Sold for $35,000 at 2012 Mecum - Monterey, CA.
Sold for $44,000 at 2017 Bonhams : The Amelia Island Auction.
High bid of $60,000 at 2017 Mecum : Monterey. (did not sell)
The Ferrari 348 was introduced near the close of 1989 and served as the successor to the 328. Body styles including both closed and open form. Both the TB coupe, or Transversale Berlinetta, and its Targa-roofed sibling TS Spider were constructed on a steel monocoque. These were the first Ferrari to comply new international crash testing standards.

The '348 Challenge' was created by the Dutch Ferrari Club in 1993. Owners of this model could purchase special safety equipment packages and racing against other mechanically-identical, street-legal cars. At the final 1993 contest at Mugello, Italy, 59 cars participated. The following year, the single-model race idea expanded to Western Europe, Japan, and the United States.

The 348 Challenge race series continued until the model was replaced by the 355.

The odometer indicates a total of 27,155 miles. It is finished in Ferrari Red over tan leather. The original seats, factory air conditioning, and seat belts have been put back in the car for street use. The tool roll, original racing seats, competition belts and roll cage accompany the vehicle.

By Daniel Vaughan | Apr 2017