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STEVE MCQUEEN’S 1967 FERRARI 275 GTB/4 PULLS $9.25 MILLION AT AUCITON

Ferrari, Celebrity, Auction, Steve McQueen

As previously stated on this blog, RM Auctions had announced that Steve McQueen’s 1967 Ferrari 275 GTB/4 would cross their auction block in August. All previous expectations were surpassed when McQueen’s vintage Ferrari took in a rather respectable $9.25 million. Celebrity cars always generate excitement at auction, including those celebrities with Hollywood ties. McQueen is not just a Hollywood icon; his name will always be associated with speed and fast cars.

McQueen was in possession of this 1967 Ferrari 275 GTB/4 for four years before the vehicle was sold to a couple that have done an amazing job of preserving this piece of Hollywood history to include a complete restoration of the GTB/4 that was completed just a few years ago.

1964 FERRARI F250 SELLS FOR $14.5 MILLION AT AUCTION

1964 Ferrari F250Last week Sotheby’s auction house in New York City held their first automotive auction in more than a decade. The “Art of the Automobile” event featured 34 trophy cars and 7 automobile exhibits attracting more than 1,500 visitors per day. The auction made $62.8 million, exceeding the presale estimate of $50 million with the top lot being a 1964 Ferrari 250 LM that sold for 14.3 million, smashing the previous record of $6.9 million for this model.

Officially known as Chassis number 6107, this 250 LM is unique in the fact this racer was not originally bought to be a racecar. It wasn’t until 1968 that Chassis number 6107 was sold to an Ecuadorian couple who kicked off the cars racing career. Its best result was at the 1968 24 Hours of Daytona, where this little red racer finished eighth overall and first in class. The car also ran at events at Daytona and Sebring, never matching the success achieved at the 24 Hours of Daytona. In 1983 the cars was sold to its most recent owner, a Japanese collector who has had the vehicle on display in his collection ever since.

According to the press release, this numbers-matching, “gently freshened” little racer has just over 10,000 miles on the odometer. The fact that this vehicle was lightly raced and other wised treated as a museum piece is what makes chassis number 6107 so much different that the other 31 Ferrari 250 LM vehicles produced. Standing only 44 inches tall, this little red Ferrari was designed by Carrozzeria Scaglietti and maintains its status as a true competitor from the glory days of racing.

As impressive as it is to bring in $14.5 million at auction, chassis number 6107 will have to live with the fact that the title of world’s most expensive car belongs to a 1963 Ferrari 250 GTO racer that sold privately at a previous auction for $52 million dollars.

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