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Alfa Romeo Giulia TZ

Overview

The T is the point. Where a Giulia saloon is a pressed-steel monocoque, the TZ is a lattice of small-diameter tube built in the province of Perugia by SAI Ambrosini, with aluminium panels by Zagato hung over it, independent suspension at both ends and discs on all four corners. That is a purpose-built sports racing car wearing a Giulia chassis number, and it is why a car with the same 1,570cc twin cam as a road Alfa weighs about 650kg ready to run. Shown at the Turin Motor Show in 1962 and racing from 1963, it replaced the Giulietta SZ and gave Carlo Chiti's Autodelta the machine it needed. Alfa built 112 of them between 1963 and 1965, enough to clear the hundred-car threshold for Gran Turismo homologation at the start of 1964, and the class wins started immediately. Twelve more followed with a fibreglass body moulded tight to the frame, lower and 30kg lighter, and those are the TZ2s. Development stopped at the end of 1965 to clear the way for the GTA.

Distinctions

The defining attributes and collector status that make this car garage-worthy.

Homologation Special
Built for the road only because racing rules demanded it.
Octane Files Select
Renowned for its history, engineering, or cultural weight.

Collectibility scorecard

Rated 1 to 10 on the traits that matter for owning, driving, and holding on to a car like this.

Desirability
9/10
Rarity
9/10
Driving thrill
9/10
Investment trajectory
7/10
Usability
3/10
Ease of restoration
4/10
Cultural impact
6/10
Electronic dependence
Fully analogHeavily electronic

Twin sidedraught Weber carburettors, a distributor firing a twin-plug head, a cable throttle, unassisted rack steering and unassisted discs on all four corners. There is nothing here that manages anything. Even the twin-plug ignition, which is the most sophisticated idea on the car, is a mechanical distributor with two sets of leads rather than a control system. The dry-sump lubrication on the TZ2 is plumbing, not electronics. The instruments are mechanical, the fuel pump is the only meaningful electrical component in the drivetrain, and everything else in the car exists to convert what the driver asks for into motion without an intermediary.

Market data

Demand tier, price trend, and typical values by condition. Our own assessment, not a quoted valuation.

Demand tier
EntrySolidHighBlue-chip

The proven elite. Values are established, liquid, and defended at every auction.

Value trajectory
AppreciatingStableCooling

Values are climbing. The market wants more of these than exist.

Price by condition
Driver
$600k
Excellent
$900k
Concours
$1.5M

The TZ trades in a well-documented, liquid market for a car this rare. The Classic Valuer records fourteen all-time sales at a 78 percent sell-through, with a median since 2020 of GBP 678,248, a low of GBP 420,135 and a high of GBP 1,181,250 set by Gooding & Co in September 2022; the most recent strong result is GBP 922,200, also at Gooding, in March 2025. Its all-time low of GBP 80,494 dates to Bonhams in February 2011 and is a useful reminder of how far this car has travelled. The band above describes a genuine aluminium TZ with sound papers and no significant period history. The twelve TZ2s sit far above it and are excluded per the volume-car rule, as are replicas, which trade at roughly a fifth of a real car and are numerous enough to matter. Trajectory is appreciating: sell-through is high, results have hardened since 2020, and every fake that is identified shrinks the real pool further.

Values as of August 2026.

Buyer's guide

What anyone seriously considering this car should know first.

Why it's worth it
The car that turned Autodelta into Alfa Romeo's racing department, and the first Alfa with a Kamm tail
Callout
Only 650kg, because the Giulia underneath was replaced by a tubular spaceframe and hand-beaten aluminium
What to watch for
This is the Alfa where authenticity is the entire conversation. Of the 112 cars built, Sports Car Market's own assessment is that about ten are excellent, roughly forty are really good and around sixty are compromised to some degree, and that a further fifty or so complete fakes circulate. That is not a scare figure, it is the arithmetic of a car that is easy to copy: a hand-built tube frame, hand-formed panels, almost no bespoke castings, and an engine and gearbox that are ordinary Giulia parts. Replicas trade at roughly a fifth of a real car, which is exactly the incentive that produces good ones. So buy the chassis number before anything else. The stamping is the identity, and the spacing, alignment, font and star punches are what the specialists read; get them compared against the reference set rather than taking a photograph on trust. The Zagato register at zagato-cars.com holds chassis-by-chassis histories for the TZ and TZ2 and is the first call. After that, look hard at the frame itself for repaired accident damage, because these were raced and a bent spaceframe is a rebuild.

