The front-engined 412 may not be the most fabled Ferrari in the Italian automaker's history thanks to its boxy design, but it still has its fans. Poor sales in the 1980s means that finding one today is no easy task which makes them highly sought after among car collectors. One fan was so besotted with the 412, they contacted coachbuilder Ares Design to revive it for the 21st century using the GTC4 Lusso as a base while retaining the 412's quintessentially '80s styling. The result is what Ares is calling the Project Pony – and it can be yours for $872,470.

A precursor to the 456 GT, the 412 was the last in a series of four-seater Ferraris that started with the 365 GT4 2+2. Originally, it packed a 4.9-liter naturally aspirated V12 and its unusual bodywork was styled by Pininfarina. At the time, it was also one of the first Ferraris to be offered with an automatic transmission. Project Pony will feature bespoke, retro-inspired carbon fiber bodywork over the GTC4's chassis with styling cues inspired by the 412 such as angular headlights and a vented hood. It will also retain the GTC4 Lusso's 2+2 seat layout, all-wheel drivetrain, and 6.3-liter V12, which sends 680 horsepower to all four wheels.

There is also the rear-wheel drive T version of the GTC4 Lusso which utilizes a 3.9-liter twin-turbocharged V8 with 610-hp, so we'll have to wait and see if it also gets the coachbuilding treatment. Project Pony isn't the only Italian exotic being revived by Ares either – it will be built later this year when the coachbuilder completes the Lamborghini Huracan-based Project Panther inspired by the De Tomaso Pantera. The coachbuilder company, which is headed by former Lotus chief Dany Bahar who also worked for Ferrari, is also building the insane 760-hp X-Raid off-roader based on the Mercedes G-Class.