Image credit: © conceptcarz.com (Reproduction Or reuse prohibited).
The Ferrari 250 LM was built for the track with its uber-powerful 3.3-liter V-12 engine. The car was built on a 94-inch wheelbase - it was lithe, agile, fast, and packing 320 horsepower.
This is the 22nd car of the 32 produced, and it was purchased new in Cina Red (Rosso Cina over seats trimmed in Bleu cloth upholstery) by race driver George Drummond of England. Drummond actively campaigned this car around England in 1965 with exceptional success, taking first overall at meetings at Brands Hatch, Snetterton and Silverstone. The following year, Drummond took the car to the 24 Hours of Daytona, followed by outings to Austria and South Africa. In 1968, the 250 LM raced in the 24 Hours of Le Mans with Paul Vestey and Roy Pike, but sadly failed to finish. Some twenty years later, the 250 LM returned to the track in the Chicago and Monterey Historic Races and today it presents in Rosso Cina - its race-ready livery of 1965.
This is the 22nd car of the 32 produced, and it was purchased new in Cina Red (Rosso Cina over seats trimmed in Bleu cloth upholstery) by race driver George Drummond of England. Drummond actively campaigned this car around England in 1965 with exceptional success, taking first overall at meetings at Brands Hatch, Snetterton and Silverstone. The following year, Drummond took the car to the 24 Hours of Daytona, followed by outings to Austria and South Africa. In 1968, the 250 LM raced in the 24 Hours of Le Mans with Paul Vestey and Roy Pike, but sadly failed to finish. Some twenty years later, the 250 LM returned to the track in the Chicago and Monterey Historic Races and today it presents in Rosso Cina - its race-ready livery of 1965.
Twenty-one examples of the Ferrari 250 LM were built prior to the construction of chassis number 6053. Upon completion, it wore a Rosso Cina exterior over an Bleu cloth upholstery interior, and was delivered in October 1964 to Colonel Ronnie Hoare's Maranello Concessionaires. British driver George Drummond acquired the car and raced it on local BRSCC circuits along with the occasions 'larger' events. Among the accolades it achieved was a class victory in April 1965 at Wiscombe Park, four overall wins at Brands Hatch, two victories at Snetterton, and a win at Silverstone.
Innes Ireland and Mike Hailwood raced the Ferrari at the 24 Hours of Daytona in February of 1966. It wore race number 24 and had side-market lights positioned high on the door sides. After 90 laps, a gearbox failure forced an early retirement from the race. At least eight more 'major' races were contested over the next two years, earning 3rd in class and 8th overall at the Austrian Grand Prix of September 1966 (piloted by Michael Parkes).
It raced in local British races before contesting four events in Africa during November and December 1967. Notable finishes include a 5th overall at the Lourenço Marques 3 Hours in Mozambique.
London-based Paul Vestey Racing acquired the Ferrari 250 LM in May of 1968 and added it to their stable of racing machines. At the time, they had another 250 LM (chassis 6167) which driver David Piper crashed at the Targa Florio after a steering arm came loose. The engine and transaxle were salvageable, but its body and chassis were beyond repair.
The 1968 24 Hours of LeMans
The engine powering chassis number 6167 had been approved by the Le Man's scrutineers, so it was installed into chassis 6053, along with transaxle number 17. Chassis 6053 with engine number 6167/22LM was one of six 250 LM vehicles that were entered at the 1968 24 Hours of LeMans. Piloted by Vestey and Roy Pike, it wore a purplish dark blue exterior with a white stripe, race number 19, and qualified in the 32nd-place starting position.
After the first hour, the 250 LM (chassis 6053) was in 26th position which it held through the second hour. Losing control at the Arnage Corner, Vestey lost control, spun the car, and damaged the car's rear end, requiring minor repairs at the pit. After repairs were completed and Roy Pike re-entered the race, the LM had dropped to 46th place. Over the next several hours, the 250 LM made up some ground, and was in 31st place through the 10th hour. A gearbox failure on the 99th lap prematurely ended the 250 LMs Le Man's aspirations and became one of the thirty-nine cars that did not finish the race. Only fifteen cars would complete the full twenty-four hours.
American Ownership
The Ferrari 250 LM was sold in April 1969 through British dealer Colin Crabbe to Richard Merritt of Bethesda, Maryland, who soon re-sold it to Terry Myr of Detroit. A brief time later, it was sold through Kirk White Motorcars to dealer Harley Cluxton. In 1971 Cluxton sold the car to Robert Sutherland of Denver, Colorado, who commissioned a complete restoration three years later. Upon completion, the Ferrari was shown at the FCA Meeting at Rockton, Illinois, in May 1975.
