One of the most coveted Ferrari models is going up for auction on November 13, and it is expected to surpass the 60 million mark - if it succeeds, it will become the most expensive Ferrari ever sold.
The 1962 Ferrari 330 LM model is based on the iconic 250 GTO model and was built to compete with cars like the Jaguar E-Type and Shelby Cobra. The car is the only 250 GTO / 330 LM owned by the factory that is still in existence today, and during its career, it was driven in the 1962 24 Hours of Le Mans race by Lorenzo Bandini and Mike Parkes. Despite crashing and being forced to retire from the race after 56 laps, the fact that it competed in the Le Mans race undoubtedly adds to its desirability.
In the same year, the car raced in the Nurburgring 1000km event, where it finished second overall. It then continued to race until the end of 1963, before being sold early the following year, when its four-liter V12 engine was replaced with a smaller three-liter one to compete in Italian GT competitions. At one point in its history, the car was owned by the Chairman of the Board of the Ferrari Club of America, after which it was sold in the 1980s. It has remained in the same collection ever since, for the past 38 years, and has been thoroughly restored to impeccable condition.
This Ferrari 330 LM received the FCA Platinum Award and the Coppa Bella Machina title at the Cavallino Classic event. It was also adorned with the Best in Show award at the Amelia Island Concours d’Elegance, while finishing second in the GTO class during the 2011 Pebble Beach Concours d’Elegance event.
The Ferrari 330 LM differs slightly from the 250 GTO model on which it is based, with a slightly longer chassis to accommodate the four-liter V12 engine. It also features telescopic shock absorbers, coaxial gear, and tubular steel frame. The most expensive Ferrari sold to date is the 250 GTO unit that was sold at a private auction for an incredible seventy million dollars in 2018.