Cars
was sold for an impressive $9,600,000 during an auction held in Arizona, Phoenix.
The historic mid-engined successor of the 250 GTO is driven by a dry sump 3.3lt 320hp V12 and depending on its axle ratio, it could top 178mph or 286km/h. In 1964.
Ferrari made some stunning machinery during the ‘60s and classic car auctions during the last decade prove this every time. From the Crown Jewel 250 GTO to the mesmerizing 250 GT California Spyder, Enzo Ferrari was not only building exotic cars for the rich enthusiasts of that time but also some of the most rewarding and safe havens for money ever to exist.
But the blue chip investment status this Ferrari possesses isn’t the only interesting story to be told. This particular 250LM (Chassis No. 5899) is the 9th of 32LMs ever produced and comes with a thoroughly detailed and rich background history.
During its lifetime, it participated in 5 years of hard but successful racing, one engine swap from a 330P, two major crashes during racing of which the latter eventually led the then owner to re-shell it with a Porsche 904’s fiberglass bodywork instead of repairing the original one. Apparently, this weird and perhaps sacrilegious modification was taken with weight in mind. The car after the surgery was about 200kg (~440 lbs) lighter.
Chassis No. 5899 remained at this transgender state from 1966 until 1977 when its first restoration process began, in order to bring it back to factory specs. The restoration also included its matching numbers engine fitted back in and the recreation of the original bodywork.
Back in 1997, it was restored again for the last time with no expense spared, and the end result came from the factory when this 250LM gained the official Classiche Certification, cementing its status among the purebred Ferraris of the 1960s.
There is no such thing as a dull moment in the classic car auctions.
By Michael Karkafiris
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- James Bond's Original '007' Aston Martin Db5 Up For Sale! [plus 125 High-res Photos]
Along with George Barris' 1966 Batmobile, James Bond's 1964 Aston Martin DB5 is if not the, one of the most recognized movie cars of all times. And now, for the first time in history, it's going under the hammer by RM Auctions, a leading...
- 1957 Ferrari Testa Rossa Sets New Auction World Record At €9.02 Million
As predicted, the legendary pontoon-fender 1957 Ferrari 250 Testa Rossa set a new world record on Sunday at the third annual Ferrari Leggenda e Passione event as RM Auctions, in association with Sotheby's managed to sell the historic Prancing Horse...
- Ferrari 250gt Coupe Pinin Farina At Concorso D'eleganza
While the finished Aston Martin One-77 may have been the indisputable star of this past weekend's Concorso d'Eleganza, let's not forget that the show is primarily focused on classic production and concepts cars. And as such, the eponymous...
- 1957 Ferrari 250 Testa Rossa Auction Believed To Set New World Record For The Most Expensive Car
The beauty you see pictured above is none other than the legendary Ferrari 250 Testa Rossa race car and it is expected to break the world record for the most expensive vintage motor car ever to be sold at auction which is currently held by a 1961 Ferrari...
Cars
Ferrari 250 LM with a Weird Past Sold for a Cool $9.6 Million
was sold for an impressive $9,600,000 during an auction held in Arizona, Phoenix.
The historic mid-engined successor of the 250 GTO is driven by a dry sump 3.3lt 320hp V12 and depending on its axle ratio, it could top 178mph or 286km/h. In 1964.
Ferrari made some stunning machinery during the ‘60s and classic car auctions during the last decade prove this every time. From the Crown Jewel 250 GTO to the mesmerizing 250 GT California Spyder, Enzo Ferrari was not only building exotic cars for the rich enthusiasts of that time but also some of the most rewarding and safe havens for money ever to exist.
But the blue chip investment status this Ferrari possesses isn’t the only interesting story to be told. This particular 250LM (Chassis No. 5899) is the 9th of 32LMs ever produced and comes with a thoroughly detailed and rich background history.
During its lifetime, it participated in 5 years of hard but successful racing, one engine swap from a 330P, two major crashes during racing of which the latter eventually led the then owner to re-shell it with a Porsche 904’s fiberglass bodywork instead of repairing the original one. Apparently, this weird and perhaps sacrilegious modification was taken with weight in mind. The car after the surgery was about 200kg (~440 lbs) lighter.
Chassis No. 5899 remained at this transgender state from 1966 until 1977 when its first restoration process began, in order to bring it back to factory specs. The restoration also included its matching numbers engine fitted back in and the recreation of the original bodywork.
Back in 1997, it was restored again for the last time with no expense spared, and the end result came from the factory when this 250LM gained the official Classiche Certification, cementing its status among the purebred Ferraris of the 1960s.
There is no such thing as a dull moment in the classic car auctions.
By Michael Karkafiris
Photo Gallery
- Roll Like An F1 Champ With Schumacher's Scuderia Ferrari Motorhome
Vehicle auctions usually make headlines for automobiles sold for ridiculous amounts of money, for being very rare or very famous. At the very least, they must have been owned at some point by a rock star, an F1 driver or some other kind of celebrity...
- James Bond's Original '007' Aston Martin Db5 Up For Sale! [plus 125 High-res Photos]
Along with George Barris' 1966 Batmobile, James Bond's 1964 Aston Martin DB5 is if not the, one of the most recognized movie cars of all times. And now, for the first time in history, it's going under the hammer by RM Auctions, a leading...
- 1957 Ferrari Testa Rossa Sets New Auction World Record At €9.02 Million
As predicted, the legendary pontoon-fender 1957 Ferrari 250 Testa Rossa set a new world record on Sunday at the third annual Ferrari Leggenda e Passione event as RM Auctions, in association with Sotheby's managed to sell the historic Prancing Horse...
- Ferrari 250gt Coupe Pinin Farina At Concorso D'eleganza
While the finished Aston Martin One-77 may have been the indisputable star of this past weekend's Concorso d'Eleganza, let's not forget that the show is primarily focused on classic production and concepts cars. And as such, the eponymous...
- 1957 Ferrari 250 Testa Rossa Auction Believed To Set New World Record For The Most Expensive Car
The beauty you see pictured above is none other than the legendary Ferrari 250 Testa Rossa race car and it is expected to break the world record for the most expensive vintage motor car ever to be sold at auction which is currently held by a 1961 Ferrari...