Tag Archives: 246

1974 Ferrari Dino 246 GTS

It's too bad that we don't all have DeLoreans to travel back and put some money into what we'd now consider a sure bet. It wasn't too long ago that the Dino wasn't considered one of the great Ferraris - indeed, step back in time only a few short years to 2009, and you'd find any number of Dinos in the $150,000 range; strong money for those cars at the time, and they were on the downward swing. It seemed that they would, at least for a time, remain affordable. They didn't. By 2011 values were already on the rise, and since 2012 values on the last of the run - the 246 - have all out doubled. They're not alone; Porsche 911s, E30 BMW M3s and a handful of other cars have all seen the same trend. What's ironic about the 246, though, is that it wasn't the headline grabber at the time; it wasn't the big engined Ferrari - heck, it didn't even carry Ferrari badges on it. But that hasn't stopped enthusiasts from driving the value of these mid-engined sports cars up to stratospheric levels:

Click to view listing

Year: 1974
Model: Dino GTS
Engine: 2.4 liter V6
Transmission: 5-speed manual
Mileage: 24,220 mi
Price: $419,995

CLICK FOR DETAILS:1974 Ferrari Dino 246 GTS

Click to view listing

In the 1950’s, Enzo Ferrari’s son Alfredo “Dino” had a heavy influence on the idea to use V6 and V8 engines in Ferrari race cars. Ferrari wanted to compete in the Formula 2 category in 1967 with the new “Dino” V6 engine but was turned down because of the homologation rule requiring 500 or more production vehicles. Ferrari turned to Fiat to and together produced the new Fiat Dino sports car. In the mid 1960’s, Ferrari was experimenting with the mid-engine layout for racing and thought they would build their own mid-engine sports car for the road. Sergio Pininfarina was once again asked to design an all new body which sat on the 206 SP race car chassis and debuted at the 1965 Paris Motor Show. The V6 engine sat longitudinally and was only available in a 2 door 2 seater Berlinetta configuration. The car was so well received that it went the 206 GT went into production for model year 1968 and gave a near perfect weight balance and superb handling. For the March 1972 Geneva Auto Show, Ferrari revamped the Dino and introduced the 246 model available as a Berlinetta Coupe or a GTS Spyder. A larger 2.4 litre engine and better performance and handling characteristics set the 246 apart from the 206 from previous years.

European Motor Studio is very proud to offer this exceptionally restored 1974 Ferrari 246GTS Dino finished in Rosso Corsa over Tan Daytona leather seats. Chassis number 08248 left the Marranello production line and was invoiced to the North American Importer Modern Classic Motors INC on July 18, 1974 and came in through the San Francisco Port. This 246 GTS was equipped new from the factory with Daytona leather seats (“Chairs”), radio with electric antenna electric windows and a painted removable hood. This Dino was then sent to Grand Touring Cars in Phoenix Arizona where it sold to its first owner (Joe Pisano, successful Bonneville competitor and drag racer) on September 24, 1974 in the amount of $19,195. The first owner had the car shipped to Long Beach where the car lived until the second (Lil John Lombardo the auto parts chain dealer and drag racer) and only other owner bought the car sometime in the early 1980’s and brought it to the LA area where the car has been ever since Summer of 2013. European Motor Studio acquired the car from the second owner and brought it to AZ. The car has traveled only 24,200 documented original miles from brand new and does not show any signs of accident or damage history anywhere. All of the exterior trim and interior had been removed from the car and a bare metal re-spray was completed on the car in desirable Rosso Corsa paint and the interior was re-trimmed in tan leather interior. Absolutely no rust or corrosion is found anywhere on this car. All of the mechanicals have been rebuilt/restored as well as the electrical system. This Dino is in absolutely exceptional and stunning near perfect condition mechanically and cosmetically. It runs and drives superbly and does not have any issues whatsoever. It does not smoke or idle rough, there are no shakes or rattles anywhere and the car does not have any unusual noises. Thorough and exceptional maintenance throughout the cars life has been given and just recently replaced coolant hoses, fuel and oil lines and rebuilt brake calipers and new Michellin XWX tires are just some of the recent items that have just been done to the car. The compression check on the 6 cylinders is near perfect and all very close to each other. The car has its original complete tool roll in its original leather bag, the original jack in its original leather bag, the original spare tire on a Michellin XWX tire, the original Ferrari Dino leather pouch housing all of the original owners manuals, warranty books, dealer books, car care book and parts manual are all present with the car. A copy of the original odometer statement, new car invoice, manufactures statement of origin and window sticker along with documented and receipts dating back to 1985 are all present with the car. This is an exceptional Ferrari 246GTS Dino in near showroom condition that runs and drives superb.

Please call or email if you have any questions regarding this 1974 Ferrari 246GTS Dino. 480-310-8814

Click to view listing

Obviously, the condition at this asking price is top notch, and it certainly falls in line with current values of Dinos - as shocking as that may sound. While the car itself is beautiful, my favorite feature must be the Campagnolo wheels - they're amazing and transform the look of the Dino. As of May 2014, Hagerty values a condition 1 246 Dino at a staggering $445,000; money that only a few years ago would have bought you three. It's not just a recent trend though - check out that original sticker price of shy of $20,000 - adjusted for inflation, it's only $95,000 in today's money. You'd be hard pressed to get a decently spec'd 911 for that money today, never mind a mid-engined Ferrari. No, the value days of these are long gone, and we're left with distant memories of days of affordable exotics. If you're smart, you very similar styling with a V8 engine in the 308 and 328 for only 1/10th the asking price of the Dino these days. Will the 308/328 follow suit? Probably not, though we're sure to see an increase in value on those soon, too.

