Cars 1962-64
See also : Cars Cars of the 1960s Cars II Ferrari LWB to GTO California Spider Ferrari > 1962 Ford and Shelby British cars Aston Martin Jaguar Italy
Chronology : 1962
Chronology : 1962
1962 The Two Series of the 250 GTO
2018 SOLD for $ 48M including premium
It is not enough to be the prettiest berlinetta of its time to win Grand Touring competitions, especially when Jaguar, Aston Martin and Shelby apply ambitious development programs. The Ferrari250 GT SWB is no longer competitive with its oblique front that lifts at 250 km/h.
A team around Giotto Bizzarrini designs a low body with a tapered front hood. To facilitate the homologation, the new chassis has the same size as the SWB. The studies are validated in wind tunnel. The lowered engine remains a 3-liter Colombo V12 while incorporating several improvements from the 250 TR.
Thus was born the 250 GTO at the beginning of 1962. 33 cars are built according to this model. They immediately dominate endurance and hill competitions. However Bizzarrini had left the company after a disagreement with Enzo Ferrari.
The technological challenge goes on. The approval of the 250 LM will be refused. While waiting for better days, Ferrari requires Mauro Forghieri and his team to modify the 250 GTO according to the aerodynamic improvement of the LM. Three 250 GTO Series II are built in 1964.
Four Series I cars are upgraded in 1964 to the Series II specifications. One of them is estimated $ 45M for sale by RM Sotheby's in Monterey on August 25, lot 247. Please watch the video shared by the auction house.
This car was in 1962 the third GTO produced. Tested in May by Phil Hill at the Targa Florio, it is sold by Ferrari a few days later to a friend of Enzo Ferrari, Edoardo Lualdi-Gabardi, who gets excellent results in hill climbing with this car. In April 1964 Corrado Ferlaino leads it to First In Class in the Targa Florio, thus brilliantly validating the transitory concept of the Series II.
The price of a Ferrari 250 GTO depends on its results in period and on its crash history. The car for sale was not damaged. For reasons of preservation, the original engine was removed a few years ago. It is sold with the car.
In May 2018 a price of $ 70M in a private transaction was reported for a 250 GTO with a better race history including the victory at the 1964 Tour de France.
A team around Giotto Bizzarrini designs a low body with a tapered front hood. To facilitate the homologation, the new chassis has the same size as the SWB. The studies are validated in wind tunnel. The lowered engine remains a 3-liter Colombo V12 while incorporating several improvements from the 250 TR.
Thus was born the 250 GTO at the beginning of 1962. 33 cars are built according to this model. They immediately dominate endurance and hill competitions. However Bizzarrini had left the company after a disagreement with Enzo Ferrari.
The technological challenge goes on. The approval of the 250 LM will be refused. While waiting for better days, Ferrari requires Mauro Forghieri and his team to modify the 250 GTO according to the aerodynamic improvement of the LM. Three 250 GTO Series II are built in 1964.
Four Series I cars are upgraded in 1964 to the Series II specifications. One of them is estimated $ 45M for sale by RM Sotheby's in Monterey on August 25, lot 247. Please watch the video shared by the auction house.
This car was in 1962 the third GTO produced. Tested in May by Phil Hill at the Targa Florio, it is sold by Ferrari a few days later to a friend of Enzo Ferrari, Edoardo Lualdi-Gabardi, who gets excellent results in hill climbing with this car. In April 1964 Corrado Ferlaino leads it to First In Class in the Targa Florio, thus brilliantly validating the transitory concept of the Series II.
The price of a Ferrari 250 GTO depends on its results in period and on its crash history. The car for sale was not damaged. For reasons of preservation, the original engine was removed a few years ago. It is sold with the car.
In May 2018 a price of $ 70M in a private transaction was reported for a 250 GTO with a better race history including the victory at the 1964 Tour de France.
1962 Opening the Club of the 250 GTO Owners
2014 SOLD 38 M$ including premium
The Ferrari 250 GTO (Gran Turismo Omologato) is the skilled union of the 250GT SWB chassis and of the 250TR engine, designed to win endurance and hill climbing competitions. It was coachworked as a berlinetta by Scaglietti. Its perfect geometry has also been improved after wind tunnel tests.
