Ferrari V12 Grand Tourer Buyer's Guide
This page covers Ferrari's four-seat V12 line: the 365 GT 2+2, 365 GTC/4 and 365 GT4 2+2 of 1967–1976, the long-running 400, 400i and 412, the 456, the 612 Scaglietti, and the four-wheel-drive FF and GTC4Lusso. Our single sold result says everything about where the value hides: a 1977 Ferrari 400 (the 'Rosso Sir Ivor' car) at £24,750, the cheapest route to twelve Ferrari cylinders our records contain.
Know your generations
The 365 GT 2+2 (1967–1971, 320bhp) is the elegant "Queen Mary"; a 1971 car is live with a £180,000–240,000 estimate, which shows how far the coachbuilt-era cars have separated from the rest. The 365 GTC/4 (1971–1972) and 365 GT4 2+2 (1972–1976) bridge to the angular era. The 400 (1976–1979, 340bhp), 400i (1979–1985) and 412 (1985–1989) carried the same Pininfarina three-box shape for thirteen years, most sold as automatics; long unloved, now quietly reappraised. The 456 (1992–2003, 442bhp, covered in depth on its own page) restarted the modern line, followed by the 540bhp 612 Scaglietti (2004–2011), the 651bhp FF shooting brake (2011–2016, Ferrari's first 4WD car) and the GTC4Lusso (2016–2020, 680bhp V12 or 602bhp V8 T).
What to pay
One sale: £24,750 for the 1977 400 in August 2026. Live listings map the modern end: 612 Scagliettis estimated at £30,000–50,000 and £44,000–49,000, and a 2012 FF with a big specification priced at £69,000. The 365 GT 2+2's £180,000–240,000 estimate stands for the classic tier. So on our evidence: the 400/400i/412 family is the entry at £24,750 sold, the 612 is the modern bargain at £30,000–50,000 estimates, the FF at £69,000 buys the four-wheel-drive one, and the sixties cars are collector-priced. One hammer price is one data point; the estimates fill in a shape we cannot yet confirm with sales.
What goes wrong
The 400-series cars are the cautionary tale: purchase price is the cheapest thing about them. Six Weber carburettors (on early cars) want expert setup, the self-levelling rear suspension and ageing hydraulics need specialist attention, and rust attacks sills, arches and the front valance; a neglected 400 can absorb multiples of our £24,750 result in recommissioning. GM automatics, at least, are cheap and durable. The 612 is far more robust: F1 gearbox actuators and clutch wear are the known costs, and its aluminium construction resists rot. FF/GTC4Lusso: the PTU front-drive unit and big-brake consumables are the expensive line items; buy on complete main-dealer or specialist history because software and warranty campaigns matter. Across all of them, a documented cam-belt or service record (belts on everything through the 456; chains from the 612 on) is the first question, not the last.
Our view
The 612 Scaglietti at £30,000–50,000 estimates is the sane buy on this page: a chain-driven, aluminium-bodied 540bhp V12 Ferrari at the price of a well-optioned German saloon, and the market is starting to notice the earlier scorn was mostly about styling photographs. The 400 at our £24,750 result is for buyers who understand they are purchasing an invoice stream with a masterpiece of an engine attached; wonderful, but go in with eyes open. The FF is the one to actually use all year. The 365 GT 2+2 needs no advice from us at £180,000–240,000; that argument is over.
