1953 Ferrari 340 MM Spyder / 0350 AM Chassis Information

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM photograph

1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM1953 Ferrari 340 MM
Spyder
Designer: Touring
Chassis #: 0350 AM
Engine # 0350 AM
Sold for $4,730,000 at 2012 Gooding and Company - Pebble Beach Auction.
The 340 America and 340 Mexico were followed by the ultimate 340 variant - the MM. Fitted with a magneto ignition, four-choke Weber carburetors, a four-speed synchromesh gearbox and a ZF limited-slip differential, the 340 MM was designed specifically to dominate long-distance road events like the Mille Miglia. Scuderia Ferrari won the 1953 Mille Miglia with 340 MMs dominating the 575-car field, finishing, 1st, 4th and 9th. Villoresi won the Tour of Sicily, Hawthorn won at Silverstone and Ascari won at the Nurburgring 1,000 km with a specially prepared 4.5-liter version.

In total, Ferrari built just 10 examples of the 340 MM before it was replaced by the 4.5-liter 375 MM.

Californian Sterling Edwards had been inspired by a Pinin farina-designed Cisitalia while skiing in St. Moritz, Switzerland. Upon returning to the states, he began work on his own sprots car. By 1950, he had created the Edwards R-26. It had a tubular chassis designed by Phil Remington, lightwegiht bodywork built by Emil Diedt and powered by a Ford V-8. By the close of the 1952 racing season, Edwards realized that his custom made special was in need of a replacement. For the 1953 season, he purchased a Jaguar C-Type. He later went seeking a Ferrari. He approached North American distributor Luigi Chinetta and ordered a 340 MM, the most powerful Ferrari available. The price for the 340 MM, including transportation to San Francisco, was a staggering $18,000, three times the asking price of a new C-Type.

The example Edwards purchased was 0350MM, the last of the ten 340 MM chassis. The car was constructed in June of 1953 and incorporated subtle suspension and driveline improvements developed from experiences at endurance events such as Spa 24 Hours and the 24 Hours of Le Mans. Upon completion, the Ferrari chassis was sent to Torino, Italy where it became the fifth and last 340 MM to be clothed by Carrozzeria Vignale.

Though the five 340 MM Vignale Spiders shared general design cues and form, each example was uniquely different. 0350MM share many similarities with 0324 AM, including a gaping egg-crate grille, three ovoid portholes, triangular cutaway extractors in the rear fenders, outboard headlamps and a closed hood blister. (Chassis 0324 AM had been delivered to American racer Bill Spear).

As 0350MM was nearing completion, Edwards married Marian miller and began making arrangements for their honeymoon. Those plans seemed to center more on the Ferrari than on the new bride. Soon after the wedding, the newlyweds travelled to Europe with plans to explore the Italian countryside from the cockpit of the new Ferrari. Arriving in Europe, and being driven to Modena by Chinetti, Edwards was informed that his 340 MM was unavailable, as it was still being completed at Vignale.

Edwards traveled to Torino in time to witness the craftsmen putting the finishing touches on his 340 MM. In honor of Edward's nationality, the coachwork was finished in American racing colors, with dark blue flanks and fenders highlighted by white trim on top and bottom.

Upon completion, Edwards took the car to the nearby Aerautodroma di Modena where the car was put through its paces. Edwards was less than pleased with the ride of the stiffly sprung 340 MM, pointing out that it had a tendency to jump and buck at speed.

The Edwardses completed a 10-day, 1000-mile tour in their new purchase, roughly following the route of the Mille Miglia circuit. They shared a suitcase, but since the trunk was filled with a spare tire and a large 48-gallon fuel tank, the deck lid was propped open and secured by bungee cords.

After their trip, the Edwards returned home. The Ferrari was shipped by boat from Livorno to New York and then airfreighted to their home in San Francisco. The day after the 340 MM arrived in San Francisco, it was trailered to Reno, Nevada to take part in its first competitive outing - the SCCA races held at Stead Air Force Base. The grid included Phil Hill in a 250 MM Vignale Spider, Bill Devin in a 250 MM Berlinetta and Masten Gregory in the Golding Gate Park-winning C-type.

