More specifically, the power unit was a 3.3-liter Colombo V12, considered one of the best 12-pot mills of all time, along with the F140, Daytona SP3, and LaFerrari. The engine makes around 300 horsepower, sent to the rear wheels via a five-speed manual transaxle.
The particular example on sale was completed in 1965. Despite the efforts to homologate the 275 GTB/C to go racing in the GT Class, the FIA denied the request as the car submitted was considerably under the advertised dry weight of the road-going 275 GTB. But a compromise was reached, and only one – with chassis number 06885 – was allowed to compete at the 1965 edition of the Le Mans, finishing third overall.
The 06701 was sold directly from the factory to Pietro Ferraro of Italy in May 1965, registered to his paper-producing company Cartiere del Timavo. It is believed the car color was changed from the original Rosso Cina to Grigio Scurro Metalizatto before the purchase. Four years later, the ownership was passed to Alessandro Gregori.