Highly Original 1964 Ferrari 250 LM Headlines RM’s Exclusive Art of the Automobile New York Sale

By Auto News Log • October 6th, 2013

- RM Auctions, in association with Sotheby’s, secures one of the world’s greatest Ferrari road racing cars for its exclusive Art of the Automobile auction, November 21 in New York City

– Considered one of the most original and highly prized of all Ferraris, this multi-million-dollar 250 LM emerges for sale following long-term private ownership

– Additional sale highlights include a stunning 1936 Talbot-Lago T150C Figoni et Falaschi Cabriolet; the groundbreaking 1963 Chevrolet CERV II; and a beautifully preserved 1967 Toyota 2000GT

– Frequently updated list of entries available online at www.rmauctions.com

BLENHEIM, Ontario – RM Auctions, in association with Sotheby’s, is proud to announce one of the greatest and most prized of all Ferrari road racing cars, a 1964 250 LM Berlinetta, as the latest premier offering for its exclusive Art of the Automobile sale on November 21 in New York City.

The beautiful yet purposeful lines of the 250 LM are truly unmistakable, and with its mid-mounted, 3.3-liter V-12 engine, the Ferrari 250 LM was a highly effective and successful competition car in period. The automobile on offer, chassis 6107, is a terrific example of the marque’s first production-based mid/rear-engine model. The 24th of just 32 examples produced, it combines style with performance and has been associated with some of racing’s biggest names.

“Alongside the iconic 250 GTO, the 250 LM is one of the most coveted and collectible Ferraris of all time,” says Ian Kelleher, Car Specialist, RM Auctions. “We are honored to have been entrusted with the upcoming sale of 6107. It’s a terrific addition to our New York auction, and we expect its first public offering in decades will attract the attention of the world’s top collectors.”

Chassis 6107, which features a revered Pininfarina body design with coachwork by Scaglietti, was delivered new to future Monterey Historics founder Steven Earle in November 1964. Mr. Earle used the car about town over the next several years, accruing only a few thousand miles during his ownership. Chassis 6107 then enjoyed a brief stint in the hands of one of Mr. Earle’s friends, Chris Cord, before being purchased in 1968 by Guillermo Ortega and Fausto Merello, two Ecuadorean privateers who competed under the banner of the Raceco Team. It was at this point that 6107 embarked on an extensive racing career, highlighted by its extraordinary performance at the 1968 24 Hours of Daytona, where it finished an amazing 8th overall and 1st in class. Among other racing pursuits, 6107 was campaigned at the 12 Hours of Sebring in 1969, and it returned to Daytona that same year, where Merello was joined by Edward Alvarez and legendary Ferrari driver Umberto Maglioli behind the wheel. Merello then took the 250 LM home to Ecuador, where he raced the car alongside Pascal Michelet, who purchased Ortega’s, and later Merello’s, stakes in the car, and who continued to campaign the car throughout Ecuador and Peru over the next several years.

In the early 1970s, chassis 6107 was sold to the UK, where it was ultimately returned to its original Rosso Cina paintwork, a deep shade of red, before being sold to Japan in 1983, where it spent the next 30 years. Recently emerging from long-term, private display, the impeccably documented 6107 comes to auction as one of the finest known 250 LM examples extant, and arguably, it is one of the most original examples with such an important racing record. It is expected to fetch in excess of $12 million USD when it goes under the gavel in November.

Alain Squindo, Vice President, RM Auctions, adds, “6107 represents the pinnacle of 1960s vintage Ferrari collecting, combining rarity, beautiful design and a legitimate racing pedigree. Only a select number of cars can claim both originality and important race history, and of this group, few rarely come up for public sale, elevating the significance of this upcoming auction.”

