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Ferrari 250 MM Spider Vignale — chassis 0348MM

1953Coachwork by Vignale

Ferrari 250 MM Spider Vignale — chassis 0348MM

THE VEHICLE AT A GLANCE

Model dossier

Production period
1953
Body style
Spider
Chassis
0348MM
Engine
Front longitudinal 60° V12
Type
One-off
Production
1
Power
240 hp

THE PEOPLE BEHIND THE CAR

Coachbuilding, design & conversions

PRICE & SALES RECORD

Vehicle value

Original price
Not documented
Latest recorded sale
USD 5,395,000 2019-01-18/19 · Gooding & Company
Price details & sale history ↗

01 / THE STORY

History & context

The Ferrari 250 MM Spider Vignale 0348MM, designed by Giovanni Michelotti, is one of the most significant and iconic cars in Ferrari’s history. This car, built in 1953, was part of the Ferrari 250 Mille Miglia series, which was inspired by the success of the 250 Sport driven by Giovanni Bracco and Alfonso Rolfo, who won the 1952 Mille Miglia. The 250 MM represented Ferrari’s commitment to blending performance with elegance, embodying a period of transition in Ferrari’s racing and road car development. The 250 MM was powered by a three-liter V-12 engine designed by Gioacchino Colombo, a notable shift from Ferrari’s experimentation with Lampredi engines during this era. The 0348MM, specifically, was a right-hand-drive model, finished in a striking red exterior with a tan interior. It was equipped with small air intakes between the windshields, a distinctive feature that set it apart from other models. The car’s early history is closely tied to notable figures in the automotive world. It was originally owned by Alfred Momo, a significant Ferrari distributor in the USA, based in Woodside, New York. Momo, who also served as a technician for Briggs Cunningham, played an important role in American motorsport. In 1953, the car was sold to Bill Lloyd of Greens Farms, Connecticut. By 1954, the Ferrari was actively participating in competitive racing events across the United States. In January 1954, the car raced in the Florida National Sports Car Races at MacDill Air Force Base, where it secured a 2nd overall and 1st in its class, driven by Phil Walters. It went on to achieve additional successes throughout 1954, including a 1st place in its class at the President’s Cup at Andrews Air Force Base and numerous other podium finishes at events like the Chicago Cup and Cornhusker Cup. The car became well-known for its consistency and competitive spirit, racing in various categories like BM, CM, and DM. During 1954, the car also suffered a setback when it was involved in an accident during an SCCA National event in Savannah, Georgia, but it was quickly repaired and continued to race successfully in the following years. By 1955, the Ferrari 250 MM had passed through several owners, including Rich Lyeth, and participated in numerous prestigious events, including the International Sports Car GP at Watkins Glen, where it finished 4th overall and 3rd in its class. The car remained active in racing during the mid-1950s, under the ownership of Chuck and Audrey Saffell, who took part in several SCCA events, hillclimbs, and regional races. Audrey, in particular, made a name for herself in the SCCA Powder Puff Derby, winning several first-place finishes. The Saffells also achieved success at races like the Gainesville and Courtland regional events in 1956 and 1957. By the late 1950s, the 0348MM had changed hands again and was owned by Herbert Swan of Cleveland, Ohio. Swan took the car to compete in the USAC International Formula Libre GP at Watkins Glen but had to retire due to engine issues. The car went through a series of owners in the 1960s and 1970s, including Ken Harper, John Delamater, and Ken Hutchison, before being sold to William (Bill) Jacobs Jr. in 1985. Under Jacobs’ ownership, the car was fully restored by Wayne Obry’s Motion Picture in Neenah, Wisconsin, in 1985. The restoration work involved removing the headrest and the small air intake between the windshields, bringing the car back to its original specification. Jacobs continued to show the Ferrari at high-profile events, including the Mille Miglia in 1987, where it was driven by both Jacobs and Hutchison. It also participated in the Meadowbrook Concours d’Elegance and Pebble Beach Concours during the late 1980s. Throughout the 1990s, the Ferrari 250 MM Spider continued to change ownership, passing through the hands of various collectors, including Gerald J. Bowes Sr. and Mark Smith. In 1995, it was acquired by David Sydorick of Beverly Hills, California, who used the car in events like the Colorado Grand, the Cavallino Classic, and the Rodeo Drive Concours. Sydorick’s ownership saw the car’s continued participation in prestigious events. In 2003, the 0348MM was sold to Victor R. Muller of Zeewolde, the Netherlands. Muller drove the car in the Mille Miglia in 2004, and the Ferrari was displayed at the Gooding & Co. Pebble Beach auction, where it failed to meet its high bid but eventually sold for $1.65 million. In the years following, the car was actively used in events such as the Ferrari Maserati Historic Challenge, driven by Manny del Arroz, who became a key figure in its history during the 2000s. In 2019, the 0348MM was auctioned at Gooding Scottsdale, where it fetched an impressive $5,395,000, signaling its growing value as a collector’s item. The car was then sold to Andreas Pohl and participated in the Mille Miglia in 2020 and 2022, continuing its legacy in historic racing.

02 / TECHNICAL IDENTITY

Specifications & construction

Production & construction

Production
1
Production type
One-off
Chassis construction
Tubular steel chassis
Production notes
Exact car 0348MM. Gooding documents one of 12 Vignale Spiders; this record counts one physical vehicle only.

Engine & performance

Engine configuration
Front longitudinal 60° V12
Displacement
2,953.21 cc
Power (hp)
240 hp
Transmission
4-speed manual
Specification notes
CHASSIS SPLIT 2026-09-28 — removed 0336MM contamination. Beverly SCCA event belongs to separate chassis 0336MM.

Design & manufacture

Designer · Documented
Giovanni Michelotti
Manufacturer · Documented
Ferrari
Coachbuilder / Body Builder · Documented
Vignale

04 / INDIVIDUAL HISTORY

Chassis & provenance

Chassis 0348MM1 history records
Chassis number
0348MM
Year
1953
  1. One-off · sole documented vehicle

    Canonicalized legacy 54146 as exact chassis 0348MM; removed non-additive 0336MM chassis/event contamination.

05 / VALUE

Value & price history

Recorded sale history

USD · 1 recorded sale

Last sale
USD 5,395,000Date not recorded
Highest sale
USD 5,395,0001 recorded sale
Average sale
USD 5,395,000Completed sales only

Auction & sale history

Date Venue Chassis Record Status Amount
2019-01-18/19 Gooding & Company Chassis 0348MM Sale price Sold USD 5,395,000
2019-01-18/19 Gooding & Company One-off 0348MM · historical attribution retained Sale price Sold USD 5,395,000

Market observations describe documented transactions, estimates or offers. They are not themselves a current valuation of the vehicle.

06 / EVENTS & AWARDS

Events & awards

No events or documented awards are currently recorded for this vehicle.

08 / FROM THE ARCHIVE

Archive

References held in the vehicle dossier. Their inclusion does not establish that every historical claim has been independently verified.

ReferenceSource type
Gooding & Company — 1953 Ferrari 250 MM Spider Series II, chassis 0348 MM www.goodingco.com Specialist auction archive
Ferrari — 250 MM www.ferrari.com Manufacturer model archive
Archivio Storico Giovanni Michelotti — Ferrari 250 MM www.archiviostoricomichelotti.it Designer official archive

10 / CONNECTED HISTORY

Timeline

Chronological history3 dated records
  1. 0348MM · Auction

    Gooding & Company · Sold · USD 5,395,000

  2. 0348MM · Auction

    Gooding & Company · Sold · USD 5,395,000

  3. Unassigned chassis · Ownership

THE CONVERSATION

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