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1969 Ferrari Dino 206 GT

Vehicle Specifications
Stock No:
676
Year:
1969
Make:
Ferrari
Model:
Dino 206 GT
Engine No:
Exterior Color:
Rosso Corsa
Interior Color:
Nero
Mileage:
60,313
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1969 Dino 206GT

Year 1969
Make Ferrari
Model Dino 206GT
Chassis No DINO 206 G.T. ★00378★
Body No 138
Engine No 142 (N 142 135B 000 000.5125)
Gearbox No 141 (N.141)
Chassis Type 607
Engine Type 236B / 135B
Production Sequence No 140 (140 of 153)
Exterior Color Rosso Chiaro 20-R-190
Interior Color Nero 161 (Black) Vinyl with Cloth Inserts by Stabilimenti di Brandizzo
Completed February 1969
Ordering Dealer M.G. Crepaldi S.a.s., Milano, Italia
Original Owner Dott. Achille Chiavelli, Milano, Italia
Mileage 97,063 Kilometers

Background:
Incredibly, Ferrari while on the brink of bankruptcy somehow managed to complete a total of 153 Dino 206GT models from 1967 to 1969. This was of course, before FIAT wisely stepped in to put a stop to the insanity of the concept and initial design. From that point forward a legend was born achieving today a cult-status few other automobiles have ever achieved. The hand assembled, ultra-curvacious, all alloy-bodied 206GT, while clearly an automotive work of art, was also a complete marketing and sales disaster. The complicated design of the car featured a traditional steel oval-tube frame with an inner fiberglass body and outer panels all in a light-weight aluminum alloy. The mid-mounted, quad-cam, transverse V6 engine was a directly descendent of the two-liter Sports Prototype racing 206SP and even in detuned production form was capable of being spun past 8,000rpm. Features such as one-off, unique Magneti Marelli wiper blades, light-weight magnesium, knock-off wheels, external out-side, rear deckled latch and an outside fuel cap while aesthetically pleasing greatly increased production cost. The interior retained a traditional ornate wood wheel, full-length glove box, fixed rear head-rests, unique gear-shift knob and both a passenger side grab handle and foot rest bar. All of these features would have been great for a “one-of-one” show car, but as a production vehicle, these items and so much more all pushed production expenses to the point that it was impossible for Ferrari to make any money on the model no matter how many they built. The FIAT bean counters must have had serious doubts about their decision to buy into the company after looking at the 206GT from a profit to loss perspective. On the other hand, fortunate clients who obtained one of these rare machines were in for one of the most entertaining and beautiful Ferrari's ever built.

FIAT/Ferrari attempted to address the short comings of the 206GT production in order to make the car profitable or at least initially less of a loss. The replacement model, now referred to as the 246GT and internally as the “L-Model” retained the basic concept of the initial design but utilized far more modern production methods and more “off-the-shelf” components to reduce production expenses. Knock-of, magnesium rims were still utilized in order to use up those Ferrari had already purchased. Only the opening panels were now completed in alloy. The outside fuel filler cap was gone and the interior vastly simplified. The alloy block two-liter, race-derived engine was replaced by a 2.4-liter version cast in iron and while bhp and torque rose and came on in a more linear manner, it was no longer the light road-rocket it had previously been. The vehicle's wheel base was extended a full two-inches, which might not seem like a lot. It did however dramatically change the vehicle's overall appearance. The original 206GT was a ground-hugging, low-center of gravity machine of perfectly shaped compound curves. The change in wheelbase on the 246GT altered the vehicles overall silhouette just enough that it no longer looked like a one-off, prototype show-car and while more comfortable and practical, again lost much of the charm of the original design.

Despite all these changes, Ferrari still barely broke even on these “interim, L-Model” Dinos but demand for them indicated the potential for profit if enough could be sold and production costs further reduced. A new “M-Model” did away with the car's few remaining features that killed the vehicles profitability. Wheels were now bolt-on and the entire car was now built in steel. Interiors became standardized and with some additional changes a new “E-Model” provided both a traditional coupe version and a “GTS” “Targa-Top” version. In the end, Ferrari built more than 3,700 246GT and GTS models and these production versions remain ever popular today, nearly 45 years after the last examples rolled out of the Ferrari factory. While the production 246GT and GTS remain popular with enthusiasts and collectors alike, it is the impossibly rare 206GT that captivates the attention of many collectors. Most experts believe today that probably only 100 or so of the 153 examples built survive leaving few opportunities to acquire one.

