Skip to main content

Enzo-era Ferrari finds a new home at McPherson College

Dr. Richard Lundquist, one of California’s most prominent real estate developers and philanthropists, handed over the keys to his 1972 Ferrari, valued at over $600,000, to McPherson College’s Auto Restoration Program in a surprise ceremony on May 6th.

McPHERSON, KANSAS (May 9, 2022) – In a surprise ceremony last Friday, McPherson College received and unveiled a classic 1972 Ferrari 365 GTB/4 Daytona, a two-seat grand tourer, a gift from Dr. Richard Lundquist, LHD. A longtime supporter of the college’s auto restoration program, Lundquist’s gift marks the first Ferrari the college has ever received.

“I’m pleased to hand over the keys to one of my most prized possessions to the wonderful students and faculty at McPherson College,” said Lundquist. “It’s my hope that the car provides enhanced learning opportunities and can be restored by the students and eventually compete in prestigious events.”

For 46 years, McPherson College has been the only college in America developing the next generation of automotive restorers, with graduates securing positions with some of the top car collectors, museums, and restoration companies in the world. The program’s students study and work on historic cars, including a 1927 Ford Model A, a 1936 V-12 Lincoln Convertible Sedan, and a 1956 Austin Healey 100M, and are able to learn how to properly work on and restore cars that carry a deep history. And, while they have worked on many unique and storied vehicles, the Ferrari stands alone in its prestige and history.

“The magnitude of this gift is a once-in-a-lifetime opportunity for not only our automotive restoration students but the entire McPherson community,” said McPherson College President Michael Schneider. “This is one of the most impactful educational tools and gifts that McPherson College has ever received. We cannot thank Richard enough for this gift and his continued friendship and support of the college.”

The 1972 Ferrari 365 GTB/4 is one of the last models manufactured by Ferrari before company founder and namesake Enzo Ferrari sold the company to Fiat. The two-seat grand tourer, designed by Pininfarina and built by Carrozzeria Scaglietti, was ranked number two in Motor Trend’s “Greatest Ferraris of All Time.”

“This car is old-school. It’s largely handmade at a time when this just wasn’t done, and with its engine in the front, the 365 GTB/4 ran counter to the latest trend of putting the engine behind the driver,” Ed Barr, professor of technology at McPherson College, said. “Enzo Ferrari’s willingness to disregard the latest fad and embrace craftsmanship in pursuit of excellence are sentiments our students will appreciate. The hands-on study of this car will allow our students to retrace the steps and learn the methods of the craftspeople who built it the first time.”

After the unveiling, students were able to come to the stage to examine the car up close and talk with Lundquist about the vehicle’s story and journey to McPherson College.

“It gave me a broad smile to see the students engaging with the car up close in a way that could never happen if it was cordoned off in a museum,” said Lundquist.

During a ceremony earlier Friday, McPherson also officially dedicated, cut the ribbon, and formally opened the Paul Russell and Company Center for Automotive Research, made possible through a generous gift from Melanie and Richard Lundquist. Last year, McPherson College announced that Florida philanthropist and automotive enthusiast, Dano Davis, gave $1 million in a matching gift towards the college’s $20 million goal.

In March 2021, McPherson College conferred honorary doctorates on Richard and his wife, Melanie, to recognize the couple’s significant body of work in driving systemic change in K-12 public education, health care delivery, and innovation, as well as the environment. The Doctor of Humane Letters (LHD) degrees were awarded by McPherson College’s Board of Trustees and faculty, who voted unanimously to recognize the Lundquists with the honorary degrees.

McPherson College

About McPherson College Automotive Restoration

The McPherson College Automotive Restoration program began in 1976 and has evolved into the only award-winning four-year bachelor’s degree program for automotive restoration technology in the country. The program offers student experience outside of the classroom at some of the most prestigious car events in the United States, like Pebble Beach Concours d’Elegance, where the program was featured in a spotlight on Fox Business. The college also has a growing alumni base who work in all facets of the car collecting world including Hagerty, Mercedes-Benz Classic Center, Historic Vehicle Association, RM Sotheby’s, in their own shops, at museums, and in private collections. Learn more about the program here:

About Dr. Richard Lundquist

Dr. Richard Lundquist, LHD, is a native and lifelong resident of Southern California. Richard is considered one of California’s most respected real estate developers. In 1988, he became President & CEO of Continental Development Corporation. By the mid-1990s, Richard completed his purchase of Continental Development Corporation, which has now developed well over 5 million square feet of commercial buildings. Recently, his company and a development partner secured approval to build and lease a new 14-acre headquarters and training facility to the Los Angeles Chargers NFL team. During the pandemic, he co-developed and opened the 5.7-acre Del Rey campus, the newest office campus on the Westside of Los Angeles, where Electronic Arts – the pioneering video game company – is the anchor tenant. Richard’s company is also the landlord for the global headquarters of electric vehicle automaker Fisker, Inc. as well as the iconic American automotive magazine, Motor Trend. Continental Development also developed Continental Park, considered the largest mixed-use office park in Los Angeles County. In February 2008, the company completed construction of and opened the InterContinental San Francisco, the largest new hotel developed in San Francisco in the last thirty years.  For over three decades, Richard has served as a member of the Board of Directors of the El Segundo Education Foundation, a non-profit organization that raises funds for El Segundo, CA public schools, where Continental Development is headquartered. Richard served for over ten years as Chairman of the Foundation’s Board of Directors. Richard also serves on the El Segundo Economic Development Corporation Board of Governors and the Lundquist Institute’s Board of Directors. Richard earned his Bachelor of Science Degree from the University of Southern California.

Old Cars Divider

If you like stories like these and other classic car features, check out Old Cars magazine. CLICK HERE to subscribe.

Want a taste of Old Cars magazine first? Sign up for our weekly e-newsletter and get a FREE complimentary digital issue download of our print magazine.

Old Cars FREE ISSUE Promo

*As an Amazon Associate, Old Cars earns from qualifying purchases.

Where to Bid

Car Auciton

Check out the Old Cars Auction Calendar

The Old Cars Auction Calendar has the when and where you are looking for when it comes to classic car auctions.