An extraordinarily rare 1967 Ferrari 412P Berlinetta will be auctioned off by Bonhams at next month’s Monterey Car Week and could prove to be one of the most expensive Ferraris ever sold at auction.

Ferrari built the 412P at the height of its Le Mans rivalry with Ford. Only four examples were ever manufactured, each built to the spec of the private teams that would race them. All were converted from 330 P3 race cars and of the four, two were built for NART and Scuderia Filipinetti while the other two were commissioned by Ecurie Francorchamps and Maranello Concessionaries.

The 412P heading to auction in August was raced by Maranello Concessionaries. While it did not claim any race victories during its debut season, it did finish third at Spa and was running just outside the top 10 at the 24 Hours of Le Mans before it retired due to an oil pump failure. In 1968, the car was sold, repainted green and raced in both Europe and South Africa. It retired from racing later that year before being sold to a U.S. resident who converted it into a street car.

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 This 1967 Ferrari 412P Berlinetta Could Sell For A Truly Staggering $40 Million
Photo Credits: Bonhams

The car then passed through the hands of multiple owners over the following decades and has been in the possession of its current custodian since 2005. It remains road legal and registered and has a numbers matching chassis, engine, transmission, and all of its original bodywork. The listing doesn’t mention how many miles the car has been driven since it was built but let’s be honest, mileage isn’t important for a race car like this.

Powering the car is a 4.0-liter naturally-aspirated V12. While Bonhams hasn’t provided a pre-auction estimate, some experts believe that surviving 412P models like this are worth between $35 million and $40 million.

Photo Credits: Bonhams