1962 Ferrari 330 LM/250 GTO

Offered by RM Sotheby’s | November 2023

You know your car is a big deal when one of the biggest auction houses in the world devotes an entire sale solely unto it. Sorry about the photo, I had to use my own since the preview images from RM Sotheby’s are… not great. The entire subsection of the site dedicated to this car leaves a lot to be desired. No real photos. No real info. But who needs to know anything when you’re buying a car to be the guy who bought that car.

Where to start. Just 36 examples of the 250 GTO were produced between 1962 and 1964. They are the most valuable cars in the world. Three or four of those cars were modified by the factory into 330 LM (or LMB) spec, which included replacing the factory 3.0-liter V12 with a 4.0-liter unit. Output jumped from 296 horsepower to 390.

This is one of those cars. And it is apparently the only one with the 4-liter engine. It has factory Scuderia Ferrari racing history, including:

• 1962 1,000km Nurburgring – 2nd (with Willy Mairesse and Mike Parkes)
• 1962 24 Hours of Le Mans – 43rd, DNF (with Parkes and Lorenzo Bandini)
• 1965 Targa Florio – DNF (with Ferdinando Latteri and Ignazio Capuano)

The car came to the U.S. in the late 1960s and was purchased by its current owner, the founder of Escort Radar, the radar detector people, in 1985. He’s had it since and has displayed the car all over. The last time it changed hands was for like $500,000. It’s going to be a little more than that now. Read more about it here (kind of).