The 1964 Ferrari 250 LM by Scaglietti, one of the most iconic race cars in Ferrari history, has just been sold for a record-breaking €34,880,000 EUR ($36.34 million USD, 132,167,296 AED) at RM Sotheby’s Retromobile 2025 auction in Paris. This sale cements its place as one of the top five most expensive cars ever sold at auction and highlights the continued demand for Ferrari’s golden-era race cars.
Why Is This Ferrari 250 LM So Valuable?
This specific Ferrari 250 LM (chassis #5893) is the overall winner of the 1965 24 Hours of Le Mans, making it one of the most significant race cars in automotive history. Driven by Masten Gregory and Jochen Rindt under the North American Racing Team (NART), this Ferrari secured:
• Ferrari’s sixth consecutive Le Mans victory—a streak that solidified the brand’s dominance in endurance racing.
• The title of the only privateer-entered Ferrari to ever win Le Mans outright.
• A lasting legacy as Ferrari’s final overall Le Mans winner until the brand’s return to victory in 2023 with the 499P.
A Rare, Well-Preserved Ferrari With Impeccable Provenance
Beyond its legendary Le Mans triumph, this 250 LM holds another record: it is the only Ferrari built during the Enzo Ferrari era (1947–1988) to compete in six 24-hour endurance races, including:
• Three starts at the 24 Hours of Le Mans
• Three starts at the 24 Hours of Daytona
After its racing career, it was displayed at the 1967 New York Automobile Show by Luigi Chinetti Motors/NART before being acquired by the Indianapolis Motor Speedway (IMS) Museum in 1970. It remained in the museum’s collection for an astonishing 54 years, preserving its original condition.
The car is fully documented with:
✔ Matching-numbers 3.3L V12 engine and gearbox
✔ Le Mans entry papers from 1965, 1968, and 1969
✔ Original purchase paperwork from Luigi Chinetti Motors
✔ Comprehensive service history and parts invoices
Ferrari’s Collector Car Market Hits New Highs in 2025
The sale of this 1964 Ferrari 250 LM is part of a three-part RM Sotheby’s auction series featuring cars from the IMS Museum collection. It follows the recent $53 million sale of a 1954 Mercedes-Benz W 196 R Streamliner, proving that the demand for ultra-rare, historically significant race cars is stronger than ever.
While 2024 saw a slight slowdown in high-end classic car sales, 2025 is witnessing a resurgence in demand for Ferrari race cars with Le Mans-winning pedigrees. With its iconic Scaglietti coachwork, legendary V12 engine, and historic racing record, this 250 LM is now one of the most valuable Ferraris ever sold at auction.
Is the Ferrari 250 LM a Good Investment?
For collectors, a Le Mans-winning Ferrari from the Enzo Ferrari era is one of the most desirable assets in the automotive world. With only 32 examples of the 250 LM ever built, this car is not just rare—it’s an irreplaceable part of motorsport history.
At €34.88 million, this Ferrari 250 LM proves that the market for classic, race-winning Ferraris is hotter than ever. Whether as an investment or a passion purchase, this piece of Ferrari history will remain a trophy car for the world’s top collectors.
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Photo Credits: Kegun Morkin/RM Sotheby’s
