Grosse Pointe, Michigan (January 17, 2025) – The automotive world is set for a spectacular moment this May as Broad Arrow Auctions, a Hagerty company, unveils one of the most coveted early Ferrari models ever offered at auction: the 1948 Ferrari 166 Spyder Corsa. Never before available to the public, this singular example, bearing chassis number 004 C, will be the star attraction at the inaugural Concorso d’Eleganza Villa d’Este Auction. With an estimated price range of €5.5 million to €7.5 million, this rare Ferrari stands as a true testament to the marque’s storied history.
A Legacy of Racing and Prestige
The 1948 Ferrari 166 Spyder Corsa, finished in its original coachwork by Carrozzeria Ansaloni, is more than just a collector’s item; it is a living piece of Ferrari’s racing legacy. As one of only two 166 models purchased by the Besana brothers, Ferrari’s earliest customers, it boasts a remarkable competition pedigree. The car achieved a respectable sixth-place finish at the 1948 Targa Florio and participated in the revered Mille Miglia races of both 1948 and 1949. Its résumé extends to Formula Two events and numerous hill climb victories, cementing its place as a versatile and formidable competitor in the post-war racing scene.
As a cherished piece of automotive history, the Ferrari 166 Spyder Corsa has maintained its authenticity over the years. With its original 2.0-liter V12 engine, five-speed racing gearbox, and period-correct body and chassis, the car is a pristine example of Ferrari craftsmanship. Its inclusion in the Ferrari Classiche White Book attests to its complete originality, further elevating its status as one of the finest early Ferraris in existence.
A Remarkable Provenance
In addition to its racing credentials, this Ferrari 166 Spyder Corsa has enjoyed a distinguished provenance, with a noteworthy 50 years of family ownership from 1965 to 2015. During this time, it has been the subject of extensive documentation and editorial features that highlight its extraordinary history. This documentation, coupled with the car’s many accolades, further enhances its desirability among collectors and aficionados.
Among its impressive array of awards, the 166 has claimed a prestigious class award at the 2004 Pebble Beach Concours d’Elegance. It has also been featured prominently at Casa Ferrari at Pebble Beach in 2019 and 2022, showcasing its enduring appeal. Other accolades include a Best of Show award at the 2003 Ferrari Club of America National Meet, as well as the esteemed Cavallino and FCA Platinum Awards. The car also graced the stage as a feature exhibit at the 2006 Cavallino Classic, further cementing its place among Ferrari’s elite.
A Momentous Auction at Villa d’Este
Broad Arrow Auctions, in partnership with BMW AG, will host its inaugural European auction during the legendary Concorso d’Eleganza Villa d’Este on the shores of Lake Como this May. As the official auction partner, Broad Arrow is poised to present a curated selection of 70 of the finest collector cars, ensuring an unforgettable auction experience.
“Chassis number 004 C of the 1948 Ferrari 166 is a car that perfectly embodies the very essence of Ferrari,” said Barney Ruprecht, Vice President of Auctions at Broad Arrow. “With its remarkable history, impeccable provenance, and its role in the founding of Ferrari’s racing legacy, it is the ideal centerpiece for our first Italian auction.”
The auction will be conducted by Thomas Forrester, one of the UK’s leading auctioneers, renowned for his expertise in high-value auctions. With his deep understanding of the world of fine cars, Forrester’s presence at the Concorso d’Eleganza Villa d’Este Auction promises to make for an exceptional bidding experience.
A Glimpse into the Future
As Broad Arrow Auctions continues to expand its global presence, the Concorso d’Eleganza Villa d’Este Auction marks a significant milestone for the company. With its premier event in Europe, Broad Arrow solidifies its position as a key player in the world of luxury car auctions, offering unparalleled access to the finest automobiles for discerning collectors worldwide.
For more information on the 1948 Ferrari 166 Spyder Corsa and other consignments, or to register as a bidder, visit broadarrowauctions.com.
About Broad Arrow Auctions
Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is a leading global collector car auction house renowned for offering exceptional automobiles. Established in 2021, Broad Arrow has quickly risen to prominence with events such as The Monterey Jet Center Auction and The Amelia Auction, as well as expanding its footprint in Europe. Learn more at broadarrowauctions.com.