The Story

Driving character

The trick of the TZ is that it feels like a racing car built by people who liked road cars. The engine is the familiar all-alloy 1,570cc twin cam, but Alfa laid it over at an angle under the bonnet to clear the airflow and gave it the twin-plug head that later made the GTA quick, so it revs harder and cleaner than any Giulia and holds power right through to 6,500rpm and beyond. The gearbox is the five-speed, and it is the one component that reminds you of the saloon. Everything else does not. Independent suspension at both ends, in place of the live axle every other 105 car used, means the TZ turns and settles rather than hopping, and discs all round on a 650kg car give a braking response that is closer to a modern track car than to anything from 1963. There is very little sound insulation and the tube frame transmits everything. On the road it is loud, hot and unfiltered, and completely undemanding to place, because there is so little of it and it weighs so little.

Design

Ercole Spada was in his mid-twenties when he drew this, and it is the design that made his name. The controlling idea is the Kamm tail, the coda tronca, applying Wunibald Kamm's finding that a tail cut off abruptly loses very little to drag while shedding lift. Zagato had already proved it on the Giulietta SZ coda tronca sports racers, and the TZ is the developed version: a low, wide, snub-nosed shape with a sharply truncated rear deck and a three-piece rear window, sitting only 1,199mm tall over a 2,200mm wheelbase. The nose carries a version of the Alfa shield reduced almost to a badge, flanked by faired-in lamps under plexiglass. There is no ornament anywhere on the car. The TZ2 takes the same logic further and reads as a different design entirely, 270mm shorter, 100mm wider, 179mm lower and moulded rather than beaten, and it is one of the very few 1960s shapes that looks smaller in the flesh than in photographs.

Motorsport pedigree

The TZ arrived and won straight away. On its 1963 debut at the FISA Monza Cup, TZs filled the first four places in the prototype category. Homologated into Gran Turismo at the start of 1964 once the hundredth car was built, it then took class wins across the entire international calendar in a single season: the 12 Hours of Sebring, where Jim Kaser and Chuck Stoddard won the class; the Targa Florio, a class one-two-three with Roberto Bussinello and Nino Todaro third overall behind two Porsche 904s; the Nürburgring 1000km, a class one-two for Giampiero Biscaldi and Ernst Furtmayr; and the Le Mans 24 Hours, a class one-two for Bussinello and Bruno Deserti. Many of those entries came through the quasi-works Scuderia Sant'Ambroeus rather than from the factory directly. Class wins continued into 1965 and 1966 in the 1600 GT category before development was halted at the end of 1965 so Autodelta could concentrate on the GTA. Carlo Chiti's operation, which began as a consultancy on this project, went on to run Alfa Romeo's racing for the next two decades.

In culture

The TZ is not a famous car outside the hobby and it does not pretend to be. What it has instead is standing inside it. A TZ2 took the Gran Turismo Trophy at the 2009 Pebble Beach Concours d'Elegance, which is unusual recognition for a car built purely to race, and the model is a fixture at the Mille Miglia Storica, Le Mans Classic and Goodwood, where the shape does a great deal of work with people who could not name it. Its more interesting cultural role is inside Alfa Romeo itself. This is the car that turned a small consultancy in Udine run by an ex-Ferrari engineer into Autodelta, the department that then produced the GTA, the GTAm and the Tipo 33, and the name Tubolare Zagato has since been recycled twice by Zagato for the TZ3 of 2010 and 2011. Very few racing cars end up naming a lineage that outlives them by half a century.

Rivals

Cars from other manufacturers that competed for the same buyers when new.

Alpine A110

Alpine A110

France·Sports·1961–1977
Ferrari 250 GTO

Ferrari 250 GTO

Italy·Sports·1962–1964

Owning One

Why collectors want it

The TZ is the top of the Giulia family and it is not close. Everything else in the 105 series is a road car that raced well; this is a racing car that a hundred and twelve people were sold. Rarity is real and it is compounded by attrition, because these were bought to be used and a great many were. Within the run the hierarchy is simple and steep: the twelve fibreglass TZ2s are a separate market and trade at a large multiple, and inside the 112 aluminium cars what separates one from another is period competition history and the integrity of the frame and chassis number. Provenance matters more here than on almost any other Alfa, for a reason covered in the buyer's guide, and a car with a documented entry list is worth substantially more than an identical one without. The demand side is broad in a way that helps: a TZ is eligible for the Mille Miglia Storica, Le Mans Classic, Goodwood and the Tour Auto, so buyers are competing across several different reasons to want one.

