My Car Quest

July 25, 2024

Ferrari 250LM Predicted to Be the High Sale in Monterey

by Wallace Wyss –

It will not likely be a record for a Ferrari–the most valuable Ferrari so far is a 250GTO which sold privately for over $70 million. This 250LM is the same type that won the 24 Heures du Mans in ’65 but is not the actual winner. At the auction, it is expected to reach $18 to $20 million. Its racing history includes 24 Hours of Daytona and LeMans but no wins at either venue. It ran at LeMans in ’68 by which time it was an old old car in race car terms.

Ferrari 250LM

The car’s history shows no significant crash and retains its original engine. It was acquired by its current owner in 2018, who submitted it to Ferrari for a full refurbishment and Classiche certification. The car appeared at the Ferrari Finals at Mugello and the Pebble Beach Concours d’Elegance.

The 250LM is scheduled to go up for bid during RM Sotheby’s Monterey Car Week Auction, which runs from Thursday August 17 to Saturday August 19.

The auction company writes,

Among the trilogy of the all-time greatest Ferrari models ever created; 250 GTO, 250 Testa Rossa, and the 250 LM

The 22nd of only 32 examples ever built

Raced at the 1968 24 Hours of Le Mans

Four overall victories and one additional class win during the 1965 BRSCC Season

Piloted in period by several notable racing drivers, including Mike Hailwood, Innes Ireland, and Michael Parkes

Retains original engine and transaxle utilized at Le Mans in 1968, as certified with a Ferrari Classiche Red Book

Comprehensive restoration to original specifications by Ferrari Classiche completed in 2021

One of relatively few examples to have never suffered a significant crash

Exhibited at the 2022 Pebble Beach Concours d’Elegance, the 2021 Ferrari Finals at Mugello, and the Enzo Ferrari Museum in Modena

Very well-documented with factory build sheet copies, SEFAC papers, 1968 Le Mans paperwork, former owner’s correspondence, period photographs with detailed analysis, restoration summary authored by Ferrari, history report by Marcel Massini, and Ferrari Classiche Red Book

An exquisitely presented and highly original example of Maranello’s legendary rear-engine V-12 racecar

Let us know what you think in the Comments.

Wallace Wyss art

THE AUTHOR Wallace Wyss will be bringing his portraits of 250LMs to Concorso Italiano. He can be reached at text 213-344-6496.

 
 
 
 
 

Ferrari 250LM

Photos compliments of RM Sotheby’s.
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Ferrari 250LM Predicted to Be the High Sale in Monterey
Article Name
Ferrari 250LM Predicted to Be the High Sale in Monterey
Description
At the auction, this Ferrari 250 LM is expected to reach $18 to $20 million. Its racing history includes 24 Hours of Daytona and Le Mans but no wins at either venue.
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Comments

  1. they where every day drivers being brought up near egham surrey in uk. often seen them driving about..and not all nice. then later in life moving to norfolk a local engineering shop owner used one as one of his cars..as daily driver..i remember the floor being full of lathe swarf as well as his long tail gt40…how things have changed for the elite.

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