1964 Ferrari 250 LM: Iconic Classic Sets Auction Records
NEWS . FERRARI . FERRARI 250 GT
The 1964 Ferrari 250 LM: An Automotive Masterpiece Breaking Auction Records
In the world of classic cars, few models reach figures as impressive as the 1964 Ferrari 250 LM, which was recently sold for an astonishing €38.8 million. This iconic model, renowned for its racing legacy, has played a key role in motorsport history and now joins the exclusive club of the world’s most valuable vehicles.
The Ferrari 250 LM stands out not only for its design and power but also for being the last Ferrari with a V12 engine to achieve overall victory at the 24 Hours of Le Mans, before the era of the Ford GT40. Auctioned by RM Sotheby’s, this example is in impeccable condition, accompanied by exceptional documentation that confirms its authenticity and historical significance.
A Car with an Unrivaled Legacy
This exclusive Ferrari was part of the Indianapolis Motor Speedway Museum for 54 years, having been acquired in 1970 after competing in the 24 Hours of Daytona. Its recent sale places it among the most highly valued cars in the world.
It is the sixth of the 32 units ever built and is notable for its starring role at Le Mans 1965, where, under the North American Racing Team (NART), it achieved victory with Masten Gregory and Jochen Rindt behind the wheel. This accomplishment marked Ferrari’s sixth consecutive win at the legendary French race, closing a golden era before the dominance of the Ford GT40.
Moreover, this 250 LM is the only Ferrari entered by a private team to win at Le Mans. Throughout its history, it competed in six 24-hour races: three at Le Mans and three at Daytona—a rare feat for a Ferrari from the era of Enzo Ferrari. Unlike other restored racing cars, this model has retained its original engine and gearbox, further reinforcing its authenticity and market value.
A Prestigious Car with a Rich History
The documentation for this Ferrari 250 LM includes official records of its participation in Le Mans 1965, 1968, and 1969, as well as maintenance invoices and parts. It also had a prominent presence at the 1967 New York Auto Show, where it was exhibited by Chinetti Motors/NART.
During its time at the Indianapolis Motor Speedway Museum, this Ferrari received meticulous maintenance to preserve its original condition. Additionally, it has been showcased at prestigious events such as the Monterey Historics in 1994, The Quail in 2016, and the Pebble Beach Concours d’Elegance on four occasions.
Even today, this motorsport gem continues to demonstrate its impressive performance. A testament to this was when driver Romain Grosjean had the opportunity to drive it at the Indianapolis Motor Speedway, experiencing firsthand the power and character of this legendary machine.
The sale of this Ferrari 250 LM for such a high price confirms its place in motorsport history. With a record of racing victories, impeccable preservation, and unmatched provenance, this model continues to leave its mark in the automotive world. For most enthusiasts, owning a Ferrari like this is only a dream… although there’s always the option of adding it to a 1:43 scale collection.
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