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1980 Ferrari 512BB
Red / Black
22,457 Kilometers
VIN# 30401
Engine# 00549
EMG is pleased to offer this beautiful 1980 Ferrari 512BB! Carbureted Version highly desirable and collectible. Last of the Flat 12 Cylinder Carb Cars!
Fully serviced and just needs some finish work to be a collectors centerpiece.
This Ferrari 512BB had been in storage for 3 years prior to being taken out for a full engine Rebuild and freshen up earlier this year.
Car is highly original aside from the usual small amounts of paintwork here and there and is a Driver quality car aside from a few more things that need to be addressed to make it a High Quality driver or a great candidate for restoration to take advantage of the current market on these Carbureted examples!
The engine was just completely rebuilt by “North Coast Exotic’s Inc.” in Cleveland, OH.
This is the explanation of repairs from North Coast Exotic’s and the repair invoice is available as well.
“Car Arrived with heavy oil smoke while running, Engine removed and rebuilt with new bearings, Seals, Gaskets, Valves and guides, 2 cracked pistons and 2 scuffed liners replaced, cylinders diamond honed and engine assembled – Oil rings and guide clearances hand set – water pump rebuilt – belts and tensioners pulley’s changed. Block painted and cam covers powder coated – flywheel surfaced and new clutch installed – rebuilt starter installed – balance of car assembled using hardware, hoses and exhaust car came with (per owners request) – Fuel tanks drained and flushed – all new fluids used – oil and filters changed after break in drive. Mild tune-up done and 1 leaky carb repaired.”
We bought this car during this process, which took a lot longer than originally anticipated. Process took a few months.
Upon us receiving the vehicle at our California warehouse we had an inspection performed by “Fast Cars Ltd” in Redondo Beach to see what else car needs to be made correct and fully functional. Needless to say they came up with a list.
Fast Cars Inc. inspection results: (copy of report available)
Exterior/Frame:
- Bumpers have been modified for US entry and are full of chips and cracks, need to put back to stock looking
- Multiple paint chips
- Incorrect side markers on bumpers (remove when bumpers fixed)
- Front and rear frames have been modified and bent to fit bumper modifications (need repair)
- Front badge on nose does not fit correctly
- Engine bay cross member is bent
- Under tray panel is bent
- Huge gaps on deck lid to bumper (need adjustment)
- Front grill has been modified to fit bumper modifications
- Wheel well rubbers are fry rotted and falling off
- Missing door light bezels
- Rear deck lid brackets have been modified – need to remove for assessment
- Unable to fully open deck lid
Interior & Electrical
- Trunk is missing hardware and strap for spare tire
- Front deck lid insulation is falling off
- Missing battery hold down
- Incorrect battery
- Disconnected wires at headlights
- Incorrect stereo and missing equalizer
- Dash is faded in areas and does not fit around key switch
- Aftermarket light on center console
- Door panel material is bubbling
- Seat belts have cut wires
- Tachometer is not working correctly
- No dash lights
- Space between seat and steering wheel is too small. Possibly incorrect wheel
- Headlights are hard wired to work only as high beams no matter the position
- Running lights are inoperable
- Trunk light is inoperable
- A/C Blows Warm (not charged since rebuild but functions)
- Choke is connected backwards and wires are broken
- Fog light switch in inoperable and missing fog lights
- No door lights
- Poor wiring at ignition coil
Engine Bay and drivability
- Oil leak at oil return hoses
- Old coolant hoses are leaking
- Aftermarket ignition box is poorly installed with Zip ties & badly wires
- Fast idle solenoid is not connected
- Clutch line is wet – Possibly leaking
- Hard starts at temp
- Coolant reservoir is swollen but is not leaking, possibly rusted through
- Carbs are leaking fuel
- Missing hardware on motor mount
Brakes and Suspension
- Brake calipers and lines are badly rusted (but are working)
- Pads are at 50% all around
- Shacks are badly rusted and bushings are bad
- Front right had ball joint play
- Bushings are dry rotted
As expected this is a large list but also a very thorough one. The total estimate to repair and replace parts through Fast Cars Ltd is right around $35,000.00 and has been said it can be taken care of in about a 5-week process.
All this being said these cars are obviously rising in value at a rapid rate right now and with the January Auction season upon us and a couple of high quality examples set to go across the blocks of different auctions these cars are set for another jump in price.
We have seen examples sell in the high $400,000 range for very nice cars and expect these cars to cross the $500,000 dollar mark in January.