Anthony Podell of Manhattan Beach, California, purchased the Ferrari in 1983, commissioning Mike McCluskey to perform some restoration work before entering it into vintage racing at the 1987 Chicago Historic, and the 1988 Monterey Historic Races. A Swiss enthusiast purchased the 250 LM near the close of 1988 and sold it in 1990 to the Mitsubishi Corporation. In 1994, it was sold to collector Shiroh Kosaka who would keep it for 24 years. In 1990, it was given a restoration by Dino Colognato's shop in Vigonza, Italy. The current caretaker acquired the Ferrar in 2018.
Under the care of its current owner, the Ferrari was sent to the Ferrari factory for full restoration and certification by Ferrari Classiche. The work was completed in 2021, and it was shown at the Ferrari Finals at Mugello in November 2021, then at the Enzo Ferrari Museum in Modena, and at the Pebble Beach Concours d'Elegance in August 2022.
This Ferrari retains the engine and transaxle from chassis number 6167, as raced at Le Mans in September 1968, and its matching-numbers chassis and coachwork. It has a Rosso Cina exterior paint scheme, Bleu cloth upholstery, and alloy Borrani wire wheels.By Daniel Vaughan | Jul 2023
Innes Ireland and Mike Hailwood raced the Ferrari at the 24 Hours of Daytona in February of 1966. It wore race number 24 and had side-market lights positioned high on the door sides. After 90 laps, a gearbox failure forced an early retirement from the race. At least eight more 'major' races were contested over the next two years, earning 3rd in class and 8th overall at the Austrian Grand Prix of September 1966 (piloted by Michael Parkes).
It raced in local British races before contesting four events in Africa during November and December 1967. Notable finishes include a 5th overall at the Lourenço Marques 3 Hours in Mozambique.
London-based Paul Vestey Racing acquired the Ferrari 250 LM in May of 1968 and added it to their stable of racing machines. At the time, they had another 250 LM (chassis 6167) which driver David Piper crashed at the Targa Florio after a steering arm came loose. The engine and transaxle were salvageable, but its body and chassis were beyond repair.
The 1968 24 Hours of LeMans
The engine powering chassis number 6167 had been approved by the Le Man's scrutineers, so it was installed into chassis 6053, along with transaxle number 17. Chassis 6053 with engine number 6167/22LM was one of six 250 LM vehicles that were entered at the 1968 24 Hours of LeMans. Piloted by Vestey and Roy Pike, it wore a purplish dark blue exterior with a white stripe, race number 19, and qualified in the 32nd-place starting position.
After the first hour, the 250 LM (chassis 6053) was in 26th position which it held through the second hour. Losing control at the Arnage Corner, Vestey lost control, spun the car, and damaged the car's rear end, requiring minor repairs at the pit. After repairs were completed and Roy Pike re-entered the race, the LM had dropped to 46th place. Over the next several hours, the 250 LM made up some ground, and was in 31st place through the 10th hour. A gearbox failure on the 99th lap prematurely ended the 250 LMs Le Man's aspirations and became one of the thirty-nine cars that did not finish the race. Only fifteen cars would complete the full twenty-four hours.
American Ownership
The Ferrari 250 LM was sold in April 1969 through British dealer Colin Crabbe to Richard Merritt of Bethesda, Maryland, who soon re-sold it to Terry Myr of Detroit. A brief time later, it was sold through Kirk White Motorcars to dealer Harley Cluxton. In 1971 Cluxton sold the car to Robert Sutherland of Denver, Colorado, who commissioned a complete restoration three years later. Upon completion, the Ferrari was shown at the FCA Meeting at Rockton, Illinois, in May 1975.
Anthony Podell of Manhattan Beach, California, purchased the Ferrari in 1983, commissioning Mike McCluskey to perform some restoration work before entering it into vintage racing at the 1987 Chicago Historic, and the 1988 Monterey Historic Races. A Swiss enthusiast purchased the 250 LM near the close of 1988 and sold it in 1990 to the Mitsubishi Corporation. In 1994, it was sold to collector Shiroh Kosaka who would keep it for 24 years. In 1990, it was given a restoration by Dino Colognato's shop in Vigonza, Italy. The current caretaker acquired the Ferrar in 2018.
Under the care of its current owner, the Ferrari was sent to the Ferrari factory for full restoration and certification by Ferrari Classiche. The work was completed in 2021, and it was shown at the Ferrari Finals at Mugello in November 2021, then at the Enzo Ferrari Museum in Modena, and at the Pebble Beach Concours d'Elegance in August 2022.
