FERRARI
See also : Cars Early Ferrari LWB to GTO Ferrari after 1962 Post war cars Cars of the 1960s Italy
Chronology : 1955 1956 1957 1959 1962 1967
Chronology : 1955 1956 1957 1959 1962 1967
1955 For Winning the Pan-Am
2014 SOLD for $ 23M including premium
In 1950, the Mexican government created the Carrera Panamericana. The difficulty of this endurance race over 3300 Km of roads stirs the lust of the best car brands.
In 1954, the Pan-Am was won by Umberto Maglioli for Scuderia Ferrari with a Ferrari 375 Plus. 375 Plus was the technological sensation of the year, designed for power and endurance with its huge engine of 4.9 liters.
In 1955, Ferrari wants to do even better. The model 410 Sport or 410 S CM is based on a volume of engine similar to the 375 Plus but the mechanical equipment around is highly changed. CM meaning Carrera Messicana clearly indicates that Ferrari relied on the Pan-Am for demonstrating their superiority.
It is required that the car is stable. A new chassis lowers the center of gravity and the wheelbase is slightly reduced to a new standard that will be used two years later for the 250 Testarossa.
The car must be independent over long distances. To avoid refueling, the 410 S is equipped with a vast reservoir of 195 liters and large pipes.
Four cars are built, the first two for private clients and the other two for the Scuderia.
The first is a spyder. It waits in vain for the Mexican race which is canceled after the accident at Le Mans for the great frustration of Enzo Ferrari. It has been little raced and has an incident free history.
It is offered in Monterey by Rick Cole in an auction that ends on August 17 without a floor session. It is illustrated on the article shared by Sports Car Digest.
The second car is the only of the four to have been coachworked as a berlinetta. It was sold for $ 8.25 million including premium by RM Auctions on August 17, 2012. The last two are spyders. One of them was sold for $ 3.8 million including premium by RM Auctions in August 2001, an outstanding price for that time.
POST SALE COMMENT
Reported as unsold with a maximum bid of $ 22.111M.
Sports Car Digest later caught the information that it was sold in post block sale for a final price of $ 23M.
In 1954, the Pan-Am was won by Umberto Maglioli for Scuderia Ferrari with a Ferrari 375 Plus. 375 Plus was the technological sensation of the year, designed for power and endurance with its huge engine of 4.9 liters.
In 1955, Ferrari wants to do even better. The model 410 Sport or 410 S CM is based on a volume of engine similar to the 375 Plus but the mechanical equipment around is highly changed. CM meaning Carrera Messicana clearly indicates that Ferrari relied on the Pan-Am for demonstrating their superiority.
It is required that the car is stable. A new chassis lowers the center of gravity and the wheelbase is slightly reduced to a new standard that will be used two years later for the 250 Testarossa.
The car must be independent over long distances. To avoid refueling, the 410 S is equipped with a vast reservoir of 195 liters and large pipes.
Four cars are built, the first two for private clients and the other two for the Scuderia.
The first is a spyder. It waits in vain for the Mexican race which is canceled after the accident at Le Mans for the great frustration of Enzo Ferrari. It has been little raced and has an incident free history.
It is offered in Monterey by Rick Cole in an auction that ends on August 17 without a floor session. It is illustrated on the article shared by Sports Car Digest.
The second car is the only of the four to have been coachworked as a berlinetta. It was sold for $ 8.25 million including premium by RM Auctions on August 17, 2012. The last two are spyders. One of them was sold for $ 3.8 million including premium by RM Auctions in August 2001, an outstanding price for that time.
POST SALE COMMENT
Reported as unsold with a maximum bid of $ 22.111M.
Sports Car Digest later caught the information that it was sold in post block sale for a final price of $ 23M.
1956 A Ferrari for the Use of Fangio
2015 SOLD for $ 28M including premium
Mercedes-Benz stopped its involvement in competition at the end of the 1955 season. Ferrari watched around the corner and managed to sign a contract with Juan Manuel Fangio. Aged 45 in 1956, the Argentine champion felt that his future was unassured due to the fall of Peron and could not any more consider to retire.