The 250 LM leads an elite roster of automobiles at the highly anticipated Art of the Automobile sale. Additional notable entries include:

• an exquisite, meticulously restored 1936 Talbot-Lago T150C Cabriolet by Figoni et Falaschi, which is the prototype cabriolet and is one of the best executed examples of French automotive sculpture of all time (Estimate: $8,000,000–$10,000,000);

• a 2011 Bugatti Veyron 16.4 Grand Sport Bleu Nuit that is finished in Dark Blue-tinted carbon fiber and polished aluminum, combining the highest elegance and state-of-the-art performance technology with futuristic design (Estimate: $2,000,000–$2,800,000);

• Zora Arkus-Duntov’s legendary Corvette engineering test vehicle, the 1963 Chevrolet CERV II, which was a design and engineering inspiration for future Corvettes and was driven in period by Arkus-Duntov, Jim Hall, and Roger Penske (Estimate: $1,300,000–$1,800,000);

• a truly flawless, impeccably restored 1960 Mercedes-Benz 300 SL Roadster that has had just two owners from new, including its original female ownership for 46 years. The 300 SL boasts numerous Best of Class wins and special awards, having been judged as both a Preservation Class and full Concours Class vehicle (Estimate: $1,000,000–$1,400,000); and

• a stylish, largely original, unrestored, and beautifully preserved 1967 Toyota 2000GT, which is one of only 54 U.S.-delivery examples (Estimate: $700,000–$1,000,000).

Proudly presented by RM Auctions, in association with Sotheby’s, Art of the Automobile is the first major collector car auction to be held in Manhattan in over a decade. With an emphasis on bespoke design and best of category examples from the world’s most admired automotive marques, the sale will feature one of the most significant collections of motor cars offered in auction history. In total, no less than 25 automobiles are expected to go under the gavel at the November 21 auction.

As a prelude to the sale, an extraordinary exhibition that showcases the vehicles on offer will be held from November 18–20 on the 10th floor galleries at Sotheby’s New York—a setting customarily reserved for the display of world-class works of art offered at Sotheby’s.

For further information and a frequently updated list of entries, please visit www.rmauctions.com.

About RM Auctions

RM Auctions is the world’s largest auction house for investment-quality automobiles. With over three decades of experience in the collector car industry, RM’s vertically integrated range of services, from restoration to private treaty sales, auctions, estate planning, and financial services, coupled with an expert team of international car specialists at seven offices around the world, provide an unsurpassed level of service to the global collector car market. RM proudly holds five of the top ten all-time records for the most expensive motor cars sold at auction. RM’s restoration division has achieved unprecedented accolades, earning Best of Show honors at the world’s top concours events, including the prestigious Amelia Island and Pebble Beach Concours d’Elegance. For further information, visit www.rmauctions.com, find us on Facebook, or follow us on Twitter @rmauctions.

About Sotheby’s

Sotheby’s has been uniting collectors with world‐class works of art since 1744. Sotheby’s became the first international auction house when it expanded from London to New York (1955), the first to conduct sales in Hong Kong (1973) and France (2001), and the first international fine art auction house in China (2012). Today, Sotheby’s presents auctions in eight different salesrooms, including New York, London, Hong Kong and Paris, and Sotheby’s BidNow program allows visitors to view all auctions live online and place bids in real‐time from anywhere in the world. Sotheby’s offers collectors the resources of Sotheby’s Financial Services, the world’s only full‐service art financing company, as well as private sale opportunities in more than 70 categories, including S|2, the gallery arm of Sotheby’s Contemporary Art department, as well as Sotheby’s Diamonds and Sotheby’s Wine. Sotheby’s has a global network of 90 offices in 40 countries and is the oldest company listed on the New York Stock Exchange (BID).

Photo Caption:

1964 Ferrari 250 LM, chassis 6107, at the 1968 24 Hours of Daytona (Photo Credit Bill Warner © Courtesy of RM Auctions).

Media Contact:

Peter Haynes phaynes@rmauctions.com
+44 7738 883 259

Meghan McGrail mmcgrail@rmauctions.com
+1 519 437 3061

Dan Abernethy dan.abernethy@sothebys.com
+1 212 606 7176

Source: RM Auctions

 

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