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1964 Ferrari 250 LM sets Arizona auction record at $9.6 million [w/video]

We've seen some high-priced metal come up under the hammer in Arizona over the years, but the one you're looking at right here is the most expensive ever sold during the famous auction weekend. It's a Ferrari 250 Le Mans from 1964, the ninth of just 32 examples made. And RM Auctions just sold it for $9,625,000. That doesn't make it the most expensive Ferrari ever sold at auction, or even the top price paid for a 250 LM: according to figures from Sports Car Market, the same auction house has handled the top five highest-grossing 250 LMs of all time, including the 1965 Le Mans winner that sold in New York in 2013 for $14.3 million and another that sold last August in Monterey for $11.5 million. But it does make this example, according to RM, "the most valuable automobile sold in Arizona auction history." One of the earliest mid-engined Ferraris, the 250 LM was the last of Maranello's Le Mans winners. This particular example, chassis number 5899 GT, was sold by the factory to the famed Swiss racing team Scuderia Filipinetti, winning the Sierre-Montana Crans Hill Climb fresh out the box, followed immediately by another win at the XV Coppa Inter-Europa at Monza – both at the hands of Ferrari F1 and Le Mans drivers. After Filipinetti was done with it, 5899 GT was displayed at the Geneva Motor Show, was sold off the stand and changed hands a few more times – including one owner who oddly replaced the bodywork with that of a Porsche 906 Carrera 6 and another who swapped out the engine. It went on to win many more races, and was ultimately reunited with its original engine and proper bodywork. Restored several times over, 5899 GT was certified ten years ago by the Ferrari Classiche department and was even displayed at the factory museum in Maranello. The 250 LM wasn't the only noteworthy lot RM sold this weekend in the Frank Lloyd Wright Ballroom at the Arizona Biltmore, though. Several other Ferraris sold in the millions, from a '67 275 GTB/4 that sold for $3.6 million to a 2005 FXX Evoluzione for $1.6 million. The '71 Lamborghini Miura SVJ that was tipped to break the $2-million mark ultimately sold for under $1.9M, and the '84 Audi Sport Quattro ultimately dropped right in its estimate range at $401,500. All told, RM sold 90 percent of the metal it was consigned for the event, bringing in a whopping $63.7 million in sales. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

Steve McQueen's Ferrari 275 GTB/4 To Be Auctioned In Monterey

We know from many, many years of watching classic car auctions, that there are certain qualities that ensure big money. For example, putting tiny silver horses and/or yellow badges on a red car will probably bring in a lot of cash. This is doubly true if said car hails from the 1950s or 1960s, and it's triply true if some dude drove it around in circles or if a celebrity owned it. That, friends, is how you make the serious dosh at auction. Considering that, we should expect big, big things when this 1967 Ferrari 275 GTB/4 crosses the block at the big RM Auctions event during the festivities surrounding the 2014 Pebble Beach Concours d'Elegance. Terrence Steven McQueen, better known as Steve McQueen and even better known as the coolest actor of the 1960s and 1970s, originally purchased this car while filming Bullitt in San Francisco, which should provide a big boost to its sale price. As previously reported, this car has undergone a full restoration and has received its certification from the team at Ferrari Classiche. Beyond that, though, we're kind of in the dark about this beauty. We don't even have a rough guess of how much it'll go for. That's where you come in. Considering that the price of classic Ferraris is increasing with all the regularity of Old Faithful, how much do you think McQueen's 275 will call for when it hits the stage in August? Head into Comments and let us know.

Ferrari Classiche returned this 275 GTB Competizione to million-dollar form

When this 275 GTB Competizione rolled into the hands of Ferrari Classiche, it was all out of sorts. Like so many of its brethren, it wore a red overcoat, but Giallo Fly yellow was its original color. The air intakes were mismatching lengths, the front suspension had an extra shock, certain areas of the bodywork were reshaped, and several other parts had been swapped throughout its adventurous life. With time and meticulous attention to detail, however, Classiche brought the GTB/C back up to Ferrari factory standards. Ferrari does not give an exact year of when it reattained chassis No. 09027, only saying it happened a few years after the car was sold at a 2004 Bonham's auction in Monte Carlo. Before that, it lived quite the tumultuous life. It left the factory on June 14, 1966, and four days later, it placed second in its class at the 24 Hours of Le Mans. Pierre Noblet and Claude Dubois drove the No. 57 car for the Francorchamps team and finished 10th overall. According to Ferrari, the racing team made numerous on-the-fly adjustments, including cooling aero and fog lights, to make it properly race-ready. It later won the Mont Ventoux hillclimb, but was damaged during the Marathon de la Route race at the Nurburgring. The car returned to Maranello, and Carrozzeria Scaglietti, who originally built the car, fixed it up before it was sold to amateur racer Patrick McNally in 1967. McNally, after changing the car to silver, wrecked at the 1,000 km of Montlhery. Again, it was fixed, this time by Maranello Concessionaires Ltd. in the UK, and was painted red. Ferrari says the car bounced from owner to owner before it was sold at Monte Carlo. In addition to the previously mentioned issues, the Ferrari faced unoriginal parts that included the oil recovery tank, front brake discs, petrol tank, exhaust system, wheels, tires, steering wheel, and much of the interior. For some reason, the identification plaque had even been changed, but the important original pieces were there: the chassis and the engine. Today, the car is back to tip-top shape and more valuable than ever. Back in 2015, a Barrett-Jackson auction saw a 1966 Ferrari GTB Competizione sell for $9.4 million. We have a feeling Ferrari will keep this one, though. See full photos in The Official Ferrari Magazine. News Source: The Official Ferrari Magazine Auto News Ferrari Automotive History Coupe Performance Classics