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Maserati's Hot Mistral

The 1966 Maserati Mistral 4000 Spyder was the last of the classic 6-cylinder Maseratis

Last of the classic 6-cylinder Maseratis, the Pietro Frua-styled Mistral commenced production in 1963. The 3.7-liter version of the Modena manufacturer's long-stroke engine was fitted to most cars, with other power options being the 3.5-liter or—from 1966—the 4-liter unit. A handsome two-seater on a shortened, square-tube chassis, the Mistral was built in coupe and spyder versions. A 5-speed gearbox, disc brakes, and fuel injection were standard equipment; automatic transmission, air conditioning, and a limited-slip differential the options. Production ceased in 1970, by which time a total of 827 coupes and 123 Spyders had been built.

This rare Mistral 4000 Spyder was manufactured in 1966 and imported into the U.S., where it was sold to its first owner, Mr. F. J. Capretto of Seattle, in 1967. The car retains matching numbers on the engine block, cylinder head, and chassis, and its history is known in full. In the early 1970s, the Mistral was sold to the second owner, another Seattle resident, who drove it regularly until an overheating problem led to its being laid up in 1977. Thereafter the Maserati remained stored in a one-car garage in Seattle until exhumed in 2002.

In 2004, the car was purchased by its third owner, Mr. Francis G. (Frank) Mandarano, a noted Maserati historian and founder of both the Maserati Club International and Concorso Italiano, under whose direction its restoration was begun. Chassis number 641 was delivered to Vancouver and entrusted to Maserati specialist Milo's European Car for the mechanical rebuild, which included everything from the radiator back to the fuel tanks.

The engine was rebuilt using new liners, Asso pistons, bearings, valves, guides, and seats, with all moving parts computer-balanced to perfection. All hydraulics were rebuilt, including the clutch and brake master cylinders, brake boosters, and calipers, and new brake hoses were fitted. A new clutch was fitted as well, with all hoses replaced and the fuel tanks and radiator cleaned. A new stainless-steel exhaust was fitted from the manifolds back. Over $35,000 was spent on the engine rebuild alone.

The five original Borrani RW 3994 15" wire wheels were rebuilt and fitted with new Pirelli Cinturato tires. Also included for winter driving is an extra set of four Starburst alloy wheels shod with excellent Michelins. The seats and door panels were retrimmed in Turin, Italy, by Sig. Gavina, the man responsible for all the Quattroporte III interiors and the special Ferraris built for the Sultan of Brunei. World-famous car trimmers, Luppi of Modena, supplied matching Wilton wool carpeting, and back in Seattle the interior was finished by Steve Shepp, who also made a new convertible top using the original as a pattern. In all, close to $15,000 was spent on trimming, including materials.

Circa 2005, the car came back to Europe, where its restoration was completed by a specialist in the South of France. It is presented in concours condition, together with a file of restoration photographs.

The SCM Analysis

This car sold for $369,695, including premium, at the Bonhams "Les Grandes Marques à Monaco" sale held May 10, 2008.

Although it's tempting to follow my usual SCM Profile format and begin with general background information about the model, the reality here is that what you actually want to do is skip to the part where I tell you if the extraordinary price achieved for this car is right.

So, I won't disappoint. Everyone agrees that in determining value, there are some key touchstones to consider. Rarity, importance, originality, condition, and provenance are certainly the most important. Added to those should be the market in which a property is offered and sold, as well as the timing.

Everything seems to have come together on this day in the Principality to deliver maximum results. The Maserati Mistral Spyder (and yes, the factory used the "y") is rare, with fewer than 125 built. The Mistral is also important in the history of Maserati as the last model to use their great inline 6-cylinder engine, a descendant of the powerplant of the championship-winning 250F Grand Prix car.

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