Legacy Metrics

1972 Ferrari 365 GTB/4 Spider Competizione by Michelotti

15965racingItaly
Engine
Competition Group IV unit, 4.4L V12, high-lift cams, racing exhaust headers, elevated compression ratio; ~420 bhp at 6,400 rpm (road tune)
Colour
Red, white, and blue tricolor livery

The 1972 Ferrari 365 GTB/4 Spider Competizione (chassis 15965), rebodied by Michelotti on behalf of Luigi Chinetti's North American Racing Team, stands as arguably the most historically significant of four such conversions. Unveiled at the 1975 Geneva Motor Show, it was prepared for Le Mans with a competition Group IV engine from a race-proven Daytona, though Chinetti's last-minute team withdrawal denied it a start. Subsequently entered at Daytona in 1978, it was again withdrawn under protest. Later campaigned extensively in European historic competition, the car has covered approximately 14,000 miles from new and remains in active use.

Ownership

  1. Auction sale
    Estimate US$2,300,000 – US$3,500,000

    RM Sotheby's catalogue lot →

  2. 1975 → 1975Factory delivery
    North American Racing Team (Luigi Chinetti)
    partial documentation

    Chinetti commissioned the Michelotti conversion and used the car for the 1975 Le Mans campaign; after withdrawal from the race the car was shipped to the United States.

  3. 1975 → 1978Private sale
    Dan Ward
    partial documentation

    Ferrari enthusiast based in Los Angeles; described as the first private owner after the car arrived from Europe.

  4. 1978 →Acquisition unknown
    Otto Zipper
    partial documentation

    Entered the car at the 1978 Daytona 24 Hours; relationship to the car beyond this entry is not specified.

  5. → 1987Acquisition unknown
    John Mecom Jr.
    partial documentation

    Houston-based oil businessman and motorsport team owner; had the car fully reconditioned for road use at considerable expense before selling it.

  6. 1987 →Private sale
    Patrick Ryan
    partial documentation

    Brought the car to a Ferrari Club of America national gathering in Georgia, where it was reunited with Chinetti alongside other former NART vehicles.

  7. 2006 →Acquisition unknown
    Current consignor
    partial documentation

    Acquired with roughly 6,834 miles on the odometer; had the car repainted and retrimmed in original livery colors and entered it extensively in historic competition across Europe and North America.

Competition

  1. 1975
    1975 Geneva Motor Show
    Star exhibit at Michelotti stand

    Car displayed in an unusual tricolor livery as the centerpiece of Michelotti's Geneva stand immediately after conversion was completed.

  2. 1975
    1975 24 Hours of Le Mans
    Driver: Jean Pierre MalcherWithdrawn before start

    Qualified in the GTX class with a lap of 4:31:08; co-driver Patrick Langlois. Chinetti pulled the entire NART team roughly 88 minutes before the race began following a dispute with the ACO over the eligibility of another entry.

  3. 1978
    1978 24 Hours of Daytona
    Driver: Don DevendofWithdrawn after protest

    Entered by Otto Zipper with Jeff Kline and Michael Keyser as co-drivers; withdrawn following a protest from Peter Gregg regarding the non-standard Michelotti bodywork.

  4. 2007Tour Auto
    2007 Tour Auto

    First of three Tour Auto participations under the current owner.

  5. 2008Le Mans Classic
    2008 Le Mans Classic

    First of three Le Mans Classic appearances under current ownership; car also competed in the Shell Historic Ferrari Maserati Challenge and European Ferrari Challenge during this period.

  6. 2010Le Mans Classic
    2010 Le Mans Classic
  7. 2014Tour Auto
    2014 Tour Auto
  8. 2015Tour Auto
    2015 Tour Auto
  9. 2016Le Mans Classic
    2016 Le Mans Classic
  10. 2018
    2018 Amelia Island Concours d'Elegance
    Amelia Award winner

    Entered as part of tributes marking 50 years of the Ferrari Daytona and 60 years of NART.

  11. Ferrari Club of America National Meet, Lake Lanier

    Car reunited with Chinetti at a gathering celebrating NART history during Patrick Ryan's ownership; specific year not stated.

Maintenance & restoration

  1. 1975Modification
    Michelotti

    Complete rebodying of the standard 365 GTB/4 by Michelotti into an open Spider Competizione with rollbar, Targa top, and competition-oriented coachwork.

    Commissioned by Chinetti specifically as a dual-purpose road and racing machine.

  2. 1975Engine rebuild
    Diena

    Original road engine replaced with a Group IV competition unit sourced from chassis 15685, incorporating high-lift camshafts, racing exhaust manifolds, elevated compression ratio, and side-exit exhausts. This engine had previously achieved sixth overall and second in class at the 1972 Le Mans 24 Hours.

    Preparation work carried out at Diena in Modena ahead of the planned 1975 Le Mans entry.

  3. 2002
    Restoration

    Full rebuild to Le Mans specification. Post-rebuild dynamometer testing confirmed output of approximately 420 bhp at 6,400 rpm in road trim, with up to 450 bhp at 8,100 rpm available in race configuration.

    Represents a significant uplift over the standard 365 GTB/4 output of roughly 350 bhp.

  4. 2008
    Bodywork

    Repainted and interior retrimmed to replicate the car's original distinctive colour scheme in preparation for historic competition use.

    Carried out two years after the current owner's acquisition in 2006.

  5. Restoration

    Comprehensive reconditioning to road-going standard, carried out by or on behalf of John Mecom Jr. at considerable expense.

    Work undertaken during Mecom's ownership to make the car fully usable on public roads.

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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.