DINO 206 G.T. ★00378★:
This particular 206GT was one of the very last examples completed before FIAT ended production. It was built in the February 1969 as production sequence number 140 of the 153 examples produced. It was assembled on the order of the official Ferrari agent M.G. Crepaldi S.a.s., in Milan for their favored client, Dott. Achille Chiavelli who also resided in Milan. It was by all accounts a very standard example, despite of course being completely hand assembled like each of the 206GT models built. The exterior color was "Rosso Chiaro 20-R-190” a very traditional Ferrari red and the interior was "Nero 161" (Black) Vinyl with Cloth Inserts. Dott. Chiavelli's ownership was very brief and the car purchased within the year by an American enthusiast, Mr. George Goodrich of San Francisco, California. It was formally imported and road-registered by Goodrich over the next seven years until being sold in 1979 to prominent Bay Area architect, Mr. Akira Seven Patrick of Woodside, California. After 35 years with Mr. Patrick and now showing 97,000 kilometers on the odometer, this Dino was sold to Peter Kumar in Astoria, New York. Mr. Kumar shortly thereafter consigned the car in the March of 2014 Gooding & Company Amelia Island sale where it achieved a selling price of $638,000. The new owner was the well-known Ferrari collector, Tony Shooshani of Beverly Hills, California. It joined his growing collection with a plan of full restoration but that never took place. Two years later, Mr. Shooshani consigned the car back to Gooding & Company for their 2016 January Scottsdale auction. The catalog estimates were $700,000 to $800,000 but the car failed to reach reserve and was not sold. Mr. Shooshani again arranged for the car to be auctioned, this time in the January 2018 RM/Sothebys Scottsdale sale at which time our company purchased it for a price of $423,000.

Present:
To understand this 206GT today, you need to go back more than 20 years when I first saw this Dino in a repair shop near San Francisco, California. I was there to inspect a Ferrari Daytona we were considering purchasing but having just bought a Dino 206GT, I was very curious about this particular example. Our company had owned nearly 100 different 246GT and GTS models but only two of the rare 206GT models had been acquired in that same time frame. We also had at the same time for sale a very rare racing 206SP and with Dino's on my mind, I took the time to look this particular vehicle over carefully. Denny Schue, the original founder of the Dino Register in 1980 had been a great mentor and educator without equal. Denny taught me how to find the specific stampings and data details unique to the Dinos. I made a few observations and notes regarding the chassis number, transmission number, engine number and various features on the car to add to my data base. The only thing I was not able to get at the time was the car's body number which usually requires some disassembly to find. The vehicle was somewhat dirty and looked fairly un-loved but body panel fit and finish were excellent and while the rare gas cap was missing, the equally rare Magneti Marelli wipers were still fitted. The car appeared to be completely rust free and all of the rare bits and pieces unique to the 206GT's interior were intact and highly original. I though nothing further of the car until it appeared at the Gooding Amelia Island sale and later the Gooding Scottsdale sale. The RM/Southebys Scottsdale sale earlier this year was a game changer. The car was in the sale at no reserve and in a generally un-tidy state with many incorrect detail items, various non-original features and typical Ferrari badging here and there. I gave little thought about the car's potential purchase until bidding stalled at a ridiculously low number at which point after just two bids, the car was ours. I think my principals were a bit shocked at my interest in the car but I assured them that under the shiny auction lights and the dull presentation of the car was a hidden jem!

The car was shipped to our showroom and shop complex, fully inspected and evaluated and a plan set in motion to correct the wrong and return the car back to its former glory. Of key importance was the preservation of the car's incredible originality. The main focus was the repair and rebuilding of various neglected components and to bring services and safety checks completely current while removing and replacing the non-original items with correct components. The following is a brief outline of what has been accomplished since our purchase:

