Ferrari 330 LM / 250 GTO Sells For $47 Million In New York Auction

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The one-off 330 LM / 250 GTO was raced by Scuderia Ferrari successful 1962

Jeremy Cliff ©2023 Courtesy of RM Sotheby's

A uncommon Ferrari 330 LM / 250 GTO from 1962 has sold for $47 cardinal astatine auction successful New York, falling short of its estimate of $60 cardinal but mounting a caller grounds for a Ferrari sold astatine auction.

The waste did not break nan all-time grounds for a car sold astatine auction – a title still held by nan 2022 waste of a Mercedes 300 SLR Uhlenhaut Coupe for $143 cardinal – but is notable nonetheless. The grounds for nan astir costly Ferrari besides still stands, astatine a reported $78 cardinal for a 250 GTO sold privately successful 2018.

Described by auction location RM Sotheby’s arsenic ‘The One’, nan Ferrari sold coming is nan only GTO Tipo to beryllium raced by nan Italian carmaker’s ain Scuderia Ferrari title team. All different examples of 250 GTO were sold to and raced by privateers and teams not tally by Ferrari itself.

The car is besides typical because, while not being calved a 250 GTO, it began life arsenic a 330 LM that was later converted to nan coveted 250 GTO specification. Sotheby’s explains, “Chassis number 3765 is nan only Works GTO illustration that was primitively equipped pinch a 4-liter engine. This motor was built pinch nan Colombo-style architecture but pinch an accrued displacement of astir 4 liters, and successful this peculiar type it was converted to barren sump lubrication and tuned pinch typical carburetors and camshafts.”

The stripped-out interior features bluish cloth seats and a wood-rimmed steering wheel

Jeremy Cliff ©2023 Courtesy of RM Sotheby's

Adding to nan value of this car is its racing history. Chassis 3765 won its people and vanished 2nd wide astatine nan 1962 Nürburgring 1000km. It besides competed astatine nan 24 Hours of Le Mans that aforesaid year, wherever it was driven by Mike Parkes and Lorenzo Bandini, but grounded to finish.

The car was past sold by Ferrari and its motor was swapped retired for a 3-liter portion pinch five-speed transmission, efficaciously converting it to 250 GTO specification. In this guise, nan car vanished 2nd successful nan 1965 Sicilian Hillclimb Championship.

The car was later owned by Fred Leydorf, president of nan Ferrari Club of America (FCA), who oversaw a afloat restoration of nan vehicle. The unsocial Ferrari went connected to triumph an FCA Platinum Award, followed by 2nd spot successful nan 250 GTO people of nan 2011 Pebble Beach Concours d’Elegance, among 22 different GTOs. The car past won Best of Show astatine nan Amelia Island Concours d’Elegance that aforesaid year, and later participated successful nan 60th day 250 GTO circuit successful September 2022.

Ahead of today’s auction, chassis 3765 was astir precocious seen successful nationalist connected nan Casa Ferrari section of nan 2023 Pebble Beach Concours d’Elegance.

The car won its people astatine nan 1962 Nürburgring 1,000 km and entered nan 24 Hours of Le Mans nan aforesaid ... [+] year

Jeremy Cliff ©2023 Courtesy of RM Sotheby's

Now successful caller hands, nan 330 LM / 250 GTO had spent nan past 38 years pinch a azygous owner, a play Sotheby’s describes arsenic “characterized by diligent and fastidious upkeep”.

The auction location added, “...this genuinely singular GTO is thing short of a legend. It is known to beryllium nan only illustration campaigned by nan Scuderia Ferrari connected behalf of SEFAC Ferrari’s ownership. Eligible for awesome events worldwide, including Le Mans Classic, this stunning GTO offers its adjacent caretaker further touring and vintage racing enjoyment, aliases show astatine awesome concours d’elegance and marque gatherings worldwide.”

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