39 cars were manufactured between 1962 and 1964, which is a high figure for a commercial upscale Ferrari. Some have been modified. 28 units remain with the 3-litre engine from its original design.
Extremely competitive without being exceptionally rare, the 250 GTO is the preferred model of the auto enthusiasts from the high society, functioning as an informal club with media covered exclusive meetings. Cars are transmitted like a talisman by each owner to his handpicked successor.
For this reason, the history of the 250 GTO at auction is null. Sports Car Digest retrieved two events: a car unpaid after it was sold by Sotheby's in Monaco in 1990 and another one unsold by Brooks at Gstaad in 2000.
The sale by Bonhams at Quail Lodge on August 14 of a 250 GTO is a great event in the history of automobile auctions. Coming from a deceased estate, it had not changed hands for nearly half a century and is offered without reserve, lot 3.
This car has accumulated an interesting competition record after a bad start. Made in 1962, it was much damaged at Montlhéry on 7 October of the same year, killing one of its co-owners the ski champion Henri Oreiller. Repaired in 1963 at a time when the production chain of the 250 GTO was in full operation, it is an authentic unit.
POST SALE COMMENT
Such an event was expected for many years: a Ferrari 250 GTO sold at auction! The result, $ 38 million including premium, enters the price range expected by Bonhams.
39 cars were manufactured between 1962 and 1964, which is a high figure for a commercial upscale Ferrari. Some have been modified. 28 units remain with the 3-litre engine from its original design.
Extremely competitive without being exceptionally rare, the 250 GTO is the preferred model of the auto enthusiasts from the high society, functioning as an informal club with media covered exclusive meetings. Cars are transmitted like a talisman by each owner to his handpicked successor.
For this reason, the history of the 250 GTO at auction is null. Sports Car Digest retrieved two events: a car unpaid after it was sold by Sotheby's in Monaco in 1990 and another one unsold by Brooks at Gstaad in 2000.
The sale by Bonhams at Quail Lodge on August 14 of a 250 GTO is a great event in the history of automobile auctions. Coming from a deceased estate, it had not changed hands for nearly half a century and is offered without reserve, lot 3.
This car has accumulated an interesting competition record after a bad start. Made in 1962, it was much damaged at Montlhéry on 7 October of the same year, killing one of its co-owners the ski champion Henri Oreiller. Repaired in 1963 at a time when the production chain of the 250 GTO was in full operation, it is an authentic unit.
POST SALE COMMENT
Such an event was expected for many years: a Ferrari 250 GTO sold at auction! The result, $ 38 million including premium, enters the price range expected by Bonhams.
1962 The Shark Nose Berlinetta
2015 SOLD for $ 16.5M including premium
Enzo Ferrari would never cooperate with Carrozzeria Bertone. The reason is simple: this workshop in Turin had contributed to the success of the Giulietta range of Ferrari's arch-rival Alfa Romeo.
Enzo Ferrari had also friends. When he developed the chassis 250 GT SWB in 1959, he accepted that one of the first units should be reserved to Dr. Wax. This Italian industrialist loved the spectacular coachworks. Rather than going to regular contributors of Ferrari, Pinin Farina and Scaglietti, he selected Bertone for creating a one-off berlinetta.
The choice was significant. Nuccio Bertone was one of the visionaries of the Italian design. The Wax Ferrari was conceived by Giorgetto Giugiaro, hired in the same year by Bertone at the age of 21, who was to become one of the most famous designers.
This first SWB by Bertone and Giugiaro already displays their vision to create berlinettas with the aggressive shapes of a Grand Prix car. This car was sold for $ 7M including premium by RM Auctions on November 21, 2013.
In 1962 Nuccio Bertone purchases a 250 GT SWB chassis with the target to demonstrate to Enzo Ferrari that he is able to create a product competing through its modernity with Pinin Farina's classic design.