Edwards took an early lead and held off Hill and Gregory for the entire race, finishing in 1st place. On the straight-stretches, Edward's car clocked 139 mph, the highest speed of the day.

In early November, as the 1953 season was coming to a close, Edwards campaigned the 340 MM at the March AFB races in Riverside, California. Unfortunately, mechanical problems would sideline the car prematurely.

On February 7th of 1954, at the Palm Springs Road Races organized by the California Sports Car Club, Edwards finishing 1st overall in the main event. The next event was the inaugural Bakersfield Sports Car Races at Minter Field, but Edwards failed to finish when the lost the oil-sump plug. At the prestigious Pebble Beach Road Races on April 11th of 1954 (and in front of 35,000 spectators), Edwards spun his Ferrari early, but was able to climb his way through the field. On lap 10, Edwards moved into third position behind Bill Stroppe's Kurtis and Tom Bamford's Cad-Allard. When Bamford's Cad-Allard retired on lap 20, Edwards closed in on Stroppe. On lap 28, the Mercury-powered Kurtis gave up and Edwards went on to take the win.

On June 6th, Edwards races in the Golden Gate Park races in San Francisco. Edwards drove to a 2nd place finishing behind Jack McAfee in Tony Parravano's 375 MM Pinin Farina Spider.

The next appearance was at the Seafair SCCA races at Shelton Airport near Seattle, Washington, on August 8th, where it emerged with another outright victory. Edwards' final race with 0350 AM took place on November 7th of 1954, at March Air Force base in Riverside, and resulted in a 4th place finish.

After the race, Edwards Engineering Co. in South San Francisco advertised the 340 MM for sale, asking $8,000. In 1955, Jim Pauley purchased the car, cut a hole in the hood blister for better air intake and sold the car to Ernie McAfee of Los Angeles, CA. McAfee sold the Ferrari to Tom Bamford of Woodland Hills. Bamford repainted the Ferrari Spider red in the summer months of 1955. In June, Bamford entered the Los Angeles Sports Car Road Races at Hansen Dam in the San Fernando Valley. He placed 2nd overall in the main event. It was then entered in two major Southern California races - the National Torrey Pines Road Races in July and the Palm Springs Road Races in February 1956.

In 1958, Bamford sold the car to Sabu Dastagir, an Indian actor. In December of 1963, Mr. Dastagir died of a heart attack at age 39 and his Ferrari was left to the estate to settle. By 1969, Johnny Aldridge Johnson and Ernest D. Mendicki had purchased the 340 MM and returned it to Northern California. In 1975, Harley E. Cluxton III, acquired the 340 MM and sold it to Donald Dethlefsen of Lake Forest, Illinois. In 1979, English collector Peter Agg purchased the car and sold it the following year to David Cottingham of DK Engineering. Throughout 1980 and 1981, the car was restored to its original appearance. Mr. Cottingham had the Lampredi-engine replaced with a purpose-built race motor, preserving the original unit for posterity. The unrestored matching-numbers engine remains with the car today.

The restoration work was completed in fall of 1981, just in time to take part in the Autumn Sprint at Goodwood and the Club Ferrari France meeting at Mas du Clos. In February 1982, the car was on the cover of Thoroughbred & Classic Cars magazine.

In the mid-1980s, the car joined Sherman M. Wolf's collection. It was repainted red, registered on New Hampshire plates reading '340 MM' and put to good use. In 1984, it was displayed at the 21st Annual Ferrari Club of America Meet at Road Atlanta and the FCA International Concours d'Elegance in Carmel Valley, California. In 1986, it was shipped to Italy to take part in the Mille Miglia Storica. Mr. Wolf returned to Italy with 0350 AM in 1987, 1988, 1989 and 1990 to again participated in the Mille Miglia event.

Mr. Wolf refinished the car in its original color scheme and continued to drive the 340 MM and participate in the Colorado Grand in 1990 and 1998. He continued to show the car, including at the Annual FCA International Concours d'Elegance in Monterey, California and Ron Spangler's Prancing Horse Farm Invitational in Maryland. The car was invited to attend the 2000 Pebble Beach Concours d'Elegance, where it was displayed alongside some of the most examples of the marque.

