Home / News / This 1962 Ferrari 250 GTO May Be a Most Expensive Car to Sell during Auction

This 1962 Ferrari 250 GTO May Be a Most Expensive Car to Sell during Auction

The final time a 1962 Ferrari 250 GTO went to auction—through Bonhams in 2014—it fetched $38.1 million and set a universe auction record for an automobile. But annals are meant to be broken, that usually competence occur when RM Sotheby’s offers a 1962 Ferrari 250 GTO in a Monterey sale, being hold Aug 24 to 25. Experts guess that it will move in additional of $45 million if bidders quarrel fiercely enough.

Ferrari done usually 36 examples of a 250 GTO, and, miraculously, all survived. Ian Kelleher of RM Sotheby’s points out that their owners aren’t penetrating to let them go. “When and if a gourmet achieves this turn of ownership, it’s not their initial Ferrari. Owning a GTO is something people wish to do,” he says. “When people have them, they’re not in a rush to sell, and as a result, they stay with their owners for a unequivocally prolonged time.”

Several sum heed this numbers-matching GTO from a rarely desired siblings. It was a third built of a 36, starting life with a Series we physique that Carrozzeria Scaglietti converted to a Series II in 1964. It’s overwhelmingly original, with Kelleher describing it as “95 percent as it was in a period.” It also has a clever racing history, entrance initial in a 1962 Italian National GT Championship and posting wins in a category in a 1963 and 1964 Targa Florio.

The 1962 Ferrari 250 GTO being presented during auction by RM Sotheby's during a 2018 Monterey Car Week.

The Ferrari 250 GTO on offer is a third to be built and one of usually 36 examples ever produced. 
Photo: Courtesy RM Sotheby’s.

The car’s consigner, Dr. Greg Whitten, an early Microsoft employee, gathering it mostly and eagerly.  Says Kelleher, “In this line of work, we get asked, ‘Did they unequivocally use a car?’ We’ve got hours of him during selected races, during events. We’ve never had a automobile of this value that we can also contend was competitively raced by a owner. It’s a kind of thing that creates the jobs that most some-more sparkling and fun. It’s been raced, it’s been competed, and it’s been shared. That’s what creates it special.”

Check Also

In 32 Years, This CRX has Gone Just 8,045 miles

It’s removing harder and harder to find a good-condition Honda CRX. This one competence be …

Leave a Reply

Your email address will not be published. Required fields are marked *