In the previous year in Grand Prix, the Ferrari 156 F1 had inaugurated a new angular shape with a shark nose front side. From drawings by Giugiaro, Bertone built a berlinetta inspired by the 156 F1. It may be considered in its daring as a precursor of the road supercars.
Bertone exhibits his car extensively throughout 1962 but fails to be entrusted with additional chassis by Enzo Ferrari. Each one of the two Berlinetta Speciale bodied by Bertone will remain unique. Both have been certified by Ferrari Classiche in 2009.
The 1962 Speciale is estimated $ 14M for sale by Gooding in Pebble Beach on August 15, lot 039. Here is the link to the press release.
Enzo Ferrari had also friends. When he developed the chassis 250 GT SWB in 1959, he accepted that one of the first units should be reserved to Dr. Wax. This Italian industrialist loved the spectacular coachworks. Rather than going to regular contributors of Ferrari, Pinin Farina and Scaglietti, he selected Bertone for creating a one-off berlinetta.
The choice was significant. Nuccio Bertone was one of the visionaries of the Italian design. The Wax Ferrari was conceived by Giorgetto Giugiaro, hired in the same year by Bertone at the age of 21, who was to become one of the most famous designers.
This first SWB by Bertone and Giugiaro already displays their vision to create berlinettas with the aggressive shapes of a Grand Prix car. This car was sold for $ 7M including premium by RM Auctions on November 21, 2013.
In 1962 Nuccio Bertone purchases a 250 GT SWB chassis with the target to demonstrate to Enzo Ferrari that he is able to create a product competing through its modernity with Pinin Farina's classic design.
In the previous year in Grand Prix, the Ferrari 156 F1 had inaugurated a new angular shape with a shark nose front side. From drawings by Giugiaro, Bertone built a berlinetta inspired by the 156 F1. It may be considered in its daring as a precursor of the road supercars.
Bertone exhibits his car extensively throughout 1962 but fails to be entrusted with additional chassis by Enzo Ferrari. Each one of the two Berlinetta Speciale bodied by Bertone will remain unique. Both have been certified by Ferrari Classiche in 2009.
The 1962 Speciale is estimated $ 14M for sale by Gooding in Pebble Beach on August 15, lot 039. Here is the link to the press release.
1962 The Heritage of Carroll Shelby
2016 SOLD for $ 13.7M including premium
Carroll Shelby wisely stops competition for health reasons in 1960. He can now focus on a visionary project : to create a car that will be capable of defeating the Europeans. He will succeed where the major American brands had failed.
The basic idea of Shelby was simple : assemble a powerful engine on a small chassis. The difficulty of reaching the suitable stability needed all the experience of a champion. Going small had also ensured the success of Porsche.
Shelby is not yet an entrepreneur. He looks worldwide for the chassis and the engine that will best meet his request.
In England, the small AC Cars company is facing a major issue : the engine used on their AC Ace chassis is no longer manufactured. Shelby's project comes at the right time to start a cooperation. Ford is working at the same time on the development of lightweight engines. Shelby borrows an AC chassis and has a V-8 engine 221 cubic inches assembled by Ford in Dearborn. The feasibility is assured.
Shelby must now work out the technical details. He requires the modifications to the AC chassis that will generate the AC Cobra, and chooses a Ford V-8 260 cubic inches engine (4.2 liters). The prototype is assembled in February 1962 in California by Shelby helped by Dean Moon.
This prototype named CSX 2000 from its chassis number enters the legend. It serves both the technical development and the marketing. Shelby does not have the financial means to assemble other cars : his unique prototype is painted in a different color for each presentation to the specialized press in order to suggest that a production line is already operational. The performance of the CSX 2000 pleases Ford. What will follow is a remarkable American success story.
Carroll Shelby had kept the CSX 2000. It is intact and retains traces of the tools from the settings by Shelby and Moon. A friend of Rob Myers, Shelby had required that the CSX 2000 is auctioned by RM after his death. It is offered by RM Sotheby's in Monterey on August 19, lot 117. The estimate of the "most important American sports car in history" is not published.
Please watch the video shared by RM.
