Sold for $60,500 at 2015 Bonhams Amelia Island Auction.
The Ferrari 348 was first seen in prototype form in 1987 and entered production in 1989, replacing the 328 GTB and GTS models. It had a mid-engine configuration, in similar fashion to its predecessor, but differed by mounting its four-valves-per-cylinder, quad-cam V8 engine longitudinally, enabling it to rest lower in the chassis. The engine displaced 3.4-liters and with the Bosch Motronic Fuel Injection system, produced 300 horsepower. The transversely mounted five-speed gearbox was in similar fashion to Ferrari's contemporary Formula 1 technology. This enabled the weight to be concentrated within the wheelbase.

The Ferrari 348 had similar styling to the Testarossa, with aerodynamic skirts, minimal overhands and grill slats that fed air to side-mounted radiators.

This particular example is finished in Rosso Corsa over beige leather. Currently it has less than 28,000 miles since new. It was sold new in California to a Mr. Richard Bixon of Los Gatos, in February of 1994. By September that following year, the Spider had moved to the East Coast, where it is believed to have remained ever since. Currently it has approximately 25,000 miles on the odometer.

By Daniel Vaughan | Apr 2015