This Ferrari retains the engine and transaxle from chassis number 6167, as raced at Le Mans in September 1968, and its matching-numbers chassis and coachwork. It has a Rosso Cina exterior paint scheme, Bleu cloth upholstery, and alloy Borrani wire wheels.By Daniel Vaughan | Jul 2023
2023 RM Sothebys : Monterey
Pre-Auction Estimates :
USD $18,000,000-USD $20,000,000
Lot was not sold
1964 Ferrari 250 LM Auction Sales
Recent Sales of the Ferrari 250 LM
(Data based on Model Year 1964 sales)
1964 Ferrari 250 LM by Scaglietti Chassis#: 6105 Sold for USD$17,600,000 2015 RM Sotheby's : Monterey | |
1964 Ferrari 250 LM by Scaglietti Chassis#: 5899 GT Sold for USD$9,625,000 2015 RM Auctions - Automobiles of Arizona | |
1964 Ferrari 250 LM by Scaglietti Chassis#: 6045 Sold for USD$11,550,000 2014 RM Auctions at Monterey | |
1964 Ferrari 250 LM by Carrozzeria Scaglietti Chassis#: 6107 Sold for USD$14,300,000 2013 RM Auction - Art of the Automobile | |
1964 Ferrari 250LM Chassis#: 5845 Sold for USD$6,990,500 2008 RM Auctions - Ferrari – Leggenda e Passione |
Ferrari 250 LMs That Failed To Sell At Auction
1964 Ferrari 250 LM's that have appeared at auction but did not sell.
Vehicle | Chassis | Event | High Bid | Est. Low | Est. High |
---|---|---|---|---|---|
1964 Ferrari 250 LM by Scaglietti | 6053 | 2023 RM Sothebys : Monterey | $18,000,000 | $20,000,000 | |
1964 Ferrari 250 LM Berlinetta by Pininfarina | 5901 | 2023 Artcurial : Single Lot Auction Sale | $13,500,000 | $20,000,000 |
Vehicles With Comparable Market Values
Similar sales to the $12,013,100 range.
1960 Ferrari 250 GT SWB Berlinetta Competizione by Scaglietti Chassis#:1773 GT Sold for $11,027,017 2024 RM Sothebys : Paris | |
1957 Jaguar XKSS Chassis#:XKSS 707 Sold for $13,205,000 2023 RM Sothebys : Monterey | |
1959 Ferrari 250 GT LWB California Spider Competizione Chassis#:1235 GT Sold for $10,840,000 2021 Gooding & Company : Pebble Beach Concours Auction | |
1934 Bugatti Type 59 Sports Chassis#:57248 Sold for $12,660,611 2020 Gooding & Company : Passion of a Lifetime | |
1933 Alfa Romeo 8C 2300 Monza Chassis#:2311218 Sold for $11,990,000 2016 Gooding & Company : Pebble Beach | |
1953 Jaguar C-Type Works Lightweight Chassis#:XKC 052 Sold for $13,200,000 2015 RM Sotheby's : Monterey | |
1956 Ferrari 250 GT Berlinetta Competizione 'Tour de France' by Scaglietti Chassis#:0557GT Sold for $13,200,000 2015 RM Sotheby's : Monterey | |
1964 Ferrari 250 LM by Scaglietti Chassis#:6045 Sold for $11,550,000 2014 RM Auctions at Monterey | |
1953 Ferrari 340/375 MM Berlinetta 'Competizione' by Pinin Farina Chassis#:0320AM Sold for $12,745,707 2013 RM Auctions - VILLA ERBA | |
1968 Ford GT40 Gulf/Mirage Lightweight Racing Car Chassis#:P/1074 (M.10003) Sold for $11,000,000 2012 RM Auctions - Monterey | |
1960 Ferrari 250 GT LWB California Spider Competizione Chassis#:1639 GT Sold for $11,275,000 2012 Gooding and Company - Pebble Beach Auction | |
1936 Mercedes-Benz 540 K Special Roadster Chassis#:130949 Sold for $11,770,000 2012 Gooding and Company - Pebble Beach Auction | |
1957 Ferrari 250 Testa Rossa Chassis#:0714TR Sold for $12,177,271 2009 Ferrari – Leggenda e Passione |
1964 Ferrari 250 LM
• Additional valuation insight and sales data• History
• Specifications
• Image gallery
• Other Ferrari 250 LM model years