-Carter

1972 Ferrari Dino 246 GTS

The Dino was a turning point in the history of Ferrari. Named after Enzo Ferrari's late son Alfredo (whose nickname was Alfredino), this nameplate was meant to brand a whole new variety of Ferraris, namely those without 12 cylinder engines. The 246 nameplate in this case represents the engine capacity and number of cylinders, in this case a 2.4 liter V6. Creating 175 horsepower in US trim, this engine would also see service in the Fiat Dino and Lancia Stratos. The Dino was Ferrari's best selling model up until this point and are highly sought after by collectors. This car represents the first year the Dino was available with a removable roof and while not a perfect example, has potential.

1972 Ferrari Dino GTS

Click to view listing

First a little history. This US spec car was manufactured in June of 1972 and first registered in late December of that year. The odometer show 48229 miles and that is accurate. It has been under the same ownership since 1975 (second owner) and is now being offered for sale by the family trust. It has the original “Pink slip” and retains the original blue plates, last being registered in California in 2005. When purchased the car was yellow and the owner had an extensive color change performed in the late 70’s. The car was maintained well, used sparingly but regularly until it was put into storage 5 years ago. It was garaged and only used in good weather never having the top fitted. It is in decent running condition but does need some work and it has some details that are not correct.

Now the good points. It is a California car that does not appear to have any rust or rust repairs. The body is generally in very good condition and shows no signs of having been in a significant collision. The paint is no longer perfect but at first glance it looks stunning. The doors both open easily and close with sweet light click. The gaps and panel fit are very good all over. Glass is in very good shape, no scratches or chips; all the chrome has a deep luster. The electric windows function well. The interior is clean and looks mostly original although the seats may have been re-upholstered. The grey carpet is in good order and overall there is not a lot of sun damage showing the car was not left outside.

The car starts, runs and drives well the clutch being light and the gears shifting nicely, even when cold. The engine does not knock or have any other unwanted noises. It also does not smoke excessively and indicates 85lbs on the oil pressure gauge at 5000 rpm hot. There does not seem to be any overheating issues, although it has only been driven sparingly and local since coming out of storage. On the road the engine sounds great, having decent power and dropping to a fairly low idle once warm. The gauges all function with the fuel gauge being a bit intermittent may have a sticking sender unit. The brakes pull the car up straight without any fuss and there is no unwanted noise from the suspension. The hand brake holds firmly and is adjusted correctly. The steering feels light and precise; I think one of the nicer points of these cars.

Now the negatives, The paint has been spot repaired in places, the two most obvious being an area about the size of a dinner plate on the top of the right front fender that was caused from a bicycle falling on it. The second area is a round patch the size of tennis ball on the bonnet. There is evidence of minor accident damage on the left front fender extending back onto the door. There is an area in the wheel well where the tire has just kissed the fiberglass panel and rubbed the paint off – see pictures. There are a number of small chips and imperfections some that have been touched up and some not. The front shows some larger nicks, I think evident in the pictures and under the front there are a couple of dents under the bumpers and the lower panel has been damaged from parking mishaps. There is a small indentation in the top of the driver’s door that could probably be taken out by a good dent removal guy.

The interior door panels are a little tired and the door shut panels have been chrome plated, not left body colour as stock. The interior mirror is misty and the quarter lights (windings) are missing their catches. The heater fan switch is missing its plastic pad and the choke lever (never used) appears to be stuck. The AC fans operate but do not produce cold air and the heater is unresponsive. The wipers, washers and indicators do not function, possibly a fuse?

The engine burbles badly on de-acceleration possibly due to some missing emission equipment, diverter valve, ignition retard unit. It also does not have its carbon canister. It does have the air cleaner assembly, although not fitted in the pictures. There is also the odd spitting from the carbs at and just above, idle, obviously after sitting so long it needs a good tune-up. The engine does not have a bad misfire. It has had a non-standard fuse box fitted to the rear bulkhead along with some new insulation. The engine compression was checked and number 2 cylinder has a lower compression than the others and on further inspection, doing a leak down test it appears that the exhaust valve on that cylinder is not seating properly. It could settle down with driving more or of course it could get worse! First gear synchro is a little unforgiving unless you are going very slowly, but all the other gears including second (a common problem) are excellent. There are some oil leaks, causing a little smoke at a stop as it contacts the exhaust. Obviously after sitting as long as it has I would recommend replacing the fuel and cooling system hoses and some of the rubber mounts and bushings are reaching the end of their life. The steering rack shows some wear, a common problem I am told. The solid state fuel pump needs to be mounted better and the hoses secured.

So that is the full story on this car, not perfect but still a beautiful head turning classic Ferrari that will continue to appreciate. It is a very honest car with a known history, quite a local celebrity in fact.

Dinos in average condition tend to run anywhere in the $125,000 to $150,000 range. Mint, concours examples will reach closer to the $200,000 mark. The seller seems a bit optimistic, given bidding has reached $145,000 without the reserve being met. There are a number of odds and ends that need attention here. If one could procure this Dino at around $100,000 to $115,000, it would be a good buy for the enthusiast looking to tackle a bit of light restoration work and, once it is over, have a classic Ferrari that one wouldn't be afraid to use.

-Paul