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Sale of Ferrari 250LM

What do the ClassicCarPrice Condition Ratings mean?
Unknown - prior to the sale we list all cars as of unknown condition; post-sale cars will be rated as unknown if we were not at the sale and insufficient photographs and information were provided by the auction house for us to rate a car's condition.

1 = either an outstanding original car, or a top-quality, recent restoration.

1-2 = in very good condition but with one or two less perfect areas; these are extremely presentable cars that have room for improvement.
2 = sound cars that run, but are in need of some attention to bring them up to top condition.

2-3 = cars that run, but need considerable cosmetic and/or mechanical work.

3 = these range from restoration projects to complete cars that need a considerable amount of work; they're unlikely to have an MOT.
Year 1964
Marque Ferrari
Model 250LM
Condition 1-2
Auction House RM Sotheby's
Auction Date 13/08/2015
Status Sold
Premium 10%
Hammer Price £10,187,800
Total Price £11,206,600
Notes matching nos, 23rd of 32 built, shown at Earls Court 1966, raced in period by Ronald Fry, reg no RON 54, last Ferrari to win Le Mans - in 1965, also owned by Richard Colton, restored by GTC Engineering late 1970s-early 1980s, $100k engine rebuild completed 2012, chassis no 6105

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