Details:

A new arrival to Oldtimer Australia is this rather lovely Australian delivered, factory right hand drive 1968 Ferrari 365 GT 2+2.

Documentation on file notes the car was delivered through W.H. Lowes to its first owner, Mr Fred Watkins from Tyabb in Victoria. Watkins was a very memorable customer of W.H. Lowe having owned a number of Ferraris over the years, including 250 GTE, 330 GTC, 365 GT/4 2+2 and this 365 GT 2+2. Interestingly, all of Watkins cars were ordered in white with blue upholstery.

This car landed in Melbourne on the 31st October 1968 on board the SS Marconi (ex Genoa) and it was finished in bianco polo with blue trim (trim code VM3015).

It is understood that Watkins traded this 365 GT 2+2 back to W.H. Lowes, who then sold the car to John McArdle from Melbourne.

McArdle used and enjoyed his Ferrari for a number of years and then in about 1979 it suffered from an engine fire. At that time the odometer read circa 21,500 miles. It is understood that the fire was essentially contained to the engine bay and that the damage was relatively superficial. The car was then parked up, where it remained until McArdles passing in 1994.

The car was acquired by Oldtimer Australia in November 1994 and sold to the current owner in March 1995. He then embarked on what was to become an epic journey to restore the car. Due to various circumstances the project spanned two decades and the car was finally completed in May 2018.

During the restoration the owner decided on a colour change and had the car painted in Pino Verde (pine green metallic, colour code 19404M) and the upholstery trimmed with tan Connolly leather.

The majority of the restoration was completed by Geoff Wheelers High Country Motors. The work that was out sourced included the engine machining to LW Parry Engineering, the refurbishment of the cylinder heads by Rams Cylinder Head Services, the rebuilding of the original wire wheels by Superior Wire Wheels, body and paint by Sydney Vintage Car Restorations and the upholstery by Ron Farlow.

To make the car more reliable and usable, the current owner chose to have some subtle upgrades installed. Most notable a completely new wiring loom was installed and a solid state fully programmable Motec Power Distrubution Module now replaces the traditional fuse box. Additionally, electronic ignition and a modern air conditioning system were installed.

There is a photo book on file which describes in detail all the work completed over the years.

The owner first started thinking about selling his beloved Ferrari in early 2023. In preparation for sale, the car was sent to highly respected independent Ferrari specialists Cavallino Motorsport in June 2023. A number of items were rectified and we were then contacted to assist with the sale. Life got in the way and it wasnt until the second quarter of 2025 that the owner finally pushed the button to sell.

Since the restoration was completed, the car has only been used sparingly.

Today the odometer reads 964 km. The original speedo was replaced during the restoration with a NOS example. The odometer reading today is the mileage the car has travelled since the restoration was completed.

First impressions of this car are really good. When you walk up to the car you are immediately impressed by its presentation. The colour combination of Pino Verde with the tan interior really suits the car and accentuates its very elegant appearance. The original Borrani wire wheels complete the look.

The car was repainted in the late 1990s, however, given its limited use the paint is still in a really good condition. There are a few minor blemishes here and there. Also, the black vent on the right hand side of the bonnet has some paint missing, which is an easy fix. All the bright work on the car including the bumpers, trade mark Ferrari grill and and the window surrounds are all in excellent condition. The same can be said for all the lights and lenses. All the glass is in very good condition with no cracks or scratches evident.

The Borrani wire wheels on the car are a real feature. They have been respoked during the restoration and are in excellent condition. The Borranis are shod with Michelin XWX 215 70VR15 tyres which are date stamped 4617 (week 46, 2017). The car has travelled less than 1,000km on these tyres and they are still in good condition.

Underneath the bonnet sits the completely rebuilt 4,390cc Colombo V12 engine. The engine bay presents beautifully and it is also very clean and tidy. As Enzo Ferrari once said . . . when you buy a Ferrari you pay for the engine, you get the rest of the car free.

Inside the cabin you are presented with a beautiful looking interior. The leather upholstery, the timber finishes and the polished metal work are all stunning . . . you cannot beat Italian design and craftsmanship!

The car has hardly been used since the restoration was completed so it is no surprise that everything inside the cabin essentially presents like new. The seats are comfortable and provide plenty of support. The timber dashboard and centre console both present nicely and all the instruments in it are clean and from our test drive they appeared to be in good working order. The timber steering wheel, with its polished metals spokes and Ferrari logo in the centre is the real feature.

During the restoration the Becker radio was upgraded with modern internals which include Bluetooth connectivity for hands free and a USB port. Modern speakers have also been discreetly installed in the doors and rear parcel shelf.

The door cards, headlining and even the carpets present as one would expect in a car which has been restored and has had very limited use since.

We have had a very wet Brisbane winter, so we had to be patient for the weather gods to cooperate and allow us a fine day for our test drive and photo shoot.