An image of CSX 2000 taken in 2010 is shared by Wikimedia with attribution : Jaydec at English Wikipedia [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons
The basic idea of Shelby was simple : assemble a powerful engine on a small chassis. The difficulty of reaching the suitable stability needed all the experience of a champion. Going small had also ensured the success of Porsche.
Shelby is not yet an entrepreneur. He looks worldwide for the chassis and the engine that will best meet his request.
In England, the small AC Cars company is facing a major issue : the engine used on their AC Ace chassis is no longer manufactured. Shelby's project comes at the right time to start a cooperation. Ford is working at the same time on the development of lightweight engines. Shelby borrows an AC chassis and has a V-8 engine 221 cubic inches assembled by Ford in Dearborn. The feasibility is assured.
Shelby must now work out the technical details. He requires the modifications to the AC chassis that will generate the AC Cobra, and chooses a Ford V-8 260 cubic inches engine (4.2 liters). The prototype is assembled in February 1962 in California by Shelby helped by Dean Moon.
This prototype named CSX 2000 from its chassis number enters the legend. It serves both the technical development and the marketing. Shelby does not have the financial means to assemble other cars : his unique prototype is painted in a different color for each presentation to the specialized press in order to suggest that a production line is already operational. The performance of the CSX 2000 pleases Ford. What will follow is a remarkable American success story.
Carroll Shelby had kept the CSX 2000. It is intact and retains traces of the tools from the settings by Shelby and Moon. A friend of Rob Myers, Shelby had required that the CSX 2000 is auctioned by RM after his death. It is offered by RM Sotheby's in Monterey on August 19, lot 117. The estimate of the "most important American sports car in history" is not published.
Please watch the video shared by RM.
An image of CSX 2000 taken in 2010 is shared by Wikimedia with attribution : Jaydec at English Wikipedia [CC BY-SA 3.0 (http://creativecommons.org/licenses/by-sa/3.0) or GFDL (http://www.gnu.org/copyleft/fdl.html)], via Wikimedia Commons
1962 LWB and SWB
2012 SOLD 8.6 M$ including premium
I previously wrote about the Ferrari 250 GT California Spider: "Two chassis versions existed: LWB (long wheel base) and SWB (short wheel base). These models often come in the auctions and provide opportunities to keep the odds on the favorite version of the market." My article was dealing with the "Competizione" variant.
Since then, both leaders of California summer sales have introduced a 250 GT California Spider in their last minute entries. One of them is the first unit of the model, the other is one of the latest, and viewing them together provides a nice summary of the evolution of the basic variant.
It is no coincidence. Sales of next week will be the greatest car auction meeting of all time, and the first announcements have attracted further pieces of top quality. Less rare than the 250 GTO, the 250 GT California Spyder is somehow the middle-quantity model which is the most greeted by collectors.
For sale by Gooding in Pebble Beach on August 19, the prototype produced in 1957 and bodied by Scaglietti is of course a LWB, since the SWB was not yet launched. It is estimated $ 6M.
My question hereabove was deliberately naive. Fans prefer the SWB, more visually balanced and more stable especially when cornering.
The SWB for sale by RM Auctions in Monterey on August 18, manufactured in 1962, is fitted with the final improvement, the covered headlights. It is illustrated in the article shared by Classic Driver, and is estimated $ 7.5 M.
POST SALE COMMENTS
1
Here is the first result of this micro market study. RM Auctions sold the 1962 SWB $ 7.8 million excluding fees, just above the lower estimate, corresponding to $ 8.6 million after calculating the premium.
2
The LWB was sold exactly at its lower estimate by Gooding, $ 6.6 million including premium.
Since then, both leaders of California summer sales have introduced a 250 GT California Spider in their last minute entries. One of them is the first unit of the model, the other is one of the latest, and viewing them together provides a nice summary of the evolution of the basic variant.
It is no coincidence. Sales of next week will be the greatest car auction meeting of all time, and the first announcements have attracted further pieces of top quality. Less rare than the 250 GTO, the 250 GT California Spyder is somehow the middle-quantity model which is the most greeted by collectors.
