2001 Ferrari 360 N-GT | RM Sotheby's | The Woodcote Park Auction

To Be OFFERED AT AUCTION at RM Sothebys' The Woodcote Park Auction event, 8 July 2026.
£350,000 - £400,000 GBP

• Built to N-GT specifications by Michelotto in 2002; one of three Michelotto 360s developed and run by Team Veloqx and sponsored in period by Ferrari UK
• Two podium finishes in the 2002 British GT Championship
• One of 17 examples of the 360 N-GT built by Michelotto
• Equipped with the Hewland NLT sequential transaxle, as raced in period
• Eligible for numerous historic racing series and events, including the Ferrari Corse Clienti-hosted Club Competizioni GT and Le Mans Classic

Michelotto’s 360 N-GT was born from a desire to return Ferrari to the FIA GT Championship. Using the 360 Challenge as its basis, the N-GT received modifications to make it more competitive. The engine, initially producing 430 brake horsepower in 360 Challenge specification, was uprated with revised engine electronics, a more aggressive exhaust, and mated to a sequential gearbox fitted with lightened and closer ratios to manage the additional power. Output increased by 15 brake horsepower, even with the required 30.8-millimetre air restrictors in place.

With the restrictors removed, the 360 N-GT could produce 540 brake horsepower—a world away from the 400 brake horsepower of the standard 360 Modena. In addition, thanks to gaining polycarbonate windows, a lighter windscreen, carbon fibre body panels, and despite having a large rear wing and front splitter, the 360 N-GT weighed some 90 kilograms fewer than the 360 Challenge, tipping the scales at approximately 1,100 kilograms.

In 360 Challenge guise, chassis number 118533 offered was shipped new to the UK and used only once in the Ferrari Challenge West, driven at the Spa Ferrari Days in April of 2000 by Robert Shaw, racing for Ferrari UK. The following year, it was sold to Prancing Horse Racing Team based in Melbourne, Australia, with the intention of converting it to 360 N-GT specification. It is important to note that all N-GTs started life as Challenge cars, hence the Michelotto build can be regarded as a conversion.

As such, chassis 118533 was shipped to Michelotto in late 2001 to begin its conversion to 360 N-GT specification, with work being completed in February 2002. This car became the 11th conversion of just 17 built, bearing serial number 011 M. Immediately put on a plane bound for Melbourne, the car was pushed into testing at Calder Park Raceway prior to its first meeting: a support race for the 2002 Australian Grand Prix. Its second and final race down under would be the Clipsal 500 Nations Cup Meeting on 3 March 2002 at the Adelaide Parklands Circuit. Having qualified on pole and posting a new lap record, John Bowe managed to finish 2nd in race one and race three while notably taking victory in race two.

Shortly after, the 360 N-GT was purchased from Prancing Horse Racing by Veloqx Motorsport and flown to its new home in the UK, destined to compete in the burgeoning British GT Championship and European FIA GT events. It was said that this was one of three 360s (two N-GTs and 1 GT) acquired by Team Veloqx in period. During its time with Team Veloqx, this and its sister cars were effectively developed into what became the 360 GTC by virtue of the installation of the Hewland NLT six-speed sequential transaxle, and the car remains equipped as such today.

This car later contested the first round of the British GT Championship at Brands Hatch in the spring of 2002; the driver pairing of Calum Lockie and Jamie Davies finished 3rd in class and 4th overall, with the following round at Donington Park producing an identical class result and 7th overall. One notable, non-competitive appearance came in the Ferrari Festival at Brands Hatch in August, where the car appeared on track alongside its sister cars from Veloqx for some demonstration laps with none other than then-Ferrari F1 Technical Director Ross Brawn. This car appeared once more in British GT that season with Lockie and Davies behind the wheel at Oulton Park, the ninth round of the championship, but there the car unfortunately failed to finish. Its final event for 2002 was the ninth round of the FIA GT Championship at Donington, this time being driven by Tim Sugden and Andrew Kirkaldy, again resulting in another DNF.

For 2003, the 360 N-GT remained with Veloqx Motorsport and was used for testing at Jerez, Vallelunga, Misano, Monza, Barcelona, Snetterton, and Spa-Francorchamps. Its second foray into the FIA GT championship would come at Donington in June, finishing 15th overall and 6th in class, driven by Kirkaldy and Guy Smith. The car returned to British GT for round eight at Thruxton that same August. Kirkaldy again took the wheel, this time with Tim Mullen driving alongside. There, the car placed 2nd overall, finishing just two seconds behind the Mosler MT900R of Balfe Motorsport.

Following the end of the car’s competitive racing career, it returned to Australia, having been purchased by a private collector in Melbourne. With them, the car was only used in a handful of demonstration and exhibition events and private track days. Self-regarded as a perfectionist, the then-owner commissioned a complete repaint that replicated the precise details, including the complex airbrushing of the livery. Around 10 years ago, the 360 N-GT was acquired by the consigning owner, who repatriated the car to the UK, where it remains today, again having only been used sparingly in non-competitive track days.

Now 25 years on from this car’s conversion by Michelotto, the 360 N-GT as a model remains eligible for a number of historic racing events and series around the world. Most notably, the car is eligible for Ferrari Corse Clienti’s highly desirable Club Competizioni GT events, run at tracks around the world. In addition to this, the car remains eligible for Peter Auto’s Endurance Racing Legends series (including Le Mans Classic), Masters Endurance Legends, and the Historic Sportscar Racing Mission GT Challenge in the United States.

Presented in its 2003 Veloqx livery, the 360 N-GT remains in good running order with strong leak-down and compression test figures, both of which were undertaken during a technical inspection by Pursuit Racing in March 2026. These remain on file alongside an indicative quotation for the car to be made race-ready in line with current regulations. The car is also accompanied by a useful suite of spares, including two sets of wheels—a full list of these spares compiled by Pursuit Racing can be found in the history file.

The 360 N-GT marks a fascinating point in Ferrari’s GT racing history, for it was at this time that Ferrari returned to the GT grid after a long absence and instantly took the fight to arch-rival Porsche. This is a car that can easily be driven on track, looks stunning, and is accompanied by one of the finest soundtracks of the era.
To view this car and others currently consigned to this auction, please visit the RM website at rmsothebys.com/auctions/wp26/.