Legacy Metrics

1969 Ferrari 365 GT 2+2

12521roadItaly
Colour
'Rosso Nearco' (red) over cream

The 25th U.S.-specification Ferrari 365 GT 2+2 produced, this car was delivered new by William Harrah's dealership to a jeweller and committed Ferrari collector in Salt Lake City, Utah. It accumulated around 18,000 miles in his family's hands before passing to a New Jersey owner in 1987. A third owner acquired it in late 1992 and commissioned a restoration to factory colours the following year. Retaining its original engine, the car now shows just 22,275 miles and only minor cosmetic wear.

Ownership

  1. Auction sale
  2. → 1987Factory delivery
    Richard Losee
    partial documentation

    Prominent Salt Lake City jeweler and longtime Ferrari customer; car was delivered via Modern Classic Motors and used as a family vehicle, displayed for years at the Kress Building in Provo. Sold as one of the last cars to leave his collection in 1987.

  3. 1987 → 1992Private sale
    Dan Margolin
    partial documentation

    New Jersey-based buyer who acquired the car shortly after it left the Losee collection; offered it for sale in 1992 as a two-owner example still in its factory color combination.

  4. 1992 →Private sale
    Third private owner
    partial documentation

    Purchased late in 1992; commissioned a full restoration to original specification in 1993. Car has seen minimal use since, accumulating just over 22,000 miles total.

Competition

No competition history extracted from the catalogue.

Maintenance & restoration

  1. 1993
    Restoration

    Full restoration returning the car to its original factory colour scheme of Rosso Nearco over Crema with Rosso carpets; photographic documentation of the work was retained.

    Commissioned by the third owner shortly after acquisition in late 1992.

Are you the owner of this car?

This car's public record is built from its auction and competition history. Register your ownership and privately add your own records to make it a verified Legacy Metrics passport — provenance that backs your car's value at sale and gives your insurer evidence to price against. Roy reviews and verifies every registration personally.

Each chassis record is compiled from public auction archives and links to its source material. Ownership, competition and maintenance entries are extracted from those catalogue listings by an LLM, which can make mistakes — please contact us with any corrections. The summary is Legacy Metrics’ own writing; we do not reproduce catalogue text.

“Full” and “partial” documentation labels indicate how well each entry is corroborated in the underlying sources, not an audit of the car’s physical paperwork. Names of recent or living owners are withheld for privacy.