Ferrari 250LM makes £6.3m at auction

A 1964 Ferrari 250 LM with an impressive competition record sold at auction in the USA for $9,625,000 (£6,355,649) on Friday. The car, chassis 5899 GT, was the most expensive car sold in the history of RM’s famous Arizona auction sale.

Fitted with a 320bhp, 3286cc aluminum-block V12 engine with six Weber 38 DCN carburettors, it was the ninth of 32 examples made.

As well as the extensive competition history, it has a ‘matching numbers’ engine and boasts unbroken ownership history from new.

Indeed, Ferraris were in demand at the two-day RM sale, making up eight of the event’s top ten sales. A restored 1966 Ferrari 275 GTS and a low-mileage 1984 288 GTO, each established new auction records for their models, selling for $2,365,000 (£1,558,836) and $2,750,000 (£1,812,519), respectively.

Prices for prancing horses of all eras were strong. A 1974 Ferrari 365 GT4 BB, which sold for a record $511,500 (£337,024), and a 2005 Ferrari 575 Superamerica, made $517,000 (£340,764).

Watch the video below to see how the bidding unfolded.