For sale by Gooding in Pebble Beach on August 19, the prototype produced in 1957 and bodied by Scaglietti is of course a LWB, since the SWB was not yet launched. It is estimated $ 6M.
My question hereabove was deliberately naive. Fans prefer the SWB, more visually balanced and more stable especially when cornering.
The SWB for sale by RM Auctions in Monterey on August 18, manufactured in 1962, is fitted with the final improvement, the covered headlights. It is illustrated in the article shared by Classic Driver, and is estimated $ 7.5 M.
POST SALE COMMENTS
1
Here is the first result of this micro market study. RM Auctions sold the 1962 SWB $ 7.8 million excluding fees, just above the lower estimate, corresponding to $ 8.6 million after calculating the premium.
2
The LWB was sold exactly at its lower estimate by Gooding, $ 6.6 million including premium.
1963 Ultimate Laps for Aston Martin
2018 SOLD for $ 21.5M including premium
Aston Martin was brilliant in competition in 1959 but failed in 1960. The owner, David Brown, does not take the risk of losing money. He terminates his competition team while maintaining his development abilities around manager John Wyer, chief engineer Ted Cutting and engine mechanic Tadek Marek.
Competition rules change frequently. The 1962 edition of the 24 Hours of Le Mans is favorable to prototypes. Aston Martin is interested. The Design Project 212 is an evolution of the DB4 GT with a unique car incorporating a 4-liter 6-cylinder in-line engine and a lightened bodywork validated in the wind tunnel.
For 1963 Aston Martin prepares the DP214 for the GT class with two cars. This project, similar to the DP212, incorporates bodywork modifications to mitigate the risk of rear lifting.
John Wyer appreciates the motivation and skill of his teams. Under the reference DP215 he requests an additional car for the same competition, with other characteristics for the prototype class. Engineers have two months left to accomplish this feat, with an extremely limited budget.
DP215 has an engine of the same model as DP212 and the five-speed gearbox from the DBR1. The chassis is new, to receive a possible V8 engine. The engine position is lowered.
At the Le Mans practice, the DP215 driven by Phil Hill and Lucien Bianchi is the first car timed at more than 300 Km/h at Mulsanne. Both DP214 achieve a similar performance. None of the three cars finish the 24 hours : at the beginning of the third hour, the transmission of the DP215 is broken.
During its next race at Reims it becomes obvious that the gearbox is undersized for the engine power. After a demonstration run in the same year at Brands Hatch, DP215 abandons the competition. In November 1963 the Aston Martin Racing Department is closed. John Wyer had already left the company.
Its current owner commissioned a gearbox copying that of the DP212 and recovered its original engine that had been installed in the only DP214 survivor. The DP215 was restarted into a working condition close to the original configuration including the spare DP214/215 bodywork built in period by Aston Martin. It is estimated $ 18M for sale by RM Sotheby's in Monterey on August 24, lot 141.
Please watch the video prepared by the auction house. The image is shared by Wikimedia with attribution By Redsimon [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)], from Wikimedia Commons
Competition rules change frequently. The 1962 edition of the 24 Hours of Le Mans is favorable to prototypes. Aston Martin is interested. The Design Project 212 is an evolution of the DB4 GT with a unique car incorporating a 4-liter 6-cylinder in-line engine and a lightened bodywork validated in the wind tunnel.
For 1963 Aston Martin prepares the DP214 for the GT class with two cars. This project, similar to the DP212, incorporates bodywork modifications to mitigate the risk of rear lifting.
John Wyer appreciates the motivation and skill of his teams. Under the reference DP215 he requests an additional car for the same competition, with other characteristics for the prototype class. Engineers have two months left to accomplish this feat, with an extremely limited budget.
DP215 has an engine of the same model as DP212 and the five-speed gearbox from the DBR1. The chassis is new, to receive a possible V8 engine. The engine position is lowered.
At the Le Mans practice, the DP215 driven by Phil Hill and Lucien Bianchi is the first car timed at more than 300 Km/h at Mulsanne. Both DP214 achieve a similar performance. None of the three cars finish the 24 hours : at the beginning of the third hour, the transmission of the DP215 is broken.
