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1962 Ferrari 330 LM / 250 GTO sold for $51.7 million

In 1962, one of the most impressive Ferrari GTO cars was created and the only factory GTO Tipo 1962 example to have been campaigned by the Scuderia Ferrari, the 1962 Ferrari 330 LM / 250 GTO. This unique car was sold a few days ago at an auction for 51.7 million dollars, making it one of the most expensive Ferraris ever.

In the early 60’s the FIA CSI set new regulations, so Ferrari began to design a new racing car to compete in the GT class with a 3.0 L engine. The FIA tried to limit the competition to only GT models, but under pressure from the organizers of La Mans, the ACO stipulated a larger-displacement 4-liter class whose purpose was ostensibly to develop cars that might eventually translate into road car production. This gave Ferrari the opportunity to install a 4-liter engine in the newly developed 250 GT.

This unique car with chassis number #3765, finished in Rosso Cina, debuted at the Nürburgring 1000 KM on May 27. It was powered by a 4.0L V12 engine with 390 hp (287 kW), which was enough to reach a top speed of 280 km/h (174 mph). In its first race at the 24 Hours of Le Mans, the 250 GT secured a 4th-place starting position, but did not finish the race.

After the end of the season, the car was refurbished as necessary for client sales. The following year it was returned to Maranello for a conversion to 250 GT specification, when a 3.0L engine was installed, which is still there today.

Between 1964 and 1967, the car continued to compete in various hillclimb races, where it achieved good results. Until then, it had changed several owners, and in 1968 it was bought by Jack Reuter from St. Louisa, Missouri, when the car began participating in American marque gatherings.

In 1974 it was sold to Fred Leydorf of Birmingham, Michigan, in whose possession it remained for 10 years, until it was sold to the seller. The seller delivered the car to the specialists at Shelton Ferrari in Fort Lauderdale, Florida, who restored it. After that, this 250 GT earned a class award at the Vintage Grand Prix at Mid-Ohio, the Cavallino Classic, the Scuderia Ferrari Cup, and the Coppa Bella Macchina.

This 330 LM / 250 GTO is documented with factory records that clarify its early history, including two sets of build sheets (one each for the factory preparation for the Nürburgring and Le Mans), and a third spec sheet that outlines the factory modifications to 250 GTO specifications conducted for privateer racing in May 1963, including installation of the currently fitted engine.

Source: RM Sotheby’s

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1962 Ferrari 330 LM / 250 GTO sold for $51.7 million
Auctions

2000 Ferrari 550 Maranello is for sale

Between 1996 and 2002, Ferrari produced a car that marked Ferrari’s return to a front-engine, rear-wheel drive layout, the Ferrari 550 Maranello. It was 23 years after the 365 GTB/4 Daytona had been replaced by the mid-engined Berlinetta Boxer. Over 3k cars of this model were produced and one of them, the 2000 Ferrari 550 Maranello is for sale.

Ferrari 550 Maranello is powered by a 5.5-liter quad-cam F133A V12 engine with 478 hp (357 kW) and 419 lb-ft (568 Nm) of torque. Power is sent to the rear wheels via a 6-speed manual transaxle and a limited-slip differential. It reaches 62 mph in 4.4 seconds with a top speed of 199 mph (320 km/h). It is mounted on 18″ five-spoke alloy wheels wrapped in Continental ExtremeContact tires.

This car is finished in Grigio Titanio, and is in good condition. It is equipped with projector-style headlights, fog lights, a hood scoop, a front spoiler, front fender vents, quad exhaust tips exiting through the rear bumper cover, silver-finished Ferrari-branded calipers over cross-drilled and ventilated rotors at all four corners. , and replacement front shock absorbers.

Inside, power-adjustable Daytona-style seats are upholstered in blue leather. In front of the driver is a three-spoke leather-wrapped steering wheel behind which is a six-digit odometer showing 50,406 miles. Additional equipment includes a gated shifter, automatic climate control, electric windows, a CD stereo, drilled aluminum pedals, and rear luggage straps.

The Carfax report lists accidents, in 2011 and 2014, involving a guide rail and an animal. Comes with factory literature, a tool kit, spare parts, and a clean Florida title.

The auction ends on November 11 and the highest bid at the time of writing was USD $25,000.

Source: Bring a Trailer

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2000 Ferrari 550 Maranello is for sale
News

Ferrari cars can be paid in cryptocurrency

When the first cryptocurrency, Bitcoin, was created in 2009, few believed that it would survive. Today, there are hundreds of different cryptocurrencies on the market, and many still think they have no future. However, Ferrari has announced that buyers in America will be able to pay for their cars in cryptocurrency.

Why did Ferrari choose this option? “Paying in cryptocurrency will help the Maranello-based manufacturer reach people who are not necessarily buyers of our brand, but who can afford a Ferrari,” said Enrico Galliera, director of sales and marketing at Ferrari.

Buying a car with cryptocurrency is not new, and Ferrari decided to make this move after customer demands. The Italian manufacturer of sports cars has reached an agreement with BitPay through which purchases of new Ferraris will be made in Bitcoins, Ethers or USDC.

BitPay will convert the payment into traditional currency at the time of transaction to avoid problems with exchange rate fluctuations. America will not be the only market where customers will have this option, as from next year, customers in Europe will also be able to do so.

Of course, Ferrari will not limit this payment option only to Europe and America, because soon customers in other markets will also be able to use it.

Source: Ferrari