Legacy Metrics

1954 Ferrari 500 Mondial Spider

0406 MDracingItaly
Engine
2.0L inline-four, naturally aspirated, dual spark plugs, twin magnetos, two twin-choke Weber carburetors
Colour
Rosso Corsa (red)

Ferrari 500 Mondial chassis 0406 MD is the second example of the first-series Pinin Farina-bodied spiders, assembled in March 1954 and powered by Aurelio Lampredi's inline-four engine. Sold new to Milan dealer and Scuderia Guastalla principal Franco Cornacchia, it was campaigned by former factory driver Franco Cortese at events including the 1954 Mille Miglia and Coppa della Toscana before passing through Italian and later American ownership. The car survives in race-damaged condition, retaining its original chassis plate and matching-numbers gearbox, and awaits full restoration.

Ownership

  1. Auction sale
  2. 1954-04-01 → 1955-07-01Factory delivery
    Franco Cornacchia
    full documentation

    Milan-based sports car dealer and head of Scuderia Guastalla; purchased the car directly from Enzo Ferrari and campaigned it in several Italian events. Factory build sheets list Franco Cortese as owner, suggesting the car may have been acquired specifically for Cortese's racing use.

  3. 1955-07-01 → 1956-07-01Private sale
    Angelo Benzoni
    partial documentation

    Milan-based owner who actively raced the car in Italian events during 1956, including Monza and the Targa Florio.

  4. 1956-07-01 →Private sale
    Domenico Tramontana
    partial documentation

    Palermo-based co-driver who had raced alongside Benzoni at Monza; acquired the car from Benzoni shortly after that event.

  5. 1958 →Acquisition unknown
    American owner who exported the car
    none documentation

    Car was exported to the United States in 1958; specific identity of the importer or first US owner is not stated.

  6. → 1962Acquisition unknown
    R.W. Devereau
    partial documentation

    San Francisco-based owner from whom the car was sold in 1962.

  7. 1962 → 1963Private sale
    Hal Rudow
    partial documentation

    Washington-based owner who raced the spider at Pacific Raceways in late 1962.

  8. 1963 →Private sale
    Stanley Surridge
    partial documentation

    Replaced the original engine with an American V-8; the car sustained crash and fire damage during roughly two years of subsequent racing activity.

  9. 1978 →Private sale
    Walter Medlin
    partial documentation

    Long-term custodian who preserved the car in its race-damaged state for roughly 45 years; the car remained largely secluded from the collector Ferrari market during this period.

  10. Date unknownAcquisition unknown
    Ed Niles
    partial documentation

    Ferrari marque specialist who acquired the car by the early 1970s and subsequently sold it without an engine.

  11. Date unknownAcquisition unknown
    First Maryland-based owner
    none documentation

    One of two successive Maryland owners through whom the car passed briefly after Ed Niles sold it.

  12. Date unknownAcquisition unknown
    Second Maryland-based owner
    none documentation

    The second of two consecutive Maryland owners in the chain following Ed Niles.

Competition

  1. 1954-04-01
    1954 Coppa della Toscana
    Driver: Franco Cortese19th overall, 2nd in class

    Co-driven by Perruchini; one of the car's earliest recorded competitive outings under Cornacchia's ownership.

  2. 1954-05-01
    1954 Mille Miglia
    Driver: Franco Cortese14th overall, 4th in class

    Co-driven by Perruchini; the car was subsequently rebodied by Scaglietti after this event.

  3. 1954-06-01
    1954 Imola Grand Prix (Golden Shell race)
    Driver: Franco Cortese8th
  4. 1955-06-01
    1955 Imola Grand Prix
    Driver: Joao Rezende Dos SantosDNF — retired on formation lap

    Car had been repainted white with a tricolor hood stripe by this point; mechanical trouble prevented the car from racing properly.

  5. 1955-07-01
    1955 Bolzano-Mendola Hillclimb
    Driver: Joao Rezende Dos Santos4th
  6. 1955-08-01
    1955 Daily Herald International Trophy
    Driver: Franco CorteseDNF — clutch failure

    Held at Oulton Park; retirement came after approximately 10 laps.

  7. 1956
    1956 Targa Florio
    Driver: Angelo BenzoniDNF

    Co-driven by Naust; the pair were unable to complete the Sicilian road race.

  8. 1956-03-01
    1956 Vigorelli Trofeo
    Driver: Angelo Benzoni6th

    Held at Monza.

  9. 1956-06-01
    1956 Gran Premio Supercortemaggiore
    Driver: Angelo Benzoni

    Held at Monza; co-driven by Domenico Tramontana, who subsequently acquired the car from Benzoni.

  10. 1962-10-01
    1962 Evergreen Trophy
    Driver: Hal Rudow

    Held at Pacific Raceways; one of the car's first documented competitive appearances in the United States.

Maintenance & restoration

  1. 1954Bodywork
    Scaglietti

    Original Pinin Farina spider coachwork was replaced by new bodywork from Scaglietti, carried out after the 1954 Mille Miglia.

  2. Modification

    Original Lampredi inline-four engine removed and replaced with an American V-8 unit, a modification common among US owners of the period.

    Carried out by or during Stanley Surridge's ownership, sometime after 1963.

  3. Repair

    Car sustained collision damage and fire damage during racing use, leaving it in a deteriorated state that has not been addressed since.

    Occurred within roughly two years of racing activity after the V-8 conversion; the car has remained in this condition for approximately 45 years.

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.