During its next race at Reims it becomes obvious that the gearbox is undersized for the engine power. After a demonstration run in the same year at Brands Hatch, DP215 abandons the competition. In November 1963 the Aston Martin Racing Department is closed. John Wyer had already left the company.
Its current owner commissioned a gearbox copying that of the DP212 and recovered its original engine that had been installed in the only DP214 survivor. The DP215 was restarted into a working condition close to the original configuration including the spare DP214/215 bodywork built in period by Aston Martin. It is estimated $ 18M for sale by RM Sotheby's in Monterey on August 24, lot 141.
Please watch the video prepared by the auction house. The image is shared by Wikimedia with attribution By Redsimon [CC BY 3.0 (https://creativecommons.org/licenses/by/3.0)], from Wikimedia Commons
1963 Jaguar Lightweight with Team Cunningham
2017 SOLD for $ 8M including premium
On August 18 at Quail Lodge - Carmel, Bonhams sells at lot 52 one of the three Jaguar E-Type Lightweights originally purchased by Team Cunningham which had the official support from the factory.
Jaguar E-Type Lightweight is the usual designation of a series of eleven cars built together in 1963 and preceded by a prototype. Although they differ from the basic version by the extensive use of aluminum alloy, they are not identified in the documents of the brand.
Jaguar did not bet much on that variant perhaps specially tailored for Briggs Cunningham. Its endurance called for further improvements and the competition with Ferrari's 250P prototypes and 250 GTOs left a reduced place for an outsider.
The car for sale by Bonhams has an outstanding feature : after a low competition history, it is still equipped with its fragile original alloy engine. Its only significant changes from new were the replacement of the gearbox, broken in the 8th lap at the Le Mans 24 Hours in 1963, and of the hood taken later in the same race to fit another E Lightweight-Cunningham that had been slightly damaged.
Another one of the eleven Lightweights was sold for $ 7.4M including premium by Bonhams on January 19, 2017. This car had a great career in Australia including the win in the 1963 Australian GT Championship but its original engine had blown out in 1966.
Please watch the video shared by Bonhams to announce the car of the next sale.
Jaguar E-Type Lightweight is the usual designation of a series of eleven cars built together in 1963 and preceded by a prototype. Although they differ from the basic version by the extensive use of aluminum alloy, they are not identified in the documents of the brand.
Jaguar did not bet much on that variant perhaps specially tailored for Briggs Cunningham. Its endurance called for further improvements and the competition with Ferrari's 250P prototypes and 250 GTOs left a reduced place for an outsider.
The car for sale by Bonhams has an outstanding feature : after a low competition history, it is still equipped with its fragile original alloy engine. Its only significant changes from new were the replacement of the gearbox, broken in the 8th lap at the Le Mans 24 Hours in 1963, and of the hood taken later in the same race to fit another E Lightweight-Cunningham that had been slightly damaged.
Another one of the eleven Lightweights was sold for $ 7.4M including premium by Bonhams on January 19, 2017. This car had a great career in Australia including the win in the 1963 Australian GT Championship but its original engine had blown out in 1966.
Please watch the video shared by Bonhams to announce the car of the next sale.
1964 The Race against the Regulations
2014 SOLD 26.4 M$ including premium
For automobiles, it often happens that history is not repeated. The extraordinary domination of the Ferrari 250 in all categories from 1955 was reinforced by an excellent adaptation to competition regulations.
The 250 GTO, produced mostly in 1962 and 1963, is registered in the Grand Touring class. In retrospect, it is clear that the O letter in GTO, which means Omologato, reveals the problems met by Ferrari to maintain their competitiveness while respecting all the rules.
The new models, the 250 LM in prototype class in 1963 and the 275 GTB in GT class in 1964, are technically formidable cars that can not maintain the wide success of the GTO. The competition is fierce. Remind that the failed negotiations between Ford and Ferrari happened in 1963 and the release of the GT40 in 1964.
