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1964 Ferrari 250 LM to Sell for $12-15 Million

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UPDATE: The Ferrari 250 LM has been sold. To see the price, click here

Classic Ferraris have recently been selling for large sums lately, making them a very hot commodity. It looks like the next classic Ferrari to make headlines will be a 1964 Ferrari 250 LM that will roll across the block at RM Auctions’ “Art of the Automobile” auction in New York.

Marcel Massini, the preeminent Ferrari historian, is listed on RM Auctions’ website as  declaring, “Ferrari’s 250 LM is one of the most spectacular mid-engined sports cars ever built. A true competition race car rarer than the legendary 250 GTO, and the last Ferrari to win the gruelling 24-hour race at Le Mans.”

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This specific 250 LM is chassis number #6107, making it number 24 of 32  created. What’s more, it is in impeccable condition, as it was kept in a garage for three decades after a professional restoration by a Ferrari technician. It was originally purchased as a daily driver, unlike the other 31 track-going examples. It wasn’t until the car changed hands multiple times that it started its racing career and had its best finish in 1968, when it managed an eight overall finish and first in class at the 24 Hours of Sebring

Chassis number #6107 is regarded as one of the most original examples of the 250 LM’s and carries a prominent racing history. And now, this iconic Ferrari is going to a new home if the right price can be found at RM Auctions on Nov. 21st. The expected going price for this thoroughbred prancing pony is an estimated $12-15 million, which amounts to not even half of the $52 million price tag on the 1964 Ferrari 250 GTO that sold earlier this year.

Be sure to check back to see what the final bid will be.

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(Source: RM Auctions)