Latest news with #MastenGregory
Yahoo
11-02-2025
- Automotive
- Yahoo
$36M Ferrari 250 LM Spotted in Maranello Before Historic Sale
Read the full story on Modern Car Collector A rare 1964 Ferrari 250 LM, recently sold for $36 million at RM Sotheby's Paris auction, was spotted driving near Ferrari's Maranello headquarters before its historic sale. The classic race car, renowned for its victory at the 1965 24 Hours of Le Mans, was captured on video exiting Ferrari's iconic factory gate, bearing the yellow prancing horse emblem. The footage, shared on social media, sent enthusiasts into a frenzy as one of Ferrari's most celebrated models made a rare public appearance. Prior to its auction, the 250 LM underwent a comprehensive inspection at Ferrari's facilities, ensuring the vehicle's authenticity and pristine condition. For 54 years, this particular chassis had been housed at the Indianapolis Motor Speedway Museum before being released to the market, attracting global attention from collectors. View this post on Instagram A post shared by IAM2LATE (@1am_2late) Ferrari produced only 32 examples of the 250 LM, making it one of the rarest and most coveted models in the automaker's history. The car's legacy was cemented in 1965 when it became the last Ferrari to secure an outright victory at Le Mans, driven by Masten Gregory and Jochen Rindt in a privateer-entered effort. The $36 million sale price underscores the enduring value of Ferrari's motorsport heritage. With collectors willing to pay record sums for race-winning icons, the 250 LM's public sighting in Maranello serves as a reminder of the timeless allure of Ferrari's golden era of endurance racing. Follow us on Facebook and Twitter
Yahoo
07-02-2025
- Automotive
- Yahoo
Le Mans-Winning 1964 Ferrari 250 LM Sells for $36.2 Million
Read the full story on Modern Car Collector A 1964 Ferrari 250 LM, which captured the overall win at the 1965 24 Hours of Le Mans, has fetched a remarkable $36.2 million at the RM Sotheby's Paris auction, marking a historic moment in the automotive world. The car, originally piloted by legendary racing drivers Masten Gregory and Jochen Rindt for the North American Racing Team (NART), remains the only privateer-entered Ferrari to win the prestigious race overall, securing Ferrari's sixth consecutive victory at Le Mans. One of only 32 250 LM models ever built, this particular example (chassis number 6) is highly regarded for its unique history and continued preservation. It is the only Ferrari from the Enzo Ferrari era to have competed in six 24-hour races, including three runs at Le Mans and three at the 24 Hours of Daytona. The 250 LM was first displayed at the 1967 New York Automobile Show by Luigi Chinetti Motors/NART and has since remained an icon in Ferrari's racing legacy. After its race career, the car was purchased by the Indianapolis Motor Speedway (IMS) Museum in 1970, where it has been meticulously preserved for 54 years. The 250 LM is offered in original condition, retaining its matching-numbers engine and gearbox. The sale includes comprehensive documentation, including Le Mans papers from 1965, 1968, and 1969, as well as service records and a detailed history report by renowned Ferrari historian Marcel Massini. Though other lots at the 2025 RM Sotheby's auction, such as the Bugatti Centodieci, received mixed reactions, the Ferrari 250 LM's sale was a highlight of the evening, cementing its place as one of the most important and valuable Ferrari models in existence. Follow us on Facebook and Twitter
Arab News
06-02-2025
- Automotive
- Arab News
Ferrari's 1965 Le Mans-winning car sold for 35 million euros
ROME: The Ferrari which won the 1965 edition of the prestigious Le Mans 24 Hours race was sold for 34.9 million euros ($36.2 million) at a Paris auction, the Italian manufacturer said Thursday. Ferrari said that the eye-watering sum is the highest paid for the 250 LM model, with this specific car winning Ferrari's sixth consecutive title on the 'Circuit de la Sarthe' in western France and their last until 2023. 1965 Le Mans Ready,set,go. The 1965 Le Mans-winning Ferrari 250 LM driven by Jochen Rindt and Masten Gregory. This race would also prove to be the last Ferrari victory at Le Mans until 2023.#F1 #RetroF1 #LEMANS24 #RetroGP — kris van Ditshuizen (@KrisVanD2) February 6, 2025 Masten Gregory and Jochen Rindt drove the car, which had been on display at the Indianapolis Motor Speedway Museum since 1970 before being offered for sale by Sotheby's, for the North American Racing Team (NART). Ferrari gave no details as to the identity of the buyer of the 250 LM model, of which only 32 were made. The record for the sale of a Ferrari was a 330 LM/250 GTO from 1962 which went under the hammer in New York for $51.7 million in November 2023.