1980 Ferrari 512BB
Red / Black
22,457 Kilometers
VIN# 30401
Engine# 00549
EMG is pleased to offer this beautiful 1980 Ferrari 512BB! Carbureted Version highly desirable and collectible. Last of the Flat 12 Cylinder Carb Cars!
Fully serviced and just needs some finish work to be a collectors centerpiece.
This Ferrari 512BB had been in storage for 3 years prior to being taken out for a full engine Rebuild and freshen up earlier this year.
Car is highly original aside from the usual small amounts of paintwork here and there and is a Driver quality car aside from a few more things that need to be addressed to make it a High Quality driver or a great candidate for restoration to take advantage of the current market on these Carbureted examples!
The engine was just completely rebuilt by “North Coast Exotic’s Inc.” in Cleveland, OH.
This is the explanation of repairs from North Coast Exotic’s and the repair invoice is available as well.
“Car Arrived with heavy oil smoke while running, Engine removed and rebuilt with new bearings, Seals, Gaskets, Valves and guides, 2 cracked pistons and 2 scuffed liners replaced, cylinders diamond honed and engine assembled – Oil rings and guide clearances hand set – water pump rebuilt – belts and tensioners pulley’s changed. Block painted and cam covers powder coated – flywheel surfaced and new clutch installed – rebuilt starter installed – balance of car assembled using hardware, hoses and exhaust car came with (per owners request) – Fuel tanks drained and flushed – all new fluids used – oil and filters changed after break in drive. Mild tune-up done and 1 leaky carb repaired.”
We bought this car during this process, which took a lot longer than originally anticipated. Process took a few months.
Upon us receiving the vehicle at our California warehouse we had an inspection performed by “Fast Cars Ltd” in Redondo Beach to see what else car needs to be made correct and fully functional. Needless to say they came up with a list.
Fast Cars Inc. inspection results: (copy of report available)
Exterior/Frame:
- Bumpers have been modified for US entry and are full of chips and cracks, need to put back to stock looking
- Multiple paint chips
- Incorrect side markers on bumpers (remove when bumpers fixed)
- Front and rear frames have been modified and bent to fit bumper modifications (need repair)
- Front badge on nose does not fit correctly
- Engine bay cross member is bent
- Under tray panel is bent
- Huge gaps on deck lid to bumper (need adjustment)
- Front grill has been modified to fit bumper modifications
- Wheel well rubbers are fry rotted and falling off
- Missing door light bezels
- Rear deck lid brackets have been modified – need to remove for assessment
- Unable to fully open deck lid
Interior & Electrical
- Trunk is missing hardware and strap for spare tire
- Front deck lid insulation is falling off
- Missing battery hold down
- Incorrect battery
- Disconnected wires at headlights
- Incorrect stereo and missing equalizer
- Dash is faded in areas and does not fit around key switch
- Aftermarket light on center console
- Door panel material is bubbling
- Seat belts have cut wires
- Tachometer is not working correctly
- No dash lights
- Space between seat and steering wheel is too small. Possibly incorrect wheel
- Headlights are hard wired to work only as high beams no matter the position
- Running lights are inoperable
- Trunk light is inoperable
- A/C Blows Warm (not charged since rebuild but functions)
- Choke is connected backwards and wires are broken
- Fog light switch in inoperable and missing fog lights
- No door lights
- Poor wiring at ignition coil
Engine Bay and drivability
- Oil leak at oil return hoses
- Old coolant hoses are leaking
- Aftermarket ignition box is poorly installed with Zip ties & badly wires
- Fast idle solenoid is not connected
- Clutch line is wet – Possibly leaking
- Hard starts at temp
- Coolant reservoir is swollen but is not leaking, possibly rusted through
- Carbs are leaking fuel
- Missing hardware on motor mount
Brakes and Suspension
- Brake calipers and lines are badly rusted (but are working)
- Pads are at 50% all around
- Shocks are badly rusted and bushings are bad
- Front right had ball joint play
- Bushings are dry rotted
As expected this is a large list but also a very thorough one. The total estimate to repair and replace parts through Fast Cars Ltd is right around $35,000.00 and has been said it can be taken care of in about a 5-week process.
All this being said these cars are obviously rising in value at a rapid rate right now and with the January Auction season upon us and a couple of high quality examples set to go across the blocks of different auctions these cars are set for another jump in price.
We have seen examples sell in the high $400,000 range for very nice cars and expect these cars to cross the $500,000 dollar mark in the near future.
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