Thefinal hammer price of $47 million is well below original estimates of $60M for this exceedingly rare 250 GTO. With fees added in, the final price climbs to
Itcost an extra $263.30, and just 751 were built. 06: Least powerful. Today, a 1962 Ferrari 250 GTO is the most valuable car in the world. One sold privately in the past couple of years for a reported $70,000,000. The most valuable Pontiac GTO is the 1969 Judge convertible with the 370-hp Ram Air IV engine. The original GTO badge said
Outof the mere 36 Ferrari 250 GTOs produced, this is the only factory-owned Series I GTO raced by the Scuderia Ferrari team. The rare Ferrari race car is the second of only three 300LM examples, derived from the legendary 250GTO, that was built around sports car racing regulations for the 1962 season.
A1962 Ferrari 250 GTO sold at auction for $48.4 million on Saturday night, successfully breaking the world record for the most expensive car ever to be sold at auction.
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Thenine cars pictured above achieved the remarkable feat of selling with an eight figure price tag. They are the nine most expensive cars ever sold: a 1962 model of the fabled Ferrari 250 GTO
Themost expensive Ferrari ever sold at auction was a 1962 Ferrari 250 GTO, which was also on the block at RM Sotheby’s. It sold there in 2018 for $48.4 million.
WorldRecord Auction Sale. via Hemmings. When the Ferrari 250 GTO was introduced in 1962, it cost $18,000 to own one, but half a century later, it cost millions to be a proud owner of one and is one of the most hallowed cars in collector's books. Before the final sale of this example of the Ferrari 250 GTO at auction, the surrounding hype was Beforethe 1962 season, Ferrari had already built nearly 200 competition cars based on the 250 GT.1 Starting in 1954, with the 250 Europa GT, the engine, chassis and body of the 250 series evolved into a greater product each year and it “was the production car that universally spread the Ferrari name the world over.” 1 The 250 GT's ultimate
1962Ferrari 250 GTO is the most expensive car sold at auction. The seven-figure price is a long way from the original $5000 showroom sticker in 1971. The
Thefinal 250 GTO built in 1962, this was also the only example sold new to Germany. The original owner was Hermann Cordes, who raced chassis 4115GT exclusively in local events during the 1963 season. A new owner did much the same in 1964 as did its third owner with rare out >>>. 4153GT.

The1962 Ferrari 250 GTO was built to go racing from day one. Just 39 units of the gorgeous aluminum-bodied 250 GTO were built as homologation specials which then allowed Ferrari to enter the FIA Group 3 Touring Car Championship. Today, these cars are highly sought after and can easily cost upwards of $35 million. []

Whenyou think of how much the 1962 