Legacy Metrics

1975 Osella PA3

PA029racingItaly
Engine
BMW M12

The Osella PA3 (chassis PA029) is a 2-litre Italian sports-racing car powered by a BMW M12 engine, built during the mid-1970s when Osella produced some of the most competitive machinery in its class. The car competed in the 1976 4 Hours of Monza and later passed through British ownership, undergoing a thorough ground-up rebuild that included a new monocoque and replacement engine. In subsequent historic competition it proved highly effective, claiming four outright wins in the 2014 HSCC Martini series and drawing praise from racing driver Ian Flux as the finest 2-litre sports car he had experienced.

Ownership

  1. 2015-07-23Auction sale
    Sold £125,000 (≈ $156K)

    Iconic Auctioneers catalogue lot →

  2. 2024-08-24Auction sale
    Estimate £120,000 – £140,000

    Iconic Auctioneers catalogue lot →

  3. → 2011Private sale
    Colin Pool
    partial documentation

    Acquired from Francesco Molina in the early 1990s and was reportedly responsible for bringing most UK-based Osellas into the country. The car was primarily used for hillclimbing during his tenure.

  4. 2011 → 2015Private sale
    Previous owner
    partial documentation

    Commissioned a comprehensive two-year rebuild including a new tub and replacement engine, then actively campaigned the car in historic events between 2011 and 2014.

  5. 2015 →Auction
    Current owner
    partial documentation

    Acquired at a Silverstone auction in 2015 and campaigned the car in historic motorsport, with all maintenance carried out by TT Motors regardless of cost.

  6. Date unknownAcquisition unknown
    Francesco Molina
    partial documentation

    Based in Pescara, Italy; sold the car to Colin Pool in the early 1990s.

Competition

  1. 1976
    1976 4 Hours of Monza
    11th overall
  2. 2011HSCC Martini
    2011 HSCC Martini, Brands Hatch
    DNF — fuel pressure failure

    Running in fourth position when fuel pressure issues ended the car's first outing following its rebuild.

  3. 2013
    Donington race 2, 2013
    DNF while leading

    Was leading when detached bodywork forced retirement, denying a second consecutive win.

  4. 2013
    Donington race 1, 2013
    1st

    First of two races entered at Donington that year; resulted in a win.

  5. 2014HSCC Martini
    2014 HSCC Martini series
    1st in all four rounds entered

    Entered four races and won every one; Ian Flux drove the car and described it as the finest 2-litre sports car he had experienced.

  6. 2023
    2023 Silverstone Festival

    Most recent competitive outing; recorded a lap time of 2:05.9.

Maintenance & restoration

  1. 2011Restoration
    Martin Slater / Lyncar

    Full ground-up rebuild commissioned by the then-new owner: a fresh monocoque was fabricated by Martin Slater of Lyncar, a replacement BMW M12 engine was sourced from Wassermann, and every remaining component was either overhauled or renewed. The process spanned approximately two years.

    Replacement engine procured from Wassermann. Work targeted race-winning specification throughout.

  2. Engine rebuild
    TT Motors

    BMW M12 engine rebuilt by TT Motors during the current owner's tenure; approximately 200 miles recorded since completion out of a projected 1,000-mile service life.

    Described as a recent rebuild at time of cataloguing.

  3. Service
    TT Motors

    Ongoing maintenance and care carried out by TT Motors throughout the current owner's period of use, with expenditure not treated as a limiting factor.

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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.