A uncommon 1962 Ferrari 330 LM initially owned and raced by Ferrari’s manufacturing unit staff is arising on the market and should set a file for the very best worth paid for a Ferrari at public sale.

The automotive will go beneath the hammer on Nov. 13 at an RM Sotheby’s sale in New York Metropolis, and presently carries an estimate of $60 million.

Although steep, the estimate is in keeping with costs paid for different uncommon classics. A 1963 250 GTO bought in 2018 for a rumored worth of $70 million, albeit privately. And a 1955 Mercedes-Benz 300 SLR, certainly one of solely two Uhlenhaut Coupe examples, bought final yr for over $140 million.

The 330 LM is in the identical league as these automobiles. The Ferrari race automotive was an additional growth of the 250 GTO, and was constructed to adjust to altering FIA laws. Solely 4 had been constructed, as Ferrari was getting ready to maneuver to a mid-engine platform, and solely two had been constructed with bodywork resembling the 250 GTO. The automotive arising on the market, bearing chassis no. 3765, is a kind of two.

1962 Ferrari 330 LM bearing chassis no. 3765 – Picture credit score: RM Sotheby’s

Clues that give away its id is the signature bulge within the hood to accommodate the bigger 4.0-liter V-12 engine used within the 330 LM, as an alternative of the three.0-liter engine within the 250 GTO. The 330 LM’s floorpan can also be longer as a result of engine.

Based on Ferrari, the V-12 is sweet for 385 hp, or sufficient to hold the automotive to a prime pace of 174 mph.

The engine sits in a tubular metal chassis that options unbiased entrance suspension and a stay axle on the rear. The bodywork is by Scaglietti. Later examples of the 330 LM featured bodywork by Pininfarina and extra carefully resembled the 250 Lusso, albeit with a face nonetheless matching the design of the 250 GTO.

1962 Ferrari 330 LM bearing chassis no. 3765 – Picture credit score: RM Sotheby’s

The 330 LMs noticed loads of competitors use, particularly on the 24 Hours of Le Mans from which they take the LM suffix to their title. Chassis no. 3765 wears the identical livery it did for the 1962 24 Hours of Le Mans, the place it certified in seventh place however failed to complete. Its biggest success was in a 1,000-kilometer race on the Nürburgring in 1962, the place it completed second total and first at school.

After Ferrari was carried out racing the automotive, it was bought in 1964 to Ferdinando Latteri who put in a 3.0-liter V-12 in order that it might be fielded as a GTO in Italian GT racing. It then traded fingers a number of occasions earlier than ending up with its present proprietor, Ohio resident Jim Jaeger, in 1985. He managed to seek out its authentic engine and had a full restoration carried out.

Based on the itemizing, the automotive is nicely documented and comes with copies of the unique manufacturing unit construct sheets, interval racing protection, and homeowners’ correspondence.