There aren’t many running Ferraris you can buy for less than $100,000. This 1979 308 GTB could sell for less than half at RM Sotheby’s sale in Arizona on January 27. The problem? It is not street legal and has a setup for club level racing. The company estimates it at between $30,000 and $40,000, and there is no reserve.
The owner who commissioned the construction of the racing car bought this 308 GTB in 1993, but its first race did not take place until June 2012. At that time the Ferrari underwent extensive work to be more efficient on a circuit. For example, Bob Wallace, who was Lamborghini’s first test driver, rebuilt the V8 engine to be better for competition.
Almost all other components have also caught the eye. There are custom shocks, rebuilt brakes, tweaks to the carburetors and intake manifold, and a Holley fuel pump. The interior has only the bare necessities with a roll bar, a racing seat and a fire extinguisher.
The modified body evokes the Ferrari 288 GTO with elements like the diagonal vents in the rear fenders.
The owner raced it for six years at the Sports Car Club of America and the Ferrari Club of America, mostly on courses in the western half of the United States. During this period, the Ferrari received even more modifications.
According to the invoices that accompany this car, the cost of construction was over $102,000. The bid estimate suggests it could cost less than half that. In addition, the new owner discovers the joy of driving a Ferrari on the track without significant financial investment.
RM Sotheby’s also has extensive documentation to accompany the car. It includes the original 1993 purchase contract, construction notes, progress photos, logbook, diagrams and invoices. Spare parts and an extra set of wheels are also supplied with the vehicle