An historic 1964 Ferrari 250 LM has been sold by RM Sotheby’s for a dizzying $17.6 million as part of ‘The Pinnacle Portfolio’. That price puts it well ahead of another 250 LM auctioned by RM last year which sold for $11.55 million. That example had been previously crashed and damaged by fire however.

The car in question is one of just 32 examples ever created and was originally shown to the world at the 1964 Earls Court Motor Show. It has also recently completed in the Le Mans Classic and Tour Auto and features matching chassis and engine numbers meaning it is all original.

As with all other Ferrari 250 LM by Scaglietti models, this latest one features a 3.3-litre aluminium-block V12 engine delivering 320 hp. The engine features six Weber carburettors as well as a five-speed manual transmission and independent front and rear suspension. Disc brakes are also featured at all four corners.

Rather amazingly, the Ferrari 250 LM is rarer than the fabled 250 GTO yet has never been able to match the GTO at auction. This latest result could see the value of other 250 LMs sky rocket.

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