One of the world’s most desirable Ferrari models is heading to auction on November 13 and is expected to fetch in excess of $60 million. If it does, it will be the most expensive Ferrari ever sold at auction.
The 1962 Ferrari 330 LM was based heavily on the iconic 250 GTO and built to compete with the likes of the Jaguar E-Type and Shelby Cobra. This car is the only factory-owned 250 GTO / 330 LM in existence and at the 1962 24 Hours of Le Mans, it was raced by Lorenzo Bandini and Mike Parkes. While it was crashed and forced to retire on lap 56, the fact that it has competed at Le Mans no doubt adds to its desirability.
That same year, the car raced at the Nurburgring 1000km and finished second overall. It continued to compete throughout 1963 before being sold in 1964 and having its 4.0-liter V12 replaced with a smaller 3.0-liter unit that allowed it to compete in Italian GT racing. The car was once owned by the chairman of the Ferrari Club of America and was sold in the 1980s. It has remained in the same collection for the past 38 years and has been fastidiously restored to concours level.
Watch: Sit Back, Relax, And Watch This Metal Ferrari 250 GTO RC Car Get Made From Scratch
This very Ferrari 330 LM once received the FCA Platinum Award and the Coppa Bella Machina award at the Cavallino Classic. It also has a Best in Show award from the Amelia Island Concours d’Elegance in its trophy cabinet and finished second in the GTO class at the Pebble Beach Concours d’Elegance in 2011.
The Ferrari 330 LM is slightly different from the 250 GTO on which it is based as it sports a longer floorpan to fit the 4.0-liter V12. It also features telescopic shock absorbers, co-axial springs, and a tubular steel frame.
The most expensive Ferrari ever sold was a 1963 250 GTO that reportedly fetched $70 million in a private sale back in 2018.