The World Sportscar Championship arouses a similar interest as Formula 1. Faced with the formidable challenge from the Maserati 300S, Ferrari prepares the 290 MM, certainly with some recommendations by its new driver. As usual for Ferrari at that time, the race for which the model is specifically prepared is indicated in the description: MM means Mille Miglia. Four cars are built.
The 1956 Mille Miglia are disturbed by heavy rain that causes no less than three fatalities. The competition is won by a 290 MM driven by Castellotti. Fangio is fourth with his car of the same model.
That 290 MM will not be reused later by Fangio but will have a significant history with other top drivers from the Scuderia Ferrari such as Portago, Phil Hill and Gendebien. Sold to a US private owner in the middle of the 1957 season, it is raced until 1964 without any crash.
This car has retained all its original features: chassis, engine, gearbox and its body by Scaglietti. It is for sale by RM Sotheby's in New York on December 10, lot 221.
Fangio failed to cooperate permanently with Enzo Ferrari and came back to Maserati just after his one-year contract. The Ferrari cars driven in competition by this champion are indeed extremely rare and the example for sale has an amazing authenticity. It is estimated $ 28M.
The World Sportscar Championship arouses a similar interest as Formula 1. Faced with the formidable challenge from the Maserati 300S, Ferrari prepares the 290 MM, certainly with some recommendations by its new driver. As usual for Ferrari at that time, the race for which the model is specifically prepared is indicated in the description: MM means Mille Miglia. Four cars are built.
The 1956 Mille Miglia are disturbed by heavy rain that causes no less than three fatalities. The competition is won by a 290 MM driven by Castellotti. Fangio is fourth with his car of the same model.
That 290 MM will not be reused later by Fangio but will have a significant history with other top drivers from the Scuderia Ferrari such as Portago, Phil Hill and Gendebien. Sold to a US private owner in the middle of the 1957 season, it is raced until 1964 without any crash.
This car has retained all its original features: chassis, engine, gearbox and its body by Scaglietti. It is for sale by RM Sotheby's in New York on December 10, lot 221.
Fangio failed to cooperate permanently with Enzo Ferrari and came back to Maserati just after his one-year contract. The Ferrari cars driven in competition by this champion are indeed extremely rare and the example for sale has an amazing authenticity. It is estimated $ 28M.
1957 Prototipi for the Mille Miglia
2016 SOLD for € 32M including premium
The Prototipi class in endurance racing enables Ferrari to develop in the mid-1950s a range of powerful and spectacular vehicles made in very small quantities. The top goal is to win the Mille Miglia.
In 1956, Ferrari's efforts were rewarded by a return to victory with a 290 MM driven by Castellotti. Another 290 MM driven by Fangio went fourth. This latter car was sold for $ 28M including premium by RM Sotheby's on 10 December 2015.
In 1957 the 315 S with a 3.8-liter engine and the 335 S with a 4-liter engine appear as the successors to the 290 MM. A 315 S driven by Taruffi won the race ahead of another 315 S driven by Von Trips. Unfortunately the most prestigious Italian endurance competition is forbidden by the Italian government following the accident of the 335 S of De Portago.
Other competitions continue and the cars are subject to the improvements necessary to maintain their competitiveness. The Ferrari 315 S which had been used by Von Trips receives a 4-liter engine, becoming a 335 S. It is also equipped with the fender pontoon front intended to reduce the overheating, which makes the glory in the same year of the 250 Testarossa .
After a very good competition history, the 315 S / 335 S enters the collection of Pierre Bardinon who restores it in its spider configuration while separately keeping the pontoon fender that still accompanies the car today. It is estimated € 28M for sale by Artcurial in Paris on February 5, lot 170. Here is the link to the press release.
In 1956, Ferrari's efforts were rewarded by a return to victory with a 290 MM driven by Castellotti. Another 290 MM driven by Fangio went fourth. This latter car was sold for $ 28M including premium by RM Sotheby's on 10 December 2015.
In 1957 the 315 S with a 3.8-liter engine and the 335 S with a 4-liter engine appear as the successors to the 290 MM. A 315 S driven by Taruffi won the race ahead of another 315 S driven by Von Trips. Unfortunately the most prestigious Italian endurance competition is forbidden by the Italian government following the accident of the 335 S of De Portago.
