At RM Sotheby’s, the Guikas collection that included a 1968 Bizzarrini 5300 GT Strada, sold for a record $800,000. As time passes by, classic cars keep adding value based on their record in the past and their working condition.
Production began in 1964 and stopped in 1968 due to inability to get a source to regularly and reliably provide the Strada bodies for production. Bizzarrinni 5300 GT Strada, a 2 door coupe made a remarkable mark in the 1995 24 hours of le Mans winning it’s category and 9th overall. The front engine, rear wheel drive houses a 5.4L Chevrolet- Corvette V8 engine that blisters 365 horsepower with 385 load/feet of torque.
Giotto Bizzarrinni made a name for himself before setting up his own model, Bizzarrinni S.p.A. Bizzarrinni was the chief engineer working closely with Enzo Ferrari building remarkable engines that stood out including legendary Le Mans winning 250 GTO and 250 Testa Rossa.
Bizzarrini left Ferrari after a bloodbath at Monza to work with Ferrucio Lamborghini in building Lamborghini’s first V12 engine for 350 GT. As a consultant, he worked with Rivolta, an Iso Rivolta GT 2+2 powered by a Corvette engine was released in 1962. The following year, Rivolta wanted a car that could compete with the top models (Ferrari, Aston Martin, Maserati) but Giotto Bizzarrinni wanted something different. The result was Rivolta giving Bizzarrinni a chassis to go build a racing car himself.
At the 1963 Turin Auto Show, at the Iso stand, two Iso versions were displayed; the Iso Grifo A3/L, an elegant, lustrous and luxurious car by Rivolta and the Iso Grifo A3/C later named Bizzarrinni 5300 GT Strada, an aggressive looking piece of contraption. 133 units were produced, reaching 0- 100 km/p in 7 seconds and a top speed of 280km/h.
With the ever rising price of rare vintage cars, the market take it’s toe.
1996: $70,000 2000: $180,000 2004: $205,000 2008: $490,000 2012: $460,000 2016: $756,000
Iso and Bizzarrinni owner’s club executive Mike Gulett states, “values are difficult to forecast or determine because so few real Bizzarrinni cars come to the public market, and there are also a few fakes floating around that can contaminate the market. I do not think a real, no stories, good condition 5300 GT Strada with an alloy body could be bought today for under $1.2 million – $1.3 million, depending on the condition and history; asking prices are higher.”