The car with chassis no. 481821 was built in 1954 on a Panhard Junior X86 chassis, with expressly tuned engine, with bodywork handcrafted in the Modena area with a light aluminum "skin" (F.lli Rimondi) sitting on a frame of light tubes (Zucchelli) in a 2-seater "barchetta" type, with the lines that, especially in the front, initially had an aerodynamic shape and somehow Panhard appeal, with a third central headlight. After the first racing season, in 1955 the nose received a larger and more classic air intake with a design reminiscent of the Ferrari styles of the time.

It was sold new by Gastone Crepaldi, not only a well-known Ferrari dealer, but head of the Ital-France team, responsible for the Panhard competitive effort in Italy and, at that time, official importer of Panhard cars in Italy. The car participated with its first owner, Adriano Zerbini of Bologna, in the last four editions of the Mille Miglia speed race, in 1954, 1955, 1956 and 1957. In 1954 it ranked 8thin class and 125thoverall. The car had a noteworthy racing career with the first owner who drove it in some of the most important races on the Italian territory of those years, such as the Trofeo Supercortemaggiore, the Corsa in salita sulle Torricelle, the Coppa della Consuma among others events.

Sold in 1957, it had 4 other passionate owners, before arriving, in 1982, in the hands of the last owner who has kept it, therefore, for 38 years. The chassis car no. 481821 is still registered with its original Bologna plate from 1954. Initially and perfectly restored by Mario Galbiati, using all the original parts, the car undertook a second exciting career since 1986 in re-enactment races for vintage cars, such as the Coppa d'Oro delle Dolomiti and the Stella Alpina, ranking 1stoverall at the Coppa dei Due Mari in Riccione. In 1992 it participated in the historic Mille Miglia with a very good result: 5thoverall and 4thin class C. In 1993 it was involved in an accident while facing the Mille Miglia, which led to a deep restoration: what was unrecoverable was rebuilt, everything else was kept; the chassis number, still present, has not been compromised. Restored by the F.lli Lopane, with digitization of the Politecnico di Milano and mechanics cared by the specialist Cesare in Valenza, the car has found its place in the circuit of the most important vintage car events. It is fitted with an 850 cc engine tuned for the period races but a conforming to the original disassembled engine (no. S3 *021335*) is also included in the lot.The car was published in the book "MILLE MIGLIA'S CHASSIS The Ultimate Opus Volume II".