Which one to look for

Two cars share the row and they are not interchangeable. The TZ, retrospectively called TZ1, is 112 cars built between 1963 and 1965 with hand-formed aluminium bodywork over the tube frame, 112 PS in road trim and up to 160 PS as raced, about 650kg and 216km/h. It is the car that did the winning and the one almost everyone means. The TZ2 is twelve cars, shown at Turin in 1964 and finished through to 1967, and it is a different animal: Zagato replaced the aluminium with fibreglass moulded tight to the chassis, dropping the roofline to 1,020mm and the weight to 620kg, shortening the body by 270mm and widening it, and Autodelta fitted a twin-plug dry-sump engine worth around 170bhp at 7,000rpm for 245km/h. The TZ2 was built only as a racing car and was never sold in road trim, and its three-piece rear window gave way to a single pane. If you can find one and afford one, the TZ2 is the grail. For anyone else the aluminium TZ is the car, and a road-trim example is the usable one.

TZ · 1963–1965

The original, called TZ1 only in retrospect. Tubular spaceframe by SAI Ambrosini in the province of Perugia, hand-formed aluminium bodywork by Zagato, independent suspension and discs on all four corners, a 1,570cc twin-plug Twin Cam laid over at an angle under the bonnet for airflow. 112 PS at 6,500rpm in road trim and up to 160 PS as raced, about 650kg, 216km/h. 3,950mm long, 1,509mm wide, 1,199mm tall on a 2,200mm wheelbase. Shown at Turin in 1962, first raced in 1963, homologated into Gran Turismo at the start of 1964 once the hundredth car was built.

TZ2 · 1965–1967

A racing car only, never sold in road trim. Zagato replaced the aluminium with a fibreglass body moulded tight to the chassis for lower drag and less weight: 620kg, 3,680mm long, 1,600mm wide and just 1,020mm tall, with a single-pane rear window in place of the TZ's three-piece one. Autodelta supplied a twin-plug dry-sump 1,570cc engine worth around 170bhp at 7,000rpm, good for 245km/h. Shown on Zagato's stand at Turin in 1964; development stopped at the end of 1965 to free Autodelta for the GTA programme, though the last cars were not finished until 1967.

What owning one is like

A TZ is a racing car and rewards being treated as one, which mostly means accepting that it needs attention rather than maintenance. The 1,570cc twin cam is the most robust thing about it, shared in its essentials with tens of thousands of road Alfas, but in race tune with a twin-plug head and high compression it wants regular valve clearances, careful carburettor balance and an oil change measured in hours rather than months. The spaceframe is where the real ownership question lives. It is small-diameter tube, it was built by hand, and most of these cars raced, so distortion and repaired accident damage are common and the aluminium skin hides both. Have the frame measured rather than looked at. The bodywork is hand-formed and thin, and Zagato panels are unavailable in any sense that involves ordering one. Fibreglass on a TZ2 is its own problem, since the original mouldings were laid tight to the chassis and crack around mounting points. Everything under it, though, is Giulia, and that makes daily running far less frightening than the value suggests.

Upkeep & parts

Ownership splits in two, and one half is genuinely easy. The drivetrain is 105-series Alfa Romeo, so the engine internals, the five-speed gearbox and much of the running gear draw on the deepest parts network any classic Italian car has, from Centerline and Classic Alfa through to Alfaholics, and any competent Alfa specialist can rebuild the twin cam. The other half is bespoke and needs planning. Spaceframe repair is a job for a fabricator who has done one before, panel work is a coachbuilder's job in hand-formed aluminium, and the Plexiglas lamp covers, the three-piece rear window and the Zagato trim are one-off items every time. Budget for the frame to be checked properly before anything else, because it determines what the rest of the work is worth. On the documentation side, the Zagato register at zagato-cars.com carries chassis-by-chassis histories for all the TZ and TZ2 cars, Alfa Romeo Classiche at Arese can issue a certificate of origin, and both are worth doing before a restoration rather than after it.

Country of origin
Italy
Class
Sports
Production years
1963–1967
Units built
~124
Model
Giulia TZ
Nickname
No nickname (TZ and Tubolare are the factory designation, Tubolare Zagato, rather than a name owners gave it)
Body
Coupe
Layout
Front-mid-engine, RWD
Engine
1,570cc DOHC Twin Cam I4, twin-plug head (78 x 82mm, 112 PS at 6,500rpm road trim, up to 160 PS race trim), 1,570cc DOHC Twin Cam I4 with Autodelta twin-plug dry-sump preparation (TZ2, around 170bhp at 7,000rpm)
Transmission
5-speed manual
Designer
Ercole Spada at Zagato