Ferrari has a long history with the 24 Hours of Le Mans, the manufacturer from Maranello had its time dominating the Le Mans event in the 50s and 60s. However, all dominance ended and it was in 1965 that Ferrari won for the last time. 24 Hours of Le Mans and the Ferrari 250 LM. One of the rarest examples of the Ferrari 250 LM will be present at the upcoming Retromobile show from February 1 to 5, 2023.
A brief historical review
This authentic nugget will be sold by the Artcurial auction house under the direction of auctioneer Hervé Poulain. A highly anticipated sale as this model is important to Ferrari. Indeed, the Ferrari 250 LM held its head high against the Ford GT40s that came to battle on the Le Mans track. Drivers Masten Gregory and Jochen Rindt took the last of Ferrari’s 9 wins at Le Mans.
With this, the Ferrari 250 LM launches for the first time an architecture with a V12 engine in the middle rear position. The sleek design that seems to cut through the air is signed by Scaglietti. However, he did not know the fate that Enzo Ferrari had prepared for him. Indeed, Commendatore wanted to register this 250 LM in the GT category and make it take over from the 250 GTO. However, in order to list the car in the GT, it was necessary to produce at least 100 copies. A requirement that Ferrari could never meet with the 250 LM, with only 32 examples produced, it found itself in the model category with more powerful cars such as the Ford GT40 with its engine of 7 liter V8.
10 of 32 chassis for sale
The copy in the Artcurial sale at Rétromobile is not the one that won at Le Mans but chassis number 10 of the 32 produced. And of these 32 copies produced, many experienced the pain caused by circuit use and in competition, which is not the case for this chassis number 10 which has always remained in the beautiful hands of individuals and collectors. It was only used as a reserve car for the 1966 edition of the 24 Hours of Daytona.
Its first owner was an American named Raymond John Augusterfer living in Philadelphia, followed by a busy life changing owners in the United States. It was in 1995 that Massimo Ferragamo, the son of the founder of the haute couture brand, bought this model during the San Francisco Ferrari sale for a total of $ 1,600,000. He will then sell it back to Mody Enav of Geneva, who has handed it over to specialist DK Enginereed in the UK for a complete and initial overhaul. In 2002, Jean Guikas bought the car before selling it to its current owner in 2003. Since its restoration, it has covered only 2,000 km, so it is in excellent condition.
Its 3.3-liter V12 engine produced 300 horsepower on the dyno after restoration, a healthy engine for one of only two examples that did not race.
The sale of this copy comes 60 years after the launch of the 250 LM, a whole symbol and for the history of the model, its condition and the fact that it is one of the few that has never run, its price should increase. Artcurial does not disclose the estimate but it could easily exceed 10 million euros.
This rare car will be seen at the Retromobile show which takes place from February 1 to 5 at the Parc des expositions de la Porte de Versailles.