The ambition in competition of the 275 equipped with a new 3.3-liter engine is embodied in three grand touring competition prototypes identified as 275 GTB/C Speciale with a bodywork by Scaglietti.
The super-light aluminum body, different from the road specification in the catalog, does not please the officials of the Gran Turismo. Yet one of the three cars managed to reach the third place in the 24 Hours of Le Mans in 1965 behind two Ferrari 250 LM.
The 275 GTB/C Speciale is extremely rare on the market. The first of the three is for sale by RM Auctions at Monterey on August 16, lot 239.
This is undoubtedly one of the most important cars in the history of automobile auctions. It paved the way for the limited series of the 275 GTB/C (without the word Speciale) of which a unit made in 1966 was sold for € 5.7 million including premium by RM Auctions on May 10, 2014.
I invite you to play the video shared on YouTube by RM Auctions.
POST SALE COMMENT
The special series of 275 GTB are confirmed as the most prestigious Ferrari cars after the 250 GTO. This 275 was sold for $ 24M before fees, 26.4M including premium.
It achieves a similar price as the 275 GTB / 4 NART that was sold for $ 27,5M including premium by RM Auctions on August 17, 2013.
The 250 GTO, produced mostly in 1962 and 1963, is registered in the Grand Touring class. In retrospect, it is clear that the O letter in GTO, which means Omologato, reveals the problems met by Ferrari to maintain their competitiveness while respecting all the rules.
The new models, the 250 LM in prototype class in 1963 and the 275 GTB in GT class in 1964, are technically formidable cars that can not maintain the wide success of the GTO. The competition is fierce. Remind that the failed negotiations between Ford and Ferrari happened in 1963 and the release of the GT40 in 1964.
The ambition in competition of the 275 equipped with a new 3.3-liter engine is embodied in three grand touring competition prototypes identified as 275 GTB/C Speciale with a bodywork by Scaglietti.
The super-light aluminum body, different from the road specification in the catalog, does not please the officials of the Gran Turismo. Yet one of the three cars managed to reach the third place in the 24 Hours of Le Mans in 1965 behind two Ferrari 250 LM.
The 275 GTB/C Speciale is extremely rare on the market. The first of the three is for sale by RM Auctions at Monterey on August 16, lot 239.
This is undoubtedly one of the most important cars in the history of automobile auctions. It paved the way for the limited series of the 275 GTB/C (without the word Speciale) of which a unit made in 1966 was sold for € 5.7 million including premium by RM Auctions on May 10, 2014.
I invite you to play the video shared on YouTube by RM Auctions.
POST SALE COMMENT
The special series of 275 GTB are confirmed as the most prestigious Ferrari cars after the 250 GTO. This 275 was sold for $ 24M before fees, 26.4M including premium.
It achieves a similar price as the 275 GTB / 4 NART that was sold for $ 27,5M including premium by RM Auctions on August 17, 2013.
1964 Prototype or Grand Touring
2015 SOLD for $ 17.6M including premium
Ferrari improves his models, but the high end is too elitist. Race regulating organisms harden against him the rules of Grand Touring, which must be based on a commercial production exceeding 100 units. Unqualified cars enter the Prototype category which is less in view from the public.
The 250 GTO was narrowly GT homologated. Ferrari's argument that it is a variant of the 250 GT SWB Berlinetta is technically difficult to counter. The history of the 250 LM will be different and this car just as effective as the 250 GTO will not reach the same prestige.
Ferrari is unable to obtain the GT homologation for the LM. Officials have not been duped. It is not really a GT because it is derived from the 250 P prototypes with a 3-liter engine launched in 1963 for track competition. The LM should also not be a 250 because its 3.3-liter engine is better ranked in the new Ferrari 275 class opened at the same time.
32 Ferrari 250 LM are built, most of them in 1964. The body is made by Scaglietti on a design by Pinin Farina. They are primarily intended for the track. One of them wins the 24 Hours of Le Mans in 1965, driven by Jochen Rindt.
