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1953 Ferrari 250 MM Spyder

  • Coachwork by Vignale
  • Chassis Number: 0348 MM
There were a total of 31 250 MM's constructed and this is number 27th. It was built in 1953 and one of its earliest owners was J.M. Richard Lyeth of Grosse Point Michigan who took possession in January of 1954. Lyeth was the owner of Lyeth Engineering Company. The car was purchased from Briggs S. Cunningham who had purchased it from the Alfed Momo Corporation.

This car wears chassis number 0348 MM and a Vignale body. It has an extensive race history with most of its early campaigns transpiring at Andrews Air Force Base in Omaha, NE. On July 4th, 1954 it wore number 220 and raced at the Omaha Centennial Grand Prix at Offut Air Force Base in Omaha, NE. The car was driven by Lyeth to a seventh-place finish overall and first in class.

Other early races include the Watkins Glen Grand Prix, Lake Erie Grand Prix, Cumberland, Road America, and various other events.

In October 1955 the car was sold to Paul Montcastle of Nashville, TN. A short time later, it was sold to Chuck and Audrey Saffel of Huntsville, Al. In their care, the car was fitted with a headrest and used in USCCA events and hillclimbs.

Since then, the car has been owned by several owners. In 1985 it was treated to a restoration. It was raced in the Mille Miglia in 1987 and also made an appearance at the Meadowbrook Concours d'Elegance that year. It made its first showing at the Pebble Beach Concours in 1988.

In May 1990 it was sold at the Sportscar Geneva auction for $1.9 million. The following year it sold for $1.28 million at the World Vintage Car Tokyo Auction.

It has participated in the 1995 Colorado Grand, the 1997 Rodeo Drive Concours, the 2001 Pebble Beach Concours, and the 2003 Mille Miglia. In 2004 it was sold at the Gooding & Company Pebble Beach auction for $1.5 million. The following month it sold for $1.65 to its current owner. The car is used regularly and has been campaigned in the Shell Ferrari Historic Challenge.

By Daniel Vaughan | Jan 2008

Provenance *
* Please note, dates are approximate

2019 Gooding & Company : Scottsdale Arizona

Pre-Auction Estimates :
USD $5,500,000-USD $6,500,000 
Sale Price :
USD $5,395,000

2004 Gooding & Company Pebble Beach Auction

Lot was not sold

1953 Ferrari 250 MM Auction Sales

Recent Sales of the Ferrari 250 MM

(Data based on Model Year 1953 sales)
1953 FERRARI 250 MM SPIDER SERIES II
Chassis#: 0274 MM
Sold for USD$3,525,000
  2023 Gooding & Company : Amelia Island Auction
1953 Ferrari 250 MM image  
1953 Ferrari 250 MM Spider Series II
Chassis#: 0348 MM
Sold for USD$5,395,000
  2019 Gooding & Company : Scottsdale Arizona
1953 Ferrari 250 MM image  1953 Ferrari 250 MM image  
1953 FERRARI 250 MILLE MIGLIA BERLINETTA
Chassis#: 0312 MM
Sold for USD$7,260,000
  2014 Bonhams Quail Lodge Auction
1953 Ferrari 250 MM image  1953 Ferrari 250 MM image  
1953 Ferrari 340/375 MM Berlinetta Competizione
Chassis#: 0322 AM
Sold for USD$5,722,756
  2007 RM Auctions Ferrari – Leggenda e Passione
 
1953 Ferrari 166/250MM Lightweight Competition Spyder
Chassis#: 0262M
Sold for USD$847,000
  2004 The Monterey Sports and Classic Car Auction
 

Ferrari 250 MMs That Failed To Sell At Auction

1953 Ferrari 250 MM's that have appeared at auction but did not sell.
VehicleChassisEventHigh BidEst. LowEst. High
1953 Ferrari 250 MM Berlinetta by Pinin Farina0344 MM2018 RM Sothebys : Monterey $7,500,000$9,000,000
1953 Ferrari 250 MM Berlinetta by Pinin Farina0352 MM / 0239 EU2011 RM Auctions Villa d'Este$2,150,000$2,500,000$3,000,000
1953 Ferrari 250 Mille Miglia Body0270MM2006 Bonhams Exceptional Ferrari and Maserati Motor Cars   
1953 Ferrari 250 Mille Miglia Spyder0348 MM2004 Gooding & Company Pebble Beach Auction   

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1953 Ferrari 250 MM

Additional valuation insight and sales data
History
Specifications
Image gallery
Other Ferrari 250 MM model years

1953 Ferrari 250 MM Vehicle Profiles

1953 Ferrari 250 MM vehicle information
Spyder
Coachwork: Vignale
Chassis #: 0274 MM
Engine #: 0274 MM
1953 Ferrari 250 MM vehicle information
Berlinetta
Coachwork: Pininfarina
Chassis #: 0258 MM
1953 Ferrari 250 MM vehicle information
Spyder
Coachwork: Vignale
Chassis #: 0260MM
1953 Ferrari 250 MM vehicle information
Spyder
Coachwork: Vignale
Chassis #: 0326MM
1953 Ferrari 250 MM vehicle information
Berlinetta
Coachwork: Pininfarina
Chassis #: 0340MM
1953 Ferrari 250 MM vehicle information
Spyder
Coachwork: Vignale
Chassis #: 0288 MM
1953 Ferrari 250 MM vehicle information
Berlinetta
Coachwork: Pininfarina
Chassis #: 0312 MM
Engine #: 0312 MM
1953 Ferrari 250 MM vehicle information
Berlinetta
Coachwork: Pininfarina
Chassis #: 0344MM
Engine #: 0344 MM
1953 Ferrari 250 MM vehicle information
Berlinetta
Chassis #: 0354MM
Build #: 12240
1953 Ferrari 250 MM vehicle information
Spyder
Coachwork: Vignale
Chassis #: 0348 MM