It later was featured in Cavallino, Automoible Quarterly and Vintage Racer. It has also appeared in countless books on Ferraris, Vignale and sports car racing in Southern California.

Mr. Wolf would own the car for 28 years.

In 2012, the car was offered for sale at the Pebble Beach, CA auction presented by Gooding & Company. It was estimated to sell for $4,500,000 - $6,500,000. As bidding came to a close, the car had been sold for the sum of $4,730,000,inclusive of buyer's premium.


By Daniel Vaughan | Dec 2012
Spyder
Designer: Touring
Chassis #: 0350 AM
Engine # 0350 AM
Sold for $4,730,000 at 2012 Gooding and Company - Pebble Beach Auction.
Ferrari 340 MMs dominated the 575 entries for the 1953 Mille Miglia, finishing in first, fourth and ninth places and, later, Villoresi won the Tour of Sicily, Hawthorn won at Silverstone, and Ascari won at the Nurburgring. Ferrari built just 10 examples of the 340 MM before it was replaced by the larger 4.5-liter 375MM. In 1954 Sterling Edwards purchased this car, the last of the ten 340 MM Spyders and the fifth to be bodied by Carrozzeria Vignale. The car shared many features with the car (0324AM) that had been delivered to American racer Bill Spear including the egg-crate grille, the three portholes and the triangular cutaway extractors in the rear fenders. At the Pebble Beach Road Races in April 1954 Edwards spun his Ferrari early in the Del Monte Trophy but was able to climb his way back through the field, and on lap 10, Edwards moved into third position behind Bill Stroppe's Kurtis and Tom Bamford's Cad-Allard. On lap 28, the Mercury-powered Kurtis gave up and Edwards went on to win.

2012 Gooding and Company - Pebble Beach Auction

Pre-Auction Estimates :
$4,500,000-$6,500,000 
Sale Price :
$4,730,000

2012 1
2007 1
2005 1

YearAvg. SaleHigh Sale# of Sales
2012$4,730,000$4,730,0001
2007$3,121,503$3,121,5031
2005$1,430,000$1,430,0001

Recent Sales

(Data based on Model Year 1953 sales)
1953 Ferrari 340 MM Spider
Chassis#: 0350 AM
Sold for $4,730,000
  2012 Gooding and Company - Pebble Beach Auction
1953 Ferrari 340 MM image  1953 Ferrari 340 MM image  
1953 Ferrari 340 MM Competition Spyder
Chassis#: 0268 AM
Sold for $3,121,503
  2007 RM Auctions Ferrari – Leggenda e Passione
1953 Ferrari 340 MM image  1953 Ferrari 340 MM image  
1953 Ferrari 250 MM Competition Berlinetta
Chassis#: 0250MM
Sold for $1,430,000
  2005 Vintage Motor Cars in Arizona
 

