1964 Ferrari 250 LM Sold for Record $9.6 Million at RM’s Arizona Auction

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RM Auctions achieves its strongest performance to date in Arizona: $63.7 million in total sales with 90 percent of all lots sold. The highlight of the sale was a Classiche-certified 1964 Ferrari 250 LM, chassis 5899 GT, which sold for $9,625,000, and thus secure the title as the most valuable automobile sold in Arizona auction history. Ferraris reigned supreme at the two-day RM sale, constituting eight of the event’s overall top 10 sales. 1964 Ferrari 250 LM Sold for Record $9.6 Million at RM's Arizona Auction
Among other highlights, a freshly restored 1966 Ferrari 275 GTS and a low-mileage 1984 288 GTO, each established new auction records for their models, selling for $2,365,000 and $2,750,000 respectively. It wasn’t just top-tier examples that achieved top dollar: prices for Ferraris of all eras were strong, as demonstrated by a 1974 Ferrari 365 GT4 BB, which sold for a record $511,500, and a 2005 Ferrari 575 Superamerica, which soared past high estimate, realizing $517,000. 1964 Ferrari 250 LM Sold for Record $9.6 Million at RM's Arizona Auction After its 16th annual Arizona Biltmore sale, RM Auctions continues its 2015 calendar on February 4 with its highly anticipated return to Paris during the world-famous Retromobile week. The company then returns to Amelia Island, Florida, March 14 for its well-established sale during the Amelia Island Concours d’Elegance. 1964 Ferrari 250 LM Sold for Record $9.6 Million at RM's Arizona Auction 1964 Ferrari 250 LM Sold for Record $9.6 Million at RM's Arizona Auction 1964 Ferrari 250 LM Sold for Record $9.6 Million at RM's Arizona Auction

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