There isn't much more to say about the way the Ferrari Daytona looks that hasn’t already been eulogised elsewhere. The Daytona is a motoring icon in the truest sense: stunningly beautiful, rare and with even a little motorsport pedigree. The Pininfarina-designed, Scaglietti-crafted Daytona is considered one of the greatest front-engined V12 GTs the marque has ever produced.
Launched at the Paris Salon in 1968, this Ferrari was called 365GTB/4 (or GTS/4 for Spider versions) to give it its formal name. In 1967 Ferrari’s 330 P4 racing cars finished first and second, with a privateer 412P third, on American soil, finally breaking the Ford GT40’s dominance. The word Daytona became Ferrari’s internal designation for the 356GTB/4 during development but apparently was leaked by the press, incensing Enzo Ferrari, so it was never an official moniker. Today, however, this Ferrari is universally known as the Daytona.
When launched in Paris the Daytona was not met with rapture because it was rather conservative both in terms of looks and engineering. Lamborghini had stolen Ferrari’s thunder with its rock star-esque Miura, featuring a mid-mounted V12, which did make the 365 Grand Touring Berlinetta four-cam look a bit straight-laced.
The Daytona was the fastest road car in the world though. The 4.4-litre engine offered up 350bhp, enough for a 174mph-plus top speed – by comparison, the Lamborghini Miura maxxed out at 171mph (if you dared). It had the chassis to cope with the power, too: fully-independent suspension offered impressive body control, while the transaxle gearbox sending drive to the rear helped to balance the weight distribution.
All of these attributes made it an ideal car for competition use. Though it never competed with the full factory backing of Ferrari, 15 racing examples were produced to be run by privateer teams. The high top speed paid dividends, particularly at Le Mans where Daytonas scooped class victories in three consecutive years from 1972-74.
As an ownership prospect, the Daytona should be reasonably easy to live with. Fitting its Grand Tourer brief to the letter, interior accommodation and boot space are more than adequate. By modern standards, the lack of power steering makes low speed manoeuvres quite a chore, though at higher speeds it lightens up nicely. Likewise, it is a little noisy inside, but it’s hardly a bad noise to have to put up with…
Which Ferrari Daytona should you buy?
Over the course of the five year production run, a total of 1406 Daytonas were built: 1269 Berlinettas, 122 Spyders and 15 race-prepped cars. Right hand drive examples of both the Berlinetta (158 in total) and Spyder (seven) were produced. US-spec versions are subtly different to those sold in the rest of the world, as they feature a lower compression ratio and an exhaust silencer.
While Ferrari produced far fewer Spyders than Berlinettas, many coupes have since been converted. None of these conversions were performed by the original coachbuilder, and as a result the quality of the work might vary from one example to another.
Racing examples vary based on the year in which they were built. Built in three batches of five, all three featured body panels crafted from aluminium and fibreglass, while the glass windows were replaced with plexiglass. The first five, produced in 1970/71, featured a standard 350bhp engine, while each subsequent year added 50bhp to the total output, resulting in 450hp for the ‘73 batch.
Performance and specs
Engine 4390cc V12
Power 350bhp @7500rpm
Torque 318lb ft @ 5500rpm
Top speed 173mph
Fuel consumption approx 14mpg
Gearbox Five-speed manual
Dimensions and weight
• If you’re searching for a Spyder that was originally converted from a Berlinetta, pay extra attention to the quality of the conversion.
• Very few examples have matching numbers and all of the original documentation provided. Those that do will be worth the most.
• The gearbox needs to be treated with extra care until it is warmed up. Make sure it shifts through the gears smoothly once everything is up to temperature.
• Regardless of temperature, the steering and the clutch will feel very heavy, so this shouldn’t be a worry (at least from a financial point of view).
• Most Daytonas will have been subject to at least one restoration throughout its life, so pay close attention to the paintwork and all the body panels. Unless you are planning to restore the car again, it pays to scrutinise the quality of the previous work.
• Engine work can be very expensive, so you should make sure that it is given a full health check by a specialist before you buy.
• It can cost a surprising amount of money to return a Daytona to full factory specification, so finding a car with the correct interior, original seats, factory toolkit and handbook is worthwhile. Dashboards are generally hard wearing, but have been known to suffer if left out in the sun for many years.
Oct 1968: Revealed at Paris Auto Salon
1969: 365 GTS/4 introduced
1970-71: First five lightweight racing versions produced for customers
1972: Second batch racing models produced. Power output raised to approximately 400bhp
1973: Final batch of racing variants sold. Power output raised to approximately 450bhp
1973: Production run ends. 1406 produced
Owners clubs, forums and websites
• www.ferrariownersclub.co.uk – An international club based in the UK for all things Ferrari
• www.superformance.co.uk – Ferrari parts specialists
• www.talacrest.com – Classic Ferrari specialist and dealer based in Berkshire
• www.clubscuderia.co.uk – International forum for Ferrari owners and enthusiasts
Summary and prices
It is probably true to say that the Ferrari 365GTB/4 has been a bellwether of classic car prices for the last few decades. When the collector market rose to dizzying heights in the late ’80s, the 365GTB/4 was at the front of the grid. It is often remembered as the million-buck Ferrari that fell ignominiously to 50,000 bucks virtually overnight. In Britain, prices peaked at £400,000 in 1990 – a lot of money 25 years ago. When the crash came, the 365GTB/4 certainly dropped in value and remained at around £50,000 to £80,000 for years thereafter, but prices soon picked up again.
With a total of only 122 produced (only seven of which were right-hand drive), Spyders command the highest values. The most immaculate genuine Spyders are advertised at over £2,000,000. In 2014, TV and radio presenter Chris Evans paid £2.27million for a Spyder – a record fee for a Daytona.
Auction values for the Berlinetta have seen a steady rise from 2010. In 2015, Bonhams and RM Auctions each sold a coupe in the US for £492,000 and £502,000 respectively, Cars held by UK dealers are priced a little higher, with both Berlinettas and Spyder conversions advertised at around the £750,000 mark.
Words: Alex Ingram