Vehicles That Failed To Sell

1953 Ferrari 340 MM's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High

Comparables

Similar sales to the $3,093,834 range.
1958 BMW 507 3.2-Litre Series II Roadster
Chassis#:Chassis#:70100
Sold for $3,008,717
2018 Bonhams : The Bond Street Sale
2014 Ferrari LaFerrari
Chassis#:ZFF76ZFAXE0207442
Sold for $3,080,000
2018 Gooding & Company : Pebble Beach
1953 Ferrari 340 MM vehicle thumbnail image  
1966 Ferrari Dino Berlinetta GT
Chassis#:00106
Sold for $3,080,000
2018 Gooding & Company : Pebble Beach
1953 Ferrari 340 MM vehicle thumbnail image  1953 Ferrari 340 MM vehicle thumbnail image  
2014 Ferrari LaFerrari
Chassis#:Chassis#:ZFF76ZFA5E0206523
Sold for $3,190,000
2018 Mecum : Monterey
1954 Maserati A6 GCS/53 Spyder by Fiandri & Malagoli
Chassis#:Chassis#:2087
Sold for $2,995,860
2018 Artcurial : Retromobile
1966 Shelby 427 Cobra 'Semi-Competition'
Chassis#:CSX 3040
Sold for $2,947,500
2018 RM Sothebys : Scottsdale, Az.
1953 Ferrari 340 MM vehicle thumbnail image  1953 Ferrari 340 MM vehicle thumbnail image  
1973 Ferrari 365 GTB/4 Daytona Spider by Scaglietti
Chassis#:Chassis#:16783
Sold for $2,983,635
2017 RM Sothebys : Ferrari - Leggenda e Passione
1954 Ferrari 500 Mondial Series I
Chassis#:0468 MD
Sold for $3,162,500
2017 Gooding & Company : Pebble Beach
1953 Ferrari 340 MM vehicle thumbnail image  1953 Ferrari 340 MM vehicle thumbnail image  
1967 Ferrari 275 GTB/4 by Scaglietti
Chassis#:10147
Sold for $3,025,000
2017 RM Sothebys : Monterey
1953 Ferrari 340 MM vehicle thumbnail image  
1965 Ferrari 275 GTB Alloy Long-Nose Design by Pininfarina
Chassis#:Chassis#:07927
Sold for $3,080,000
2017 Bonhams : Quail Lodge
1948 Ferrari 166 Spyder Corsa par Scaglietti
Chassis#:014I
Sold for $3,155,520
2017 Artcurial : Retromobile
1953 Ferrari 340 MM vehicle thumbnail image  1953 Ferrari 340 MM vehicle thumbnail image  
1961 Ferrari 400 Superamerica SWB Coupe Aerodinamico by Pininfarina
Chassis#:2841 SA
Sold for $3,080,000
2017 RM Sotheby's : Arizona Auction
1953 Ferrari 340 MM vehicle thumbnail image  1953 Ferrari 340 MM vehicle thumbnail image  
1995 Ferrari F50
Chassis#:Chassis#:ZFFTG46A6S0104092
Sold for $3,135,000
2017 RM Sotheby's : Arizona Auction
2004 Maserati MC12
Chassis#:Chassis#:ZAMDF44B000012100
Sold for $3,235,680
2016 RM Sothebys : Duemila Ruote
2003 Ferrari Enzo
Chassis#:Chassis#:ZFFCW56A330128800
Sold for $3,000,000
2016 Mecum : Monterey
1960 Aston Martin DB4GT
Chassis#:Chassis#:DB4GT/0126/R
Sold for $3,226,720
2016 RM Sotheby's : London Sale
1954 Aston Martin DB2/4 Spider
Chassis#:LML/505
Sold for $3,080,000
2016 Gooding & Company : Pebble Beach
1953 Ferrari 340 MM vehicle thumbnail image  1953 Ferrari 340 MM vehicle thumbnail image  
1967 Ferrari 275 GTB/4
Chassis#:Chassis#:10497
Sold for $3,245,000
2016 Gooding & Company : Pebble Beach
1997 Porsche 911 GT1 Evolution
Chassis#:Chassis#:GT1 993-117
Sold for $3,132,360
2016 RM Sotheby's : Monaco
1973 Porsche 917/30 Can-Am Spyder
Chassis#:917/30-004
Sold for $3,000,000
2016 Gooding & Company : The Amelia Island Auction
1953 Ferrari 340 MM vehicle thumbnail image  1953 Ferrari 340 MM vehicle thumbnail image  

Vehicle Profiles

Chassis information for the Ferrari 340 MM1953 Spyder
Chassis Num: 0268 AM
Chassis information for the Ferrari 340 MM1953 Spyder
Coachbuilder: Vignale
Chassis Num: 0324 AM
Chassis information for the Ferrari 340 MM1953 Spyder
Chassis Num: 0350 AM
Engine Num: 0350 AM


data-full-width-responsive="true">


Vehicle information, history, and specifications from concept to production.

Follow ConceptCarz on Facebook Conceptcarz Google+ Follow ConceptCarz on Twitter RSS News Feed

Conceptcarz.com
© 1998-2019 Conceptcarz.com Reproduction or reuse prohibited without written consent.