---
title: Ferrari 250 LM · HICONIUM
description: "Ferrari built the 250 LM to race as a GT; the FIA classified it as a prototype instead. The chassis that won Le Mans in 1965 sold publicly in 2025, but that result prices its race history more than the type as a whole."
canonical_url: https://hiconium.dev/vehicles/ferrari/250-lm
image: https://hiconium.dev/og/vehicle/ferrari/250-lm.png
---

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> On this page: [The price and the proof](#the-price-and-the-proof) · [Model readouts](#model-readouts) · [Documented sales](#documented-sales) · [Overview](#overview-heading) · [Technical specifications](#technical-specifications) · [Powertrain](#powertrain) · [Chassis](#chassis) · [What moves the price](#what-moves-the-price) · [250 LM register](#250-lm-register) · [The people behind the car](#the-people-behind-the-car) · [Mauro Forghieri](#mauro-forghieri) · [Sergio Scaglietti](#sergio-scaglietti) · [Member instruments](#member-instruments)

![A red Ferrari 250 LM, front three-quarter view on a red field with a curved light sweep](https://hiconium.dev/images/cars/ferrari-250-lm/hero-wide-2560.jpg)

# 250 LM

A prototype behind glass

Ferrari built the 250 LM to race as a GT; the FIA classified it as a prototype instead. The chassis that won Le Mans in 1965 sold publicly in 2025, but that result prices its race history more than the type as a whole.

1963 to 1965 · 32 built · Maranello

## The price and the proof

Indicative road-car band €14M–€35M · typical €22M · 3 documented road sales · 7 recorded sales on file. Modeled values are not observed sales. Nothing here is investment advice.

Confidence: estimate. The public record is thin and race history overwhelms ordinary condition adjustments. The 2025 Le Mans-winning chassis is an upper anchor, not a representative car.

Individual race records can move a chassis outside the band.

Valuation method and source rules: [HICONIUM standards](https://hiconium.dev/standards). Observed auction results across the wider market: [Market terminal](https://hiconium.dev/market).

### Model readouts

3 documented anchors. model v1 · seed ferrari-250-lm. Compound annual growth is modeled price CAGR; S&P 500 is a price index without dividends. Forecast quantiles are not investment advice.

| Window | This car* | S&P 500 | Gold |
| --- | --- | --- | --- |
| 1Y | +17.4% | +18.8% | +21.9% |
| 5Y | +7.1% | +11.4% | +17.6% |
| 10Y | +3.1% | +13.3% | +11.8% |

| Series | Deepest drawdown | Window |
| --- | --- | --- |
| This car* | -16.8% | Mar 2017 → Sep 2022 · recovered Feb 2024 |
| S&P 500 | -20.3% | Dec 2021 → Oct 2022 · recovered Dec 2023 |
| Gold | -19.5% | Mar 2014 → Dec 2015 · recovered Jul 2016 |

| Horizon | P10 | P50 | P90 |
| --- | --- | --- | --- |
| +6M | €20'316'984 | €22'537'726 | €25'001'205 |
| +12M | €20'178'174 | €23'088'595 | €26'418'804 |
| +24M | €20'088'131 | €24'231'056 | €29'228'408 |

### Documented sales

7 recorded. Every public sale on this file, newest first. Amounts keep the recorded currency. Source links appear only when the catalog stores a public auction-lot URL.

| Date | Chassis / label | Class | House | Venue | Amount | Currency | Basis | Source |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 2025-02-05 | RM Sotheby's · Paris, France · incl. buyer's premium | LM | RM Sotheby's | Paris, France | €34'880'000 | EUR | incl. buyer's premium | [https://rmsothebys.com/auctions/pa25/lots/r0008-1964-ferrari-250-lm-by-scaglietti/](https://rmsothebys.com/auctions/pa25/lots/r0008-1964-ferrari-250-lm-by-scaglietti/) |
| 2025-02-05 | RM Sotheby's · RM Sotheby's Paris · incl. buyer's premium | LM | RM Sotheby's | RM Sotheby's Paris | €34'880'000 | EUR | incl. buyer's premium | [https://rmsothebys.com/auctions/pa25/lots/r0008-1964-ferrari-250-lm-by-scaglietti/](https://rmsothebys.com/auctions/pa25/lots/r0008-1964-ferrari-250-lm-by-scaglietti/) |
| 2023-07-06 | Artcurial · Paris, France · incl. buyer's premium | Road | Artcurial | Paris, France | €15'771'200 | EUR | incl. buyer's premium | [https://glenmarch.com/auction-cars/show-backup-image/132405/results](https://glenmarch.com/auction-cars/show-backup-image/132405/results) |
| 2015-08-15 | RM Sotheby's · Monterey, USA · incl. buyer's premium | Road | RM Sotheby's | Monterey, USA | $17'600'000 | USD | incl. buyer's premium | [https://glenmarch.com/auction-cars/show-backup-image/11947](https://glenmarch.com/auction-cars/show-backup-image/11947) |
| 2015-01-16 | RM Sotheby's · Arizona, Phoenix, USA · incl. buyer's premium | Road | RM Sotheby's | Arizona, Phoenix, USA | $9'625'000 | USD | incl. buyer's premium | [https://glenmarch.com/auction-cars/show-backup-image/12396](https://glenmarch.com/auction-cars/show-backup-image/12396) |
| 2014-08-16 | RM Sotheby's · Monterey, USA · incl. buyer's premium | LM | RM Sotheby's | Monterey, USA | $11'550'000 | USD | incl. buyer's premium | [https://www.rmsothebys.com/en/auctions/MO14/Monterey/lots/r204-1964-ferrari-250-lm-by-scaglietti/181177](https://www.rmsothebys.com/en/auctions/MO14/Monterey/lots/r204-1964-ferrari-250-lm-by-scaglietti/181177) |
| 2013-11-21 | RM Sotheby's · Art of the Automobile, New York, USA · incl. buyer's premium | LM | RM Sotheby's | Art of the Automobile, New York, USA | $14'300'000 | USD | incl. buyer's premium | [https://rmsothebys.com/en/auctions/ny13/new-york---art-of-the-automobile/lots/r110-1964-ferrari-250-lm-by-carrozzeria-scaglietti/296113](https://rmsothebys.com/en/auctions/ny13/new-york---art-of-the-automobile/lots/r110-1964-ferrari-250-lm-by-carrozzeria-scaglietti/296113) |