-Inspect, photograph and verified engine number, gearbox number and body number are correct and correspond to the vehicle and its Ferrari production details.
-Inspect for signs of corrosion or accident damage, none found.
-Disassemble entire suspension, front and rear, repair and replace all bushings, shocks, tie-rod ends and worn components.
-Inspect and verify that brakes were completely rebuilt with all new seals and lines.
-All five alloy rims were inspected, photographed and date codes verified that they were the original delivered ones with the vehicle when new. All five have the exact same date code.
-All five alloy rims were completely stripped and properly refinished as new.
-New Michelin tires were fitted at all four corners.
-Carburetors were completely disassembled, rebuilt and carefully jetted and synchronized.
-Choke cable repaired and properly lubricated and made functional.
-Incorrect exhaust system removed and replaced with correct 206GT unit.
-Entire rear trunk compartment inner panels and heat shield repaired and new original type carpet fitted
-Various Ferrari badges and non-original items on body removed.
-Aftermarket radio antenna removed.
-Incorrect gas cap removed and replaced with correct one.
-Incorrect side marker lights removed and correct units installed.
-Aftermarket anti-theft alarm system removed and wiring harness repaired.
-Aftermarket external alarm lock switch removed and holes repaired.
-Incorrect gear shift lever removed and replaced with correct one.
-Correct rack and pinion steering box access cover fabricated and installed.
-Interior carpets removed and replaced with new correct type.
-Fuze panel repaired and correct fuze box covers installed.
-Front trunk light switch repaired.
-Engine compartment light switch repaired.
-Rear trunk light switch repaired.
-Original IRVN “Parachuete” seat belts correctly installed.
-Incorrect ignition wires replaced with new correct ones.
-All hoses, clamps, belts and lines replaced and repaired as original.
-All services brought current with only sorting and set up time since the completion of all work.
-All safety checks and verifications completed with only sorting time since the completion of all work.
-Comprehensive road-tests, sorting and set up runs.
-Complete exterior and interior detail.
-Comprehensive sets of more than 100 high-resolution inspection photos taken to fully document the vehicle and all work performed.

Engine Compression Test Results:

Cylinder No Pounds per Square Inch

1 165
2 165
3 160
4 165
5 170
6 165

During our inspections, while this Dino was largely disassembled, we found some really interesting details, mainly that the car has never been apart before and all of the original rare and unique Scaglietti body fasteners, screws and washers were still in use, almost all of which had never been touched since the car was first completed. The bottom of the seats were scribed with the car's body number in crayon in several areas and also written there was the words “Tutto Peppe” or “All People” which is in reference to the fact that the seats were normal seats rather than special shaped ones for a large or overly small clients.

Numerous components, trim and various parts have been found with the car's original body number usually showing all three of the digits “138.” The original and very rare “IRVIN Parachute” seat belts remain installed and interestingly the tag on one shows that it was manufactured by FORD in November of 1969. I suspect that the original USA owner, George Goodrich in San Francisco must have replaced one of the web sections from the passenger side belt, possibly as a result of a tear. The one he sourced is a dead match for the original IVRIN one but obviously sourced from a Ford or from the parts counter at a Ford dealership. The date code on it is a clear indication it was done most likely shortly after the car's arrival in the States.

Every casting, every stamp, every part number and date code corresponds exactly to the assembly of the vehicle when new. Even all five rims are a completely perfect matched set. All five were cast on the same day, January 22nd, 1968! This 206GT is a true treasure of originality in all regards and I am very excited about our comprehensive work to return it to a more correct and functional state without having to “over restore” it. The previous owner reportedly spent $41,000 on services and repairs which included the complete rebuilding of the brakes and other various work. Our own invoices for the above work total $45,000.

Ownership History:

1969 Ferrari S.p.A. Maranello, Italy
1969 M.G. Crepaldi S.a.s. Milano, Italia
1969 Dott. Achille Chiavelli Milano, Italia
1970 George Goodrich San Francisco, California
1979 Akira Stevan Patrick Woodside, California
2014 Gullwing Motor Car Co. Astoria, New York
2014 Tony Shooshani Beverly Hills, California
2018 Symbolic International San Diego, California

Chronological History:

February 1969 Official Factory completion Date on behalf of special order by authorized Ferrari Agency, M.G. Crepaldi S.a.s., Milano, Italia

April 1969 Purchase new by Milan resident, Dott. Achille Chiavelli but shortly thereafter returned to Crepaldi and sold and then sold to George Goodrich of San Francisco, California

1970 Exported from Italy and formally imported to the States by Goodrich.

1970 Registered by Goodrich in his name on California “Blue and Yellow” plates

1979 Sold by Goodrich to Akira Stevan Patrick, an architect and resident on the Midglen Studio Estate in Woodside, California

2013 Purchased by Peter Kumar's Gullwing Motor Car Co., of Astoria, New York

March 7, 2014 Entered and offered for sale at Gooding Auction, Amelia Island, Florida, Lot No. 70, estimated price US$ 475,000 to US$ 500,000, sold for $638,000

March 2014 Purchased by Tony Shooshani, of Beverly Hills, California. Vehicle delivered to Fast Cars, Redondo Beach for services and repairs

January 30, 2016 Offered for sale again at the Gooding auction in Scottsdale, Arizona, Lot No. 125, estimated price US$ 700,000 to US$ 800,000 but not sold

January 19, 2018 For sale at the RM Sotheby's auction held at the Biltmore Hotel in Scottsdale, Arizona where it was purchased by Symbolic International of San Diego, California

Present Comprehensive services, safety checks and numerous refurbishment and repairs completed at a cost of $45,000