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Ferrari 275 GTB/LM Competizione Speciale: Legendary Auction at Mecum's Kissimmee 2024 Event

The race car had previously exchanged hands for a staggering sum of $26.4 million during its previous sale, marking a significant milestone in the valuation of this exceptional automotive masterpiece.


Ferrari 275 GTB/LM Competizione Speciale


While the Ferrari 275 GTB may not command the same attention as the revered 250 GTO, it holds an esteemed place among Maranello's top-tier sports cars.

Heading for auction at Mecum in Florida next month, the captivating Ferrari 275 GTB/LM Competizione Speciale from 1964 shines in a radiant red finish. As one of merely three models produced in that year, this rarity guarantees an enthralling occasion for astute collectors.


While the 250 GTO commands widespread acclaim as a pivotal Ferrari model (as echoed by collectors' admiration), the 275 GTB stands as a commendable successor. Precision-engineered to uphold Ferrari's domination in GT racing, the Competizione Speciale faced initial challenges with homologation from the Fédération Internationale de l’Automobile. Refusal stemmed from its substantial weight reduction compared to the standard road version. Eventually, a compromise materialized, albeit causing delays. Consequently, only a sole exemplar, bearing serial no. 06885, competed in the 1965 season. Despite this setback, it secured a remarkable third-place finish at the esteemed 24 Hours of Le Mans that year.


This 275 GTB/LM Competizione Speciale, marked as no. 06701, stands as one of the trio produced, although it did not partake in endurance racing's foremost event. Crafted under the design prowess of Pininfarina and the skilled hands of Scaglietti, this car boasts an agile physique initially finished in Rosso Cina. Subsequently, it underwent a transformation, adorning itself in Grigio Scurro Metalizatto before finding its home with Italian entrepreneur Pietro Ferraro in 1965. Throughout its storied journey, this automobile has transitioned through the ownership of several affluent collectors across the decades, as detailed by Car Buzz. Notably, Leslie Wexner acquired it in 2014, and at some point thereafter, the car returned to its original resplendent red color.


While the aesthetic charm of this Prancing Horse is undeniable, its true marvel resides under the hood. Nestled within lies a formidable 3.3-liter Type 213 Colombo V-12, boasting six Weber carburetors. This muscular powerhouse churns out approximately 300 hp, delivering all its might to the rear axle through a five-speed manual transmission. Notably, the car features an exhaust system sporting side pipes reminiscent of those adorning the 250 LM.


The spotlight at Mecum's Kissimmee 2024 auction from January 2 to 14 will shine brightly on the 275 GTB/LM Competizione Speciale. While no estimate has been officially provided, expectations suggest a staggering bid likely to soar well into the eight-figure realm. Previously fetching $26.4 million, this model comfortably secured its place among the most expensive classic cars ever auctioned, hinting at another record-breaking sale.


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