At Bonhams’ June 2014 Goodwood Festival of Speed auction, chassis 0384 AM—a stunning 1954 Ferrari 375-Plus—sold for $18.3 million, the highest sum ever paid at auction for a first-series Ferrari. Immediately afterward, the lot was withdrawn amid a dispute over legal ownership.
By April 2016, the High Court of London resolved the matter in favor of Victoria’s Secret founder and noted Ferrari collector Les Wexner.
During the 1954 season, this Ferrari won at Silverstone with José Froilán González and at the Grand Prix d’Agadir with Giuseppe Farina. After a DNF at Le Mans, Jim Kimberly acquired it. Later owned by Howard Hively, it raced until the 1957 Cuban Grand Prix, where a severe fire ended its competition life. Severely damaged, it sold to Ohio engineer Karl Kleve for just $2,500 and spent three decades stored near Cincinnati, its true value unrecognized.
In 1986, the trailer carrying its chassis, gearbox casing, radiator panels, and other parts was stolen. Belgian Ferrari importer Jacques Swaters eventually purchased the remnants, fully restored the missing body panels, and installed a period-correct engine. In 1997, Kleve resurfaced, claiming ownership; Swaters agreed to a $625,000 deposit, insisting he’d been unaware the parts were stolen. Both men died—Swaters in 2010 and Kleve in 2013—leaving the dispute unresolved. Swaters’s daughter Florence later found and repurchased the original 0384 AM engine, refitting it in 2009, which further muddied the waters.
Bonhams pressed ahead with the auction, and Wexner emerged as buyer. In November 2015, the London High Court affirmed Florence Swaters’s right to sell. Wexner then sued Bonhams for a refund, but on April 18 all parties agreed he would receive clear title. The Ferrari 375-Plus, chassis 0384 AM, now joins the Wexner collection of historically significant automobiles in Ohio.
Here you’ll find Part One of the article.