complete fluid flush, new battery, a rebuild and re-core of the original radiator, new alternator, a set of spark plugs, ignition consumables, clutch kit, rear seal, filters, a period-correct ANSA exhaust system, and four new Michelin XWX radial tires. The current owner purchased the car in August 2021 at the RM Sotheby’s Monterey, CA auction.
Shortly after the current owner purchased this Ferrari, the car was extensively serviced by Ferrari experts at The Intrepid Motorcar Company Inc., Sparks, NV. Beginning in October 2021 service invoices accompanying the car include a compression test with passing results, repacking for the front wheel hearings, new spark plugs, oil and filter change, and rebuilding for the driver’s side seat track. Work continued in November 2021 including flushing the brake system, correcting electrical items, recharging AC, a new battery cable, cleaning and detailing all four removed wheels with new wheel weights, replacing bad rollers at #9 and 10 cylinder found on the rocker arms, new cam follower set needles, and cam cover gaskets. The clock was removed and repaired, a new Smith motor installed, crossover fuel tubes replaced, single speed wiper motor repaired, Lucas switches rebuilt, and paintless dent removal performed on the driver’s side door. In December 2021 the car was further serviced including modifying and overhauling the amp gauge, continuing with electrical service to door lights, door adjustments, and polishing for stainless steel trim. Services concluded in Jan 2022 with further sorting, additional electrical work, a new manual heater valve, new pedal pads, and test driving. In total, over $25k was spent in recent services under current ownership.

Today this beautiful 365 GT 2+2 exhibits a handsome, cohesive visual appearance with very good quality red paint showing consistent and deep gloss throughout. Panel fit is quite good overall, owing to what appears to be original factory body panels. The doors exhibit crisp closures while the hood and trunk open and shut properly. There are just a few very minor paint blemishes on the exterior and in some inner surface areas, however none of note to take away from the clean and dramatic visual presentation. The exterior chrome is in excellent condition, with just a few minor imperfections visible upon closer examination. The trim and emblems are nicely finished and detailed. The 15” Borrani wire wheels and triple ear knock-off hubs, are shod with correctly sized Michelin XWX tires, all of which remain in excellent condition. The lighting and lenses are all very nicely preserved with excellent red and orange color. One low beam headlamp is currently not functional. Glass and surrounding trim are in very good condition with only minor road marks evident on the windshield. In all, the elegant Pininfarina coachwork presented in this series captures all the grace and power of the Ferrari legend.

The black leather interior has been properly maintained displaying a combination of original and restored elements. Overall, the interior is handsomely composed echoing the performance heritage of this refined car. The dashboard and instruments are beautifully maintained exhibiting excellent color, clarity, and bright contrasting numeric indication. The inlaid wood dashboard is in very nice condition, draping downward into the center console, which features secondary instruments, a factory Becker Europa AM/FM stereo, air conditioning vents, electric window switches, and the highly desirable 5-speed manual shifter. Although this car is outfitted with air conditioning, and the compressor fan is running when actuated, the system is currently not blowing cold. The wood rimmed steering wheel is beautifully finished with a warm feel to the rim and satin aluminum low glare hub and spokes. The headliner, door panels, and dash pad are clean and tidy delivering an overall visual appearance of luxury materials – a hallmark of fine Italian craftsmanship. Throughout the interior, a range of delicate and refined switches, handles, interior components, and details have been addressed with thoughtful considerations toward originality, composed with an honest blend of carefully restored finishes and original elements. The trunk compartment black carpet remains in excellent overall condition housing a Borrani spare wire wheel with Goodyear Eagle tire, tire jack bag, and tools.

Under the hood, the original matching numbers engine delivers a very satisfying visual impression, with correct factory type finishes and tidy presentation. Features include generally correct hoses, lines, and fasteners, as well as a correct air cleaner, correct black textured cam covers, with some modest considerations for modern updated elements including a newer replacement alternator. While the engine compartment has not been prepared to concourse show level, and some finishes show signs of age, the engine and engine compartment can be enjoyably displayed at any local car event with confidence and pride. The underside of the car is clean and well-tended with no visual evidence of structural compromise. Though the underside is not prepared for show, the components support the original and undisturbed structure and mechanical integrity of the car. Of particular note is the more recently replaced and correct ANSA exhaust system.

The car starts easily and settles into a smooth idle while warming to operating temperatures. Gentle blips of the throttle reveal crisp V12 sounds and a sonorous exhaust note. Once behind the wheel, it’s evident why these Ferraris have become favored by enthusiasts who enjoy driving them on club events. Excellent visibility, comfortable seating, ample interior space, and trunk space, combined with air conditioning and other comfort amenities make for the very best in Gran Turismo driving. The gearbox and clutch work well together, braking is excellent overall, and the suspension delivers wonderful cornering in harmony with the power steering. The car comes with a jack bag and tire changing tools, yellow tire stop, a set of tools in a correct tool roll, safety triangle, and full sized Borrani spare wheel and tire.

This Ferrari 365 GT 2+2 offers a handsome combination of very rewarding cosmetics and excellent mechanicals. Delivering both performance and luxury, the sporting red finish and contrasting black interior presents the iconic Ferrari livery with confidence. This beautiful Ferrari is ready for club events, tours, or enjoyable drives through lush mountain roads, forever delivering on the traditions of Gran Touring excellence heralded by the unmistakable Ferrari name.

The above vehicle information is complete and accurate to the best of our knowledge at the time it is posted to this website. Corrections or additional information is always appreciated. All advertised prices exclude government fees and taxes, any finance charges, any dealer document preparation charge, and any emission testing charge. Vehicles are subject to prior sale. All advertised to be true but not guaranteed. We assume no liability for errors or omissions.

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Fantasy Junction  •  510-653-7555  •  1145 Park Ave, Emeryville, CA 94608