As noted previously, the cars electrics have been upgraded and as a result it starts very easily, even from cold. As with all classic Ferraris with carburettor fuel systems, when you turn the ignition on you will have to wait for twenty seconds or so for the fuel pumps to prime the thirsty Weber carburettors. You then pump the accelerator three times and when you turn the key and the Colombo V12 fires up immediately. You initially feather the accelerator to warm up the engine and it doesnt take long before it settles into a smooth idle.

This is a traditional, classic, front engined V12 Ferrari, but with creature comforts such as power steering, air conditioning, power windows, room for four passengers and a spacious luggage compartment, it is a comfortable grand tourer. It is surprisingly easy to drive and sounds great. Importantly, those creature comforts do not take away from the overall driving experience, which is fabulous!

Out on the road this car is a real delight to drive. The engine revs freely and there is plenty of power on tap. The gear changes are smooth both up and down the box even when the gearbox is still cold. Once the engine and gearbox reach operating temperature the oversell experience just gets better. Everything works exactly the way one would expect and the car feels tight on the road. When necessary the brakes will pull the car up quickly and in a straight line.

These Ferrari 365 GT 2+2s are wonderful grand touring cars and we think under rated.

This car has been off the road from 1979 through until recently and only travelled some 35,500 km in its life. Therefore, it really deserves a new owner that will use and enjoy it, just as Enzo intended.

Accompanying the car is photo book which describes in detail the restoration of the car, lots of receipts from the restoration, a Borrani spare wheel, a non-original jack, an owners manual and a spare parts catalogue in the correct leather pouch.

Highlights:

- Australian delivered, factory RHD, matching numbers
- Beautifully presented example of a classic, front engined V12 Ferrari
- Fabulous grand tourer, well suited to rallies.
- Presented in a stunning colour combination.
- Ready to be used and enjoyed.

Price $499,950


Background:

Apple, Coca-Cola, McDonalds and Nike are brands recognisable the world over. So is Ferrari and interestingly the iconic Italian luxury sports car manufacturer was named The Worlds Strongest Brand in the 2019 Brand Finance Global 500 Report.

Founded by Enzo Ferrari in 1939 out of Alfa Romeos race division as Auto Avio Costruzioni the company built its first car in 1940.

The Cavallino Rampate or prancing horse was the symbol chosen by Ferrari and like the golden arches it is recognised by just about every man, woman and child on the planet!

The Second World War halted Ferraris dream, which was finally realised in 1947, when the first car bearing his name, the Ferrari 125 S, was built. From that day on Ferrari race cars dominated the world over, winning race after race and many world championships in Formula One, sports car racing and endurance racing. Motor racing, even back in those days, was not a cheap business to be in and Ferrari needed to find ways to fund it. The answer was an obvious one. Enzo discovered there was a burgeoning demand for high powered grand tourers bearing his prancing horse badge. The lucrative profits from building these cars benefited the racing team. At the same time these GT cars would benefit from the racing program. The engines to be used were civilised versions of the engines which had proved themselves in racing. It also meant all Ferraris would share in a rich competition heritage which would make them even more special.

The 125 S evolved into the 166 Sport which was then adapted for road use and sold as the 166 Inter in the late 1940s. The 166 was Ferraris first true GT car. It made its debut at the Paris motor show on 6th October 1949.

The Ferrari road cars from the 1940s and early to mid-1950s were built in very small numbers and it was not until the introduction of the 250 series cars that production numbers increased. Almost 1,000 Ferrari 250 GTEs were built from 1959 1963. The 250 series also produced some of the most special Ferraris ever built, including the Ferrari 250 LM, 250 SWB, 250 California Spider and of course the 250 GTO.

The Ferrari 250 series cars built from 1953 through until 1964 really put Ferrari on the map. The race cars dominated on tracks all over the world and their road cars were without peer and very successful. Ferrari was on a roll and his clientele were the rich and famous.

The 250 series cars were superseded by the 275 series cars, the 330 series cars and later the 365 series cars. The nomenclature designated the cubic capacity of each cylinder. So a Ferrari 365 was powered by a 12 cylinder engine of 4,390cc capacity.

The mid 1960s were a fabulous time for Ferrari and one of its best sellers was the 330 GT 2+2. This model was a great success capturing the true essence and tradition of a Ferrari whilst offering the practicality of four seats and a good size boot. Just over 1000 of these cars were built from 1964 1967 and Enzo was very keen to continue the theme into a new model. Enter the 365 GT 2+2. First shown at the 1967 Paris Motor Show the Pininfarina designed 365 GT 2+2 took styling cues from the 500 Superfast and 330 GTC models. The car was built on a modified version of the 330 chassis, but what mattered most was that its engine was the new 4.4 litre version of the Columbo V12 engine. From a performance perspective the 365 GT 2+2 was all Ferrari, however, this model also offered creature comforts including power steering, air conditioning, electric windows and overall a more luxurious finish in the cabin.

Often referred to as the Queen Mary this model is now recognised by enthusiasts and collectors as one of the most practical of the classic front engine V12 Ferraris. Approximately 800 examples were built between 1967 and 1971.