The 512 BB was announced at the 1976 Paris Auto Show as the successor to the 365GT/4 BB, joining the line up of “Berlinetta Boxers”. The body design is an extension of the 365GT/4 BB by Pininfarina, with the taillights, muffler, integrated front spoiler, and NACA ducts as distinguishing features. These design changes served to make the form more elegant, and had the added benefit of improving cooling performance.

The engine was a 180-degree V12 DOHC with a displacement of 4,943 cc, which was increased from the 365GT/4 BB engine; this "5 L 12-cylinder" engine is the origin of the model’s name. With a compression ratio of 9.2 and four Weber triple-choke 40IF3C carburetors, it produced a maximum output of 360 hp. Although it was down 20hp from the 365GT/4 BB, the maximum torque was increased by 20 Nm to 452 Nm. The increased displacement and torque-oriented engine characteristics made the 512 BB much easier to drive, making it a representative car of the supercar boom.

Despite its huge success, the 512 BB is rare, with only 929 units produced. A highlight for this example is that it is accompanied by a Ferrari Classiche certification dated 2013. Classiche certified cars are not only verified to be in their original condition, but are also "prestigious cars" with a seal of approval from Ferrari.

The Classiche shows that the car was delivered in May 1981 to M.G. Crepaldi Automobili s.a.a in Milan, Italy. The car remains in its original specification of Rosso Corsa over Pelle Beige interior which has been maintained to a beautiful standard.

In addition to the Classiche, the car is accompanied by a spare wheel and tyre and an additional exhaust system.