Filed under: Classics , Auctions , Ferrari Classic car auctions take place in locations all around the world, from Monte Carlo and Maranello to Monterey and Manhattan. Or so you might think, but last week marked the first time a major classic car auction took place in the Big Apple in over a decade. And boy did it return with a bang

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Talbot-Lago Teardrop Cabrio sells for $7m, Ferrari 250 LM for $14m

Filed under: Classics , Auctions , Ferrari , Racing If you’re one of the very fortunate souls that has $12 to $15 million burning a very large hole in your pocket, we’ve found the perfect way to liberate yourself from the burden of so much money – buy this Ferrari , which is being put up for auction. It’s a supremely rare Ferrari 250 LM, the 24th member of a 32-car run, that rolled off the assembly line on what we imagine was a brilliant, sunny Italian summer’s day in July of 1964. Officially known as Chassis 6107, this 250 LM is rare because unlike its brothers, it wasn’t originally bought to be a race car

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1964 Ferrari 250 LM expected to net $12-15 million at RM’s NY auction