Featured Listing – 1998 Ferrari F355 Challenge

1998 Ferrari F355 Challenge

Update, November 10, 2014: The F355 Challenge has been sold to a longtime Sports Car Digest reader in Europe. Hope you enjoy it!

Single-marque motorsports have always represented a powerful means of advertising to the motoring enthusiast, as it displays that a nearly showroom stock production car can compete in the heat of competition. The idea has been borrowed by nearly every manufacturer imaginable; from BMW to Porsche, and even Toyota. Nothing is off limits. When Ferrari decided to take part in this marketing endeavor in 1993, they started off with their hot 348 Berlinetta model, which could be modified by a dealer-installed package that converted your run-of-the-mill road car into a competition machine.

The rest is history, as they might say. With some manufacturers only dabbling with the idea, Ferrari has turned it into a business and a brand that is still around today. With a grid that was generally filled with names you might recognize from Fortune or Forbes, Ferrari is clearly onto something.

Ferrari’s next candidate for their Challenge series was their new F355 model in 1995. The 355 represented a shift, as for 1996 they went from merely modifying road cars to selling factory-built race cars, much like Porsche did with their ubiquitous “Cup” and “Supercup” series. The competition was strong and full of up-and-coming drivers, including the late Matthew Drendel, who would later race professionally in Grand-Am and then go on to purchase a few, special Porsches later in life. (See Matthew Drendel Collection).

The example on offer here was raced in anger by Drendel in the Ferrari Challenge Championship for their 1998 and 1999 season for the ‘Cable Trackers’ team. This car would later be lightly modified to compete in the Speedvision World Challenge Series for their 2000 season. The development of this 355 Challenge race car didn’t stop at the factory.

This 1998 Ferrari F355 Challenge #111774 was sold from the Drendel Family Collection near the end of 2001 and has remained with the same collector until now. Actively campaigned during this time and used as a highly competent track-day machine, the 355 Challenge is still dressed in the same livery that it ran in during its previous life as a competition machine. Graced with a perfect amount of aesthetic patina, it has enjoyed fastidious ownership with plenty of maintenance that is well documented. The car enjoyed use as recently as May 2014 at Road Atlanta.

1998 Ferrari F355 Challenge

VIN: ZFFXR41A0W0111774
14,046 miles

Note : This car is not street legal and is sold on a Bill of Sale.

Below are some of the details of the engine’s current status and some of the modification and development during its racing life:

  • Cylinder heads replaced with the preferred 1995MY units
  • Bosch 2.7 Motronic ECU
  • JE High-Compression pistons
  • Multiple engine rebuilds (As recent as 3/2013)
  • European Challenge exhaust
  • JRZ Remote-Reservoir, Adjustable shocks (Rebuilt 12/2013)
  • Custom Transaxle cooler
  • Carbon-fiber nose and storage compartment lid.

Accompanying the sale of the car are the contents below:

  • (3) Sets of Speedline magnesium wheels
  • (2) Spare set of Dunlop racing slick tires
  • (1) Spare set of Pirelli Rain racing tires
  • (1) Spare Challenge/OMP Carbon Kevlar racing seat
  • New Sabelt harnesses
  • Original OMP harnesses
  • Unused, Carbon-fiber nose
  • ATL “Redhead” fuel filler
  • Auxiliary starting battery
  • Ferrari 355 Challenge Shop Manuals (All three volumes)
  • Ferrari 355 Challenge Parts Catalog
  • Copy of Certificate of Origin

The racing eligibility for these ex-Challenge cars has now grown in the recent years, as they are now eligible within most historic sanctioning bodies in the United States, including HMSA, SVRA, HSR and SCCA. More recently, the Ferrari Club of America has offered a Historic Challenge Racing series for owners that crave door-to-door racing. Along with this, the Forza Tifosi Challenge, through Challenge Club Racing, offers even more Ferrari Challenge specific events that are hosted at well-known circuits throughout the United States.

The Ferrari Challenge cars represent great value for the grassroots racer to get behind the wheel of a competent, Ferrari factory-built race car. The F355 Challenge is a pivotal point in Ferrari’s history, as it represented the end of the analog-age, manually shifted Challenge cars and the beginning of their purpose-built racing car program for their Challenge series.

This 1998 Ferrari F355 Challenge is offered at $68,500 USD. Please note this will be sold on a Bill of Sale only. It is available for immediate inspection in Hickory, North Carolina. Pre-purchase inspections are encouraged. Click Here If Interested.

1998 Ferrari F355 Challenge For Sale – Photo Gallery (click image for larger picture)

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