Pull out your cheque book: Fangio’s Ferrari could be yours

26 October, 2015

At Sotheby’s upcoming New York Driven by Disruption auction (December 10), a car that has been hailed as something of a Holy Grail for car collectors will be offered for sale — the 1956 Ferrari 290 MM (chassis #0626) once raced by none other than five-time F1 world champion Juan Manuel Fangio. Sotheby’s say that this Ferrari is undoubtedly one of the greatest, most original, and most valuable cars ever offered at public auction.

Specially built by the Ferrari factory for Fangio to drive in the 1956 Mille Miglia, Fangio raced in that 1000-mile event single-handedly, finishing an impressive fourth overall. Painted in a unique factory Argentinian colour scheme, the car featured a totally new 3.5-litre V12 engine, and was one of only four 290 MMs to be built.

Furthermore, it was one of the first Ferraris raced in Europe by Phil Hill, and also heralded the beginning of Wolfgang von Trips’ Ferrari-driving career. It was also piloted to victory in the 1957 Buenos Aires 1000km race by Eugenio Castellotti, Luigi Musso, and Masten Gregory. During its illustrious career, ‘0626’ was also campaigned by other legendary names including Alfonso de Portago, Peter Collins, Olivier Gendebien, and Joakim Bonnier.

The car arrived in the US in 1957, and continued to be raced up until 1964. Following the end of its racing career, 0626 remained in the US before being acquired by the Mas du Clos collection, where it remained for almost 34 years. Ferrari Classiche–certified, this car remains the best of all the four examples built, retaining its original chassis, matching-numbers engine, gearbox, and body. 

Driven by some of the greatest drivers of the 1950s, and built for possibly the greatest driver in history, this car’s originality, coupled with its extraordinary provenance and history, means that this Ferrari is one of the most desirable and valuable cars to ever come to the open market.

A second dose of Dash

When the car arrived in Wellington in December 2018 it was duly taken along for entry certification. Vehicle Inspection NZ (VINZ) found some wrongly wired lamps and switches — not too bad — but, much more significantly, some poor welding repairs. As the structural problems were probed more thoroughly, we realized the previous owner’s restoration would not do and we needed an upgrade. Dash had made it into the country but it would take some time and money before he would be free to explore any of New Zealand’s scenic highways.
We took the car to our new home in Johnsonville in the northern suburbs of Wellington and I pored over the car in detail to figure out what was next. There were lots of new parts on the car and a very perky reconditioned drivetrain but the chassis needed serious work.

Lunch with… Jim Palmer

In the 1960s, Hamilton’s Jim Palmer won the prestigious ‘Gold Star’ four times and was the first resident New Zealander home in the New Zealand Grand Prix on five consecutive occasions. He shared the podium with Stirling Moss, Jack Brabham, Bruce McLaren, Graham Hill, Jim Clark, Denny Hulme, Jackie Stewart, and Chris Amon. The extent of his domination of the open-wheeler scene in New Zealand will probably never be matched or exceeded. Yet he’s always been modest about his achievements.