A 250 LM manufactured in 1964 remained in an exceptional original condition after a racing history without incident. It was sold for $ 14,3M including premium by RM Auctions on November 21, 2013. Another one that had burned in 1969 was sold for $ 11,6M including premium by RM Auctions on August 15, 2014.
On August 13 in Monterey, RM Sotheby's sells a 250 LM, also from 1964, lot 113, which is one of the best preserved of this model after an intensive racing history.
The 250 GTO was narrowly GT homologated. Ferrari's argument that it is a variant of the 250 GT SWB Berlinetta is technically difficult to counter. The history of the 250 LM will be different and this car just as effective as the 250 GTO will not reach the same prestige.
Ferrari is unable to obtain the GT homologation for the LM. Officials have not been duped. It is not really a GT because it is derived from the 250 P prototypes with a 3-liter engine launched in 1963 for track competition. The LM should also not be a 250 because its 3.3-liter engine is better ranked in the new Ferrari 275 class opened at the same time.
32 Ferrari 250 LM are built, most of them in 1964. The body is made by Scaglietti on a design by Pinin Farina. They are primarily intended for the track. One of them wins the 24 Hours of Le Mans in 1965, driven by Jochen Rindt.
A 250 LM manufactured in 1964 remained in an exceptional original condition after a racing history without incident. It was sold for $ 14,3M including premium by RM Auctions on November 21, 2013. Another one that had burned in 1969 was sold for $ 11,6M including premium by RM Auctions on August 15, 2014.
On August 13 in Monterey, RM Sotheby's sells a 250 LM, also from 1964, lot 113, which is one of the best preserved of this model after an intensive racing history.
1964 Ferrari after the GTO
2013 SOLD 14.3 M$ including premium
36 Ferrari 250 GTO cars were built in 1962 and 1963, and three others of a second series on the following year. Already, the Italian brand prepares the next model. In 1963, the Ferrari 250 LM is presented in Paris. 32 LM cars are produced between 1963 and 1966, most of them in 1964.
LM means Le Mans, but the new Ferrari will struggle to find its way through the maze of competition regulations and will not reach the prestige of the GTO.
These great Ferraris from the mid-1960s are mostly purchased through private sales. I had not yet the opportunity to discuss directly a GTO. The last private sale of such a wonder was announced three days ago at $ 52M, far above the GTO of Stirling Moss that sold for $ 35M in June 2012.
Gradually, however, some other cars find the path of auction such as the 275GTB / 4 NART, from a series of 10 built in 1967, sold for $ 27.5 million including premium by RM Auctions on 17 August 2013.
A 250 LM Berlinetta made in 1964 and bodied by Scaglietti is for sale in New York on November 21 by RM Auctions in association with Sotheby's. It appears in the absence of any available GTO as the epitome of the art of the automobile. It is illustrated in the release shared by Sports Car Digest.
Here are the links to RM catalogue and to Sotheby's magazine.
POST SALE COMMENT
Less famous than the 250 GTO, the 250 LM is one of the greatest models made by Ferrari. This car was sold for $ 14.3 million including premium.
LM means Le Mans, but the new Ferrari will struggle to find its way through the maze of competition regulations and will not reach the prestige of the GTO.
These great Ferraris from the mid-1960s are mostly purchased through private sales. I had not yet the opportunity to discuss directly a GTO. The last private sale of such a wonder was announced three days ago at $ 52M, far above the GTO of Stirling Moss that sold for $ 35M in June 2012.
Gradually, however, some other cars find the path of auction such as the 275GTB / 4 NART, from a series of 10 built in 1967, sold for $ 27.5 million including premium by RM Auctions on 17 August 2013.
A 250 LM Berlinetta made in 1964 and bodied by Scaglietti is for sale in New York on November 21 by RM Auctions in association with Sotheby's. It appears in the absence of any available GTO as the epitome of the art of the automobile. It is illustrated in the release shared by Sports Car Digest.
Here are the links to RM catalogue and to Sotheby's magazine.
POST SALE COMMENT
Less famous than the 250 GTO, the 250 LM is one of the greatest models made by Ferrari. This car was sold for $ 14.3 million including premium.
