Legacy Metrics

1949 Ferrari 166 MM Touring Barchetta

0024 MracingItaly
Engine
Colombo V12, racing-specification configuration
Colour
Cream/light yellow and blue (Argentine national colors)

Ferrari 166 MM barchetta chassis 0024 M, the tenth of twenty-five examples bodied by Carrozzeria Touring, was completed in late 1949 with full racing specification and a Lusso interior. Ordered by the Automóvil Club Argentina in the national colours, it made its debut at the 1949 Paris Motor Show before Carlos Menditeguy drove it to Ferrari's first sports-car victory in South America at Mar del Plata in January 1950. After subsequent Italian ownership and period competition, it received Vignale berlinetta coachwork in 1954 and later a Chevrolet V-8 engine. A comprehensive restoration in the late 1980s returned it to barchetta form with matching-numbers drivetrain.

Ownership

  1. Auction sale
    Estimate €4,000,000 – €5,000,000

    RM Sotheby's catalogue lot →

  2. 1949 → 1950Factory delivery
    Automóvil Club Argentina
    partial documentation

    Car was finished in Argentine national colours and debuted at the 1949 Paris Motor Show before being shipped to Argentina.

  3. 1950-11-01 → 1951Private sale
    Luigi Francesco Zaccaria Terravazzi
    partial documentation

    Milan-based owner who acquired the car after it was returned to the Maranello factory; competed in the 1951 Mille Miglia before selling to his co-driver.

  4. 1951 →Private sale
    Aprile Palmer
    partial documentation

    Purchased the car roughly ten days after the 1951 Mille Miglia and subsequently entered it in two further competitive events that season.

  5. → 1956
    Unidentified Italian owners (three successive)
    none documentation

    Three unnamed Italian custodians held the car over roughly five years; during this period Vignale fitted a new aluminium berlinetta body in 1954.

  6. 1956-04-01 →Private sale
    Theodore Pala
    partial documentation

    Los Angeles resident who at some point had the original drivetrain swapped for a Chevrolet V-8 to keep the car roadworthy; the car was featured in a July 1959 magazine article during this ownership era.

  7. 1974-12-01 → 1986Private sale
    Gary Schonwald
    partial documentation

    Acquired through marque historian Stan Nowak; shortly after purchase tracked down and reunited the matching-numbers engine and gearbox, and had the Vignale coachwork removed.

  8. 1986 → 1989Private sale
    Keith Duly
    partial documentation

    Connecticut-based dealer who commissioned a thorough restoration: mechanical work by Jim Stokes and a new Touring-style barchetta body handbuilt by Bob Ford, completed in late 1989.

  9. 1989 →Private sale
    Santa Barbara, California enthusiast
    partial documentation

    Retained the car for approximately six years following the restoration's completion before selling to a Japanese collector.

  10. → 2008-03-01Acquisition unknown
    Second Japanese collector
    partial documentation

    Second Japanese custodian before the car returned to American ownership in March 2008.

  11. 2008-03-01 → 2011Private sale
    American owner (returned ownership)
    partial documentation

    Unidentified American owner who held the car from early 2008 until selling it in 2011.

  12. 2011 →Private sale
    Most recent American Ferrari collector
    partial documentation

    Described as a serious, world-class Ferrari collector; current consignor.

  13. Date unknownPrivate sale
    First Japanese collector
    partial documentation

    Car appeared on the cover of the Summer 1996 issue of Prancing Horse during ownership by one of the two Japanese collectors.

Competition

  1. 1950-01-15
    Mar del Plata sports car race
    Driver: Carlos Menditeguy1st overall

    Privateer entry; recorded as Ferrari's first sports car victory in South America.

  2. 1951-04-29
    1951 Mille Miglia
    Driver: Luigi Francesco Zaccaria Terravazzi8th in class

    Co-driven by Aprile Palmer; Terravazzi sold the car to Palmer approximately ten days after the event.

  3. 1951-06-03
    Coppa della Toscana

    Entered by Aprile Palmer after acquiring the car from Terravazzi.

  4. 1951-07-21
    Susa-Moncenisio hillclimb
    11th overall

    Second event contested under Palmer's ownership that season.

Maintenance & restoration

  1. 1954Bodywork
    Vignale

    Original barchetta coachwork replaced with new aluminium berlinetta bodywork fabricated by Vignale.

    Carried out during a period of Italian private ownership.

  2. 1974
    Maintenance

    Matching-numbers original engine and gearbox were sourced and reunited with the chassis; Vignale body removed.

    Carried out by or on behalf of Gary Schonwald shortly after his acquisition via Stan Nowak.

  3. 1986Restoration
    Neil Twyman

    Comprehensive restoration undertaken: mechanical work completed by Jim Stokes and a new Touring-style barchetta body hand-formed by Bob Ford, overseen by Neil Twyman of Potters Bar.

    Commissioned by dealer Keith Duly; completed in late 1989.

  4. Modification

    Original drivetrain removed and replaced with a Chevrolet V-8 engine to allow continued road use.

    Occurred during Theodore Pala's ownership; noted as common practice for period Ferrari race cars.

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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.