In 2014, a fire-damaged 1967 Ferrari 330 GTS emerged from decades in a Pennsylvania garage and sold for $2.06 million

A 1967 Ferrari 330 GTS had spent 44 years in a Pennsylvania garage after an engine fire before it was offered at auction in Scottsdale, Arizona. Gooding & Company sold the car in January 2014; the winning bid reached $1.875 million, and the final price was $2,062,500 with the buyer's premium. The car had not been restored and still carried the scars of decades of storage, including damage from the fire that had taken it off the road in the first place.The fire stopped the Ferrari in 1969The Ferrari was sold new through Luigi Chinetti Motors in Greenwich, Connecticut, and was bought by Dr. Samuel Scher. According to contemporary reporting, Scher drove the car for about 20,000 miles during its first two years before an engine fire ended its time on the road. The damaged Ferrari was sold at a Motor Insurance Company auction in 1969, and its second owner bought it but never completed the repairs. Instead, the car went into storage in Pennsylvania and stayed there for the next 44 years.By the time it reached Gooding's Scottsdale auction, it was not a restored classic that was being presented in showroom condition; instead, it was a largely untouched example that still showed the effects of the fire and decades of storage. AutoWeek reported before the sale that the Ferrari had been sitting in a barn for 44 years and did not run.One of only a small number builtPininfarina designed the body, while Ferrari fitted the car with a 3,967cc V12 that produced 300 horsepower, and Gooding described the auction car as the fifth of only 99 examples built and identified it as chassis 9343. The car had been stored for decades, and its engine-fire damage remained, yet its originality was part of what made it attractive to collectors.Gooding's auction description noted that the Ferrari had fewer than 23,000 miles from new, retained its matching numbers and had remained under single-family ownership for more than 40 years. The auction house presented it as a candidate for a concours-quality restoration rather than a finished example. The car's condition also showed a shift in how collectors viewed unrestored vehicles, since an untouched car could retain a separate appeal because its condition preserved evidence of its history rather than being valuable only after a complete mechanical and cosmetic rebuild.The barn find crossed the $2 million markThe Ferrari went onto the Gooding & Company auction block in Scottsdale on January 18, 2014. The winning bid was $1.875 million before the buyer's premium, and produced a final sale price of $2,062,500. Gooding subsequently described the sale as a world auction record for a Ferrari 330 GTS at the time, and its 2014 auction report listed the car among the sale's million-dollar vehicles and recorded the final price of $2,062,500.The Ferrari had gone from an engine fire in 1969 to decades of obscurity and then to a multimillion-dollar auction result without being restored first. Its 44-year wait in a Pennsylvania garage became inseparable from the car's provenance, while the damaged engine remained a physical record of the event that had taken it off the road.Catch the latest World News and Live updates. Download the TOI app.