1967 Ferrari Worth Close to $1M Discovered in Barn, Sat Idle for 47 Years

by Jennifer Shea

A 1967 Ferrari 330 GT V12 2+2 now worth nearly $1 million Australian, or $750,000 U.S., turned up in an international pilot’s Australian garage after his death last year.

The man’s widow, not knowing the car’s true value, sold it to a well-known local Ferrari collector who is restoring the car to its full glory. She listed the vehicle in “barn find” condition and sold it for an unknown amount.

The Ferrari originally sold for about $12,000 in its heyday, according to Fox News. The car does show some signs of changes, so its full value is yet to be determined.

Pilot Hid Ferrari In Garage for 47 Years

The pilot reportedly bought the Ferrari in the United Kingdom in 1974. Then he stashed it away in his garage in rural New South Wales for 47 years.

Drive reports that the car was never registered locally. It had just 33,379 kilometers in mileage on it when the pilot bricked it up and stored it in his garage.

Official documents tucked under the car’s seats show that the car was first painted “Ice Blue” and decked out with a full leather interior. Since then, the car has been finished in “Rosso Corsa” and done over with tartan trim.

A wooden gear knob and gold steel wheels are further evidence of aftermarket modifications. The collector, who spoke to Drive on the condition of anonymity, does not know who made the changes and when.

The car also boasts a 4.0-liter non-turbo V12 petrol engine and a five-speed manual transmission. In new condition, the Ferrari could accelerate from 0 to 100 kilometers per hour in 7.1 seconds. Its top speed comes in at around 245 kilometers per hour, or 152 miles per hour.

Automotive Historians Are Taking a Look at the Car

The automotive historians at Ferrari’s Classiche Department in Maranello, Italy are in the process of confirming the collector’s account. The department officially authenticates and certifies classic Ferrari models.

But the car made a brief appearance at an official Ferrari-endorsed Sydney arcade last October. And representatives of Ferrari backed the narrative offered by the car’s current owner at that point.

In the meantime, while automotive historians work out the details, the car is going through a nose-to-tail rebuild at the Ferrari service center in Roseville, Australia, near Sydney. Ferrari Australia and the Ferrari global headquarters declined to comment to Drive on the car.