A 1962 Ferrari 250 GTO with Scaglietti bodywork will cross the auction block this fall expected to fetch up to $60,000,000, making it one of the world’s most coveted Prancing Horse supercars on record despite many rebuilds and technical flaws.
The one-off coachbuilt 250 GTO is known historically as 330 LM. It was largely based on the original Ferrari tech, but had a different engine under the hood – a 4.0-liter Superamerica V12 boosted to 390 PS (385 hp / 287 kW). The team working on it had to extend the wheelbase by 50 mm (2 inches) and enlarge the hood bulge.
The car proceeded to participate in numerous events, including the 1000 Kilometers of the Nürburgring, where it scored a class victory, and the 24 Hours of Le Mans in 1962, where it crashed. The incident left it with another, 3.0-liter engine and a new manual transmission. However, the current owner, who got a hold of the car in 1985, found an original V12 mill after several years of searching and ordered a rebuild.
Other than that, the details are scarce at this point. The auction will only be held in November, but it is already being touted as ‘the only chance’ for collectors to acquire ‘the Holy Grail’ that is the elusive 330 LM.