## Overview

| Highlight | Detail |
| --- | --- |
| Homologation refused | Ferrari did not build the 100 cars required for GT status. The 250 LM therefore raced against purpose-built prototypes. |
| The privateer win | NART chassis 5893 won Le Mans in 1965 with Masten Gregory and Jochen Rindt. It was Ferrari's last overall win there until 2023. |

| Label | Value |
| --- | --- |
| Engine | 3'286 cc V12 |
| Layout | Mid-engine |
| Built | 32 |
| Le Mans | Winner · 1965 |

## Technical specifications

### Powertrain

| Label | Value | Note |
| --- | --- | --- |
| Engine | Rear longitudinal 60° V12 |  |
| Displacement | 3'285.72 cc |  |
| Power | 320 hp at 7'500 rpm | factory figure |
| Fuel | Six Weber 38/40 DCN carburettors |  |
| Lubrication | Dry sump |  |

### Chassis

| Label | Value | Note |
| --- | --- | --- |
| Frame | Tubular steel |  |
| Suspension | Independent wishbones | front and rear |
| Brakes | Four-wheel discs |  |
| Wheelbase | 2'400 mm |  |
| Dry weight | 820 kg |  |

## What moves the price

Spans are indicative, drawn from documented public sales. Calibrated multipliers for a specific chassis remain member instruments.

| Value driver | Indicative range | Meaning | Documentary evidence |
| --- | --- | --- | --- |
| Period race history | +20% to +100% | Le Mans, Daytona and works or preferred-privateer entries dominate value. |  |
| Matching drivetrain | +10% to +25% | Factory-documented engine and gearbox remain central to the file. |  |
| Identity gaps | −15% to −35% | Unresolved repairs or component history reduce confidence. |  |

### 250 LM register

3 documented · public records only. Private, unpublished and member-only chassis files are omitted.

| Year | Chassis | Colour | Provenance | Last public sale | File |
| --- | --- | --- | --- | --- | --- |
| 1964 | 6045 |  | Published auction record from RM Sotheby's, 2014-08-16. | $11'550'000 · RM Sotheby's · 2014-08 | [Chassis file](https://hiconium.dev/vehicles/ferrari/250-lm?file=6045) |
| 1964 | 5893 |  | Published auction record from RM Sotheby's, 2025-02-05. | €34'880'000 · RM Sotheby's · 2025-02 | [Chassis file](https://hiconium.dev/vehicles/ferrari/250-lm?file=5893) |
| 1964 | 6107 |  | Published auction record from RM Sotheby's, 2013-11-21. | $14'300'000 · RM Sotheby's · 2013-11 | [Chassis file](https://hiconium.dev/vehicles/ferrari/250-lm?file=6107) |

## The people behind the car

### [Mauro Forghieri](https://hiconium.dev/people/mauro-forghieri)

Technical director · Ferrari

![Portrait of Mauro Forghieri](https://hiconium.dev/images/cars/ferrari-250-lm/people/mauro-forghieri.jpg)

### [Sergio Scaglietti](https://hiconium.dev/people/sergio-scaglietti)

Coachbuilder · Scaglietti

## Member instruments

A HICON Bid is a confidential expression of buying interest on this file. It is not a binding purchase, and HICONIUM holds no funds. [Sign in](https://hiconium.dev/sign-in) to place one. Garage files for an owned chassis are member records and are not listed here. [How membership works](https://hiconium.dev/membership).