Ferrari 250 LM Sells for $36 Million at RM Sotheby’s Auction

A Historic Sale: Ferrari 250 LM Joins the Ranks of the Most Expensive Cars

Not every day does a Ferrari make history at auction, but this one did. A 1964 Ferrari 250 LM just sold for over $36 million at RM Sotheby’s Paris auction, making it one of the five most expensive auctioned cars ever.

Le Mans Champion Finds a New Home

For over five decades, this Le Mans-winning 1964 Ferrari 250 LM was housed at the Indianapolis Motor Speedway Museum, untouched by collectors. That changed when the race car made its auction debut, selling for €34,880,000 ($36,344,960) at RM Sotheby’s Retromobile sale in Paris.

Key Highlights of the Ferrari 250 LM

• Chassis number 6 – the only privateer-entered Ferrari to win Le Mans.
• Overall victory in the 1965 24 Hours of Le Mans with Masten Gregory and Jochen Rindt.
• Only Ferrari from the Enzo Ferrari era to race in six endurance races.
• Original Testa Rossa-spec 3.0-liter V-12 engine and gearbox intact.
• Preserved for decades in museum conditions.

The Market Is Back – And Bigger Sales May Be Coming

Last year, the collector car market seemed to slow down, with no car crossing the $20 million mark at auction. However, that trend is reversing.

Major Auction Results

• 1954 Mercedes-Benz W 196 R Streamliner – sold for $53 million.
• 1964 Ferrari 250 LM – sold for $36.3 million.
• Upcoming auction: 1966 Ford GT40 Mk II expected to break new records.

With high-stakes bidding returning, another record-breaking sale at the next major auction wouldn’t be surprising.