Autoblog and Yahoo may earn commission from links in this article.One of only six Ferrari 575 GTZs built by Italian design house Zagato is coming to The Quail for this year's Monterey Car Week, and, in good news for the Prancing Horse fans, it will be going up for auction. The only slight drawback is that the reserve price alone is more than the combined cost of THREE, manual-transmission Ferrari 12Cilindris.Officially commissioned by Japanese collector Yoshiyuki Hayashi, the 575 GTZ was inspired heavily by another Zagato project, the 250 GT LWB Berlinetta 'Tour de France' (fittingly, just five were bodied between 1956 and 1959 for competition purposes). This 2006 Ferrari 575 GTZ by Zagato special edition will go under the hammer at The Quail Auction on Thursday August 16, with reserve prices set between $1.2 million and $1.5 million USD. For context, one of the rarest Ferrari Special Projects ever commissioned could be yours for 'only' the asking price of an Aston Martin Valhalla (yes, even those on the used market), with potentially enough left over for a brand-new Ferrari Roma Spider too.How Zagato 'Improved' The 575MM2006 Ferrari 575 GTZ by Zagato (Credit: Broad Arrow Auction)AdvertisementAdvertisementSince, apparently, his already V12-engined, Lamborghini Murciélago-baiting 575 M Maranello was considered a little too 'hum-drum' in 2003, Hayashi approached Zagato personally for a custom 'Tour de France' build. Having received the greenlight from Ferrari, Zagato set to work removing the 575's aluminum bodywork, and, in its place, sculpted rounded fender haunches, an oval egg-crate grille, and a double-bubble roof in tribute to the 250 GT LWB Berlinetta. A model that, incidentally, had competed and taken class wins both on the road and in hill climb competition, and even contested that most buttock-clenching of events, the Mille Miglia.2006 Ferrari 575 GTZ by Zagato 'Verde' interior (Credit: Broad Arrow Auction)The interior of 'Project Zero,' meanwhile – Ferrari's in-house codename for the project – was re-trimmed with Verde leather across the seats, door panels, and center console, plus the obligatory diamond-stitching across the transmission tunnel.Fear not! Zagato didn't touch the V122006 Ferrari 575 GTZ by Zagato 5.7-liter V12 (Credit: Broad Arrow Auction)AdvertisementAdvertisementTwelve-cylinder fanatics can breathe a sigh of relief, since the 575's six-speed, Formula 1-inspired transmission and the 5.7-liter V12 both remained untouched. Thus, the latter continuing to chuck out 515-horsepower (or 540 hp, according to Broad Arrow Auction's listing) and 434 pound feet of torque. Quite what the new snazzy bodywork and loud interior has done to the 575's 4.2-second 0-60 MPH time, however, remains a mystery…Why this Zagato may look familiar…2006 Ferrari 575 GTZ by Zagato (Credit: Broad Arrow Auction)The Ferrari 575 GTZ by Zagato would eventually make its debut at the 2006 Concorso d'Eleganza Villa d'Este (somewhat bizarrely, since the 2004MY build was completed in October 2003), and caused such a stir that, alongside the two built for Hayashi, seven more examples were commissioned shortly afterwards. Three of which were roadsters, and all of which were based on 575 MM donor models. Ferrari soon put to a stop to any further builds, however, and the total stands at a still scarce nine.After its spotlit debut, this particular example – chassis 134936 – alongside its sister model, later began life anew in the United States (the pair were the only examples of this unique breed officially imported to North America). Since 2023, Ferrari's official dealership in Seattle has acted as the model's guardian, with the Scuderia having also overhauled the V12 to preserve both the performance and that weak-knee-inducing soundtrack. Perhaps unsurprisingly, mileage has been kept to a premium, with just 3,364 miles passing beneath those Michelins since 2003.2006 Ferrari 575 GTZ by Zagato (Credit: Broad Arrow Auction)AdvertisementAdvertisementIncidentally, if the Ferrari 575 GTZ by Zagato looks strangely familiar, that might be because a sister, 2005 model previously went up for auction in 2020 – this time with RM Sotheby's – but failed to sell when its $1.75 - $2 million reserve could not be reached.This story was originally published by Autoblog on Jul 25, 2026, where it first appeared in the Cars section. Add Autoblog as a Preferred Source by clicking here.