Other competitions continue and the cars are subject to the improvements necessary to maintain their competitiveness. The Ferrari 315 S which had been used by Von Trips receives a 4-liter engine, becoming a 335 S. It is also equipped with the fender pontoon front intended to reduce the overheating, which makes the glory in the same year of the 250 Testarossa .
After a very good competition history, the 315 S / 335 S enters the collection of Pierre Bardinon who restores it in its spider configuration while separately keeping the pontoon fender that still accompanies the car today. It is estimated € 28M for sale by Artcurial in Paris on February 5, lot 170. Here is the link to the press release.
1959 Aluminum for Chinetti
2017 SOLD for $ 18M including premium
Designed on the 250 GT chassis as a cabriolet to please American customers, the California Spider (or Spyder) was not expected by Ferrari to compete in endurance racing against the berlinetta nicknamed TdF built on the same chassis.
It was however tempting to push the California into the competition. Luigi Chinetti is acting between Ferrari and American customers. Having been at the origin of the California project, he obtains from Ferrari the delivery of aluminum alloy bodied spiders.
In 1959 the 250 GT chassis is still in its long version which will later be identified as LWB. For the 24 hours of Le Mans in that year Chinetti and his NART team enter three Ferraris : a 250 Testa Rossa, a 250 TdF and a California Spider.
Released from the factory under pressure from Chinetti five days before Le Mans with a simple flash of paint and a far from completeinterior layout, this 250 GT LWB California Spider is the second of its kind in the Competizione configuration. Driven by its first owner and a co-driver, this brand new car ends the event with a very good result : 5th overall and 3rd in class. It was afterward honorably participating in various American competitions in 1959 and 1960.
This high-end car with a competition history is still more desirable since it was restored in 2011 by Motion Products Inc., the company of Wayne Obry. It is for sale by RM Sotheby's in New York on December 6, lot 141 estimated $ 14M.
One of the seven (or eight) other LWB aluminum bodied Spiders was sold for $ 18M including premium by Gooding on August 20, 2016. Ferrari and NART did not push this solution much further : only three SWB Spiders will be built for competition.
It was however tempting to push the California into the competition. Luigi Chinetti is acting between Ferrari and American customers. Having been at the origin of the California project, he obtains from Ferrari the delivery of aluminum alloy bodied spiders.
In 1959 the 250 GT chassis is still in its long version which will later be identified as LWB. For the 24 hours of Le Mans in that year Chinetti and his NART team enter three Ferraris : a 250 Testa Rossa, a 250 TdF and a California Spider.
Released from the factory under pressure from Chinetti five days before Le Mans with a simple flash of paint and a far from completeinterior layout, this 250 GT LWB California Spider is the second of its kind in the Competizione configuration. Driven by its first owner and a co-driver, this brand new car ends the event with a very good result : 5th overall and 3rd in class. It was afterward honorably participating in various American competitions in 1959 and 1960.
This high-end car with a competition history is still more desirable since it was restored in 2011 by Motion Products Inc., the company of Wayne Obry. It is for sale by RM Sotheby's in New York on December 6, lot 141 estimated $ 14M.
One of the seven (or eight) other LWB aluminum bodied Spiders was sold for $ 18M including premium by Gooding on August 20, 2016. Ferrari and NART did not push this solution much further : only three SWB Spiders will be built for competition.
1959 A California Spider in Lightweight Alloy
2016 SOLD for $ 18M including premium
The Ferrari 250 GT California Spider in the wheel base later identified as LWB is a series of 50 sports cars produced to please American customers between 1957 and 1960. The SWB is its successor. The brand continually works to improve its products and remains attentive to specific needs, which can create significant disparities from one vehicle to another.
Nine 'LWB' were originally built for competition with a lightweight body in aluminum alloy. A California Spider 'LWB' Competizione built in 1959 is for sale on August 20 by Gooding in Pebble Beach, lot 033. It is illustrated in the post shared by Forbes.
The settings of this model had been specially effective, including some engine components from the Testa Rossa to achieve a compression ratio of 9.8: 1, the highest of all the LWB, and a power of 275 hp about 50 hp over the basic model. Its features include from the origin the disc brakes, a rarity at that time, and its headlights are covered.
Sold to Chinetti for George Reed who was Ferrari's agent in Illinois and Wisconsin, it was raced with some parsimony until 1964 and remains in a matching numbers configuration for all its major elements.
This car is exceptional when considering that it is the best performing from all the LWB and that only three SWB California Spider Competizione were later assembled. It is estimated $ 18M.
Another LWB California Spider Competizione was sold for $ 11.3 million including premium on 18 August 2012, also by Gooding. Made in 1960, it had been used by Reed as a show car. It was in excellent condition but with no racing history.
Nine 'LWB' were originally built for competition with a lightweight body in aluminum alloy. A California Spider 'LWB' Competizione built in 1959 is for sale on August 20 by Gooding in Pebble Beach, lot 033. It is illustrated in the post shared by Forbes.
The settings of this model had been specially effective, including some engine components from the Testa Rossa to achieve a compression ratio of 9.8: 1, the highest of all the LWB, and a power of 275 hp about 50 hp over the basic model. Its features include from the origin the disc brakes, a rarity at that time, and its headlights are covered.
Sold to Chinetti for George Reed who was Ferrari's agent in Illinois and Wisconsin, it was raced with some parsimony until 1964 and remains in a matching numbers configuration for all its major elements.
This car is exceptional when considering that it is the best performing from all the LWB and that only three SWB California Spider Competizione were later assembled. It is estimated $ 18M.
Another LWB California Spider Competizione was sold for $ 11.3 million including premium on 18 August 2012, also by Gooding. Made in 1960, it had been used by Reed as a show car. It was in excellent condition but with no racing history.
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.
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.
1967 The North American Ferrari
2013 SOLD 27.5 M$ including premium
Ferrari has always endeavoured to flatter its American customers. The designations America, Superamerica and California attributed to high end variants are a convincing evidence of that fact.
Former winner of the 24 Hours of Le Mans, Luigi Chinetti was a skilled agent of Ferrari in the United States. In 1958, he created the North American Racing Team (NART) that got very good results, in Europe also.
For his network of passionate customers, Chinetti negotiated in 1967 with Ferrari a special order for a new sports model to be built by Scaglietti on the 275GTB chassis.
Ten Ferrari 275GTB / 4 NART Spider cars were produced, a quantity certainly lesser than Chinetti's demand. Times are tough for Ferrari, who had to put an end to the 250GTO and escaped very narrowly an acquisition by Ford.
This rare NART Spider appears as an outstanding post-GTO model fitted to arouse passions. This small convertible is very efficient and highly elegant, and would later be imitated. Some owners of 275GTB in more standard variants will even wish to rebuild their car as a NART Spider.
One of the ten original 275GTB / 4 NART Spider cars remained in the family of the original owner who adored it. It is sold for the benefit of charities by RM Auctions in Monterey on 16 and 17 August.
I invite you to play the video shared on YouTube by Petrolicious for RM Auctions.
POST SALE COMMENT
This Ferrari was sold for $ 25M before fees. It is in very good condition and was sold to benefit charities, but this price is especially recognizing one of the best models that followed the 250 GTO.
Former winner of the 24 Hours of Le Mans, Luigi Chinetti was a skilled agent of Ferrari in the United States. In 1958, he created the North American Racing Team (NART) that got very good results, in Europe also.
For his network of passionate customers, Chinetti negotiated in 1967 with Ferrari a special order for a new sports model to be built by Scaglietti on the 275GTB chassis.
Ten Ferrari 275GTB / 4 NART Spider cars were produced, a quantity certainly lesser than Chinetti's demand. Times are tough for Ferrari, who had to put an end to the 250GTO and escaped very narrowly an acquisition by Ford.
This rare NART Spider appears as an outstanding post-GTO model fitted to arouse passions. This small convertible is very efficient and highly elegant, and would later be imitated. Some owners of 275GTB in more standard variants will even wish to rebuild their car as a NART Spider.
One of the ten original 275GTB / 4 NART Spider cars remained in the family of the original owner who adored it. It is sold for the benefit of charities by RM Auctions in Monterey on 16 and 17 August.
I invite you to play the video shared on YouTube by Petrolicious for RM Auctions.
POST SALE COMMENT
This Ferrari was sold for $ 25M before fees. It is in very good condition and was sold to benefit charities, but this price is especially recognizing one of the best models that followed the 250 GTO.
