Pursuits
Ferrari 250 LM Sells for Record $14.3 Million in New York
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A 1964 Ferrari 250 LM sold for $14.3 million at auction yesterday.
Estimated at $12 million to $15 million, it was the top lot of “Art of the Automobile,” the first car auction in Manhattan in more than a decade. Organized by Sotheby’s and RM Auctions, it offered 34 trophy vehicles. The auction tallied $62.8 million, exceeding the presale estimate of $50 million; of the 41 offered lots, only three failed to find buyers.