1993→1994 Ferrari 348 GT Competizione

Ferrari 348 GT Competizione

In 1993 Ferrari offered a track-day 348 that was converted into a racecar by Michelotto. To transform the car, several major modifications were completed that limited the car to the race track. Of the 11 cars produced, only two raced professionally and one with great success in the 1993 Italian Supercar GT Championship.

Michelotto was no stranger to Ferrari competition cars, they had already worked on other Ferrari racecars including the second series of Ferrari’s 333SP sports prototype. To transform the 348 many systems were replaced including the suspension which had new geometry and fully adjustable Koni dampers. These attached to 18-inch Speedline wheels with 15-inch ventilated Brembo discs. At the rear, F40 half shafts were fitted.

The body used several new panels made in carbon fiber including the doors, bumpers and undertray. The engine cover and front lid were also modified to save weight.

1993→1994 Ferrari 348 GT Competizione

Inside, the interior was stripped and an FIA roll cage was installed. Racing seats, belts, pedals and a alcantara steering wheel was fitted. All the upholstery was also replaced by lightweight fabric. Furthermore the side and rear windows were replaced by Lexan counterparts.

Only 11 GT Competiziones were built and of these only two were raced professionally. One was raced in the 1993 Italian Supercar GT series by Jolly Club and driven by Oscar Larrauri who placed first in Group 2. Another contested the 1994 Daytona 24 hours under the Shelton brothers Ferrari dealership. It was driven by Steve Shelton, Tom Shelton, Didier Theys and Art Coia to 16th overall and 8th in the GTU class.

Chassis & Sales

99107-One of four cars shipped directly to America. Ordered with a fire-extinguisher system and twin MOMO race seats. Used privately as a track day car and became part of the extensive John O’Quinn Collection. Sold in 2010 at RM Auction’s Amelia Island sale for $82,500 USD with the odometer showing 2,685 miles.

1993→1994 Ferrari 348 GT Competizione

Story by Supercars.net, RM Auctions Inc

In Detail

type Racing Car
production years 1993 – 1994
built at Maranello, Italy
coachbuilder Michelotto
production 11
price £/td> £84,875
engine V8
position Mid Engine
aspiration Natutral
valvetrain DOHC, 4 Valves per Cyl
displacement 3405 cc / 207.79 in³
bore 85 mm / 3.3 in
stroke 75 mm / 3.0 in
compression 10.4:1
power 268.5 kw / 360 bhp
specific output 105.73 bhp per litre
bhp/weight 281.25 bhp per tonne
body / frame Steel & Aluminum Body over Skeletal Steel Frame w/Carbon Fiber Doors, Bumpers, Undertray
driven wheels RWD
wheel type Speedline 5-Spoke Magnesium
front brakes Brembro Ventilated Discs
rear brakes Brembro Ventilated Discs
f suspension Double Wishbones w/Koni Adjustable Dampers
r suspension Double Wishbones w/Koni Adjustable Dampers
curb weight 1280 kg / 2822 lbs
transmission 5-Speed Manual Transaxle
top speed ~281.57 kph / 175 mph
0 – 60 mph ~5.0 seconds

Auction Sales History

1993→1994 Ferrari 348 GT Competizione

1994 Ferrari 348 GT Michelotto Competizione 99107 – sold for $82,500. Of the 11 built, only four made it to American shores, including the 1994 Ferrari 348 GT Michelotto Competizione S/N 99107 presented here. It was shipped new to Florida’s largest factory-authorized Ferrari Dealer, Shelton Sports Cars, December 16, 1994. To accommodate American FIA regulations, it had been special ordered with a fire-extinguisher system and Momo race seats in addition to all the other Michelotto modifications.

Prior to its acquisition by the O’Quinn Collection, it had belonged to only two Ferrari enthusiast owners since new and had only seen limited track use. In fact, the odometer shows only 2,685 miles. In 1997, it was present at the Concorso Italiano, Carmel Valley, California. As a fully modified race car, the Ferrari is not street legal, and like any race car, RM Auctions highly advises a thorough inspection before bringing it to the race track. Auction Source: 2010 RM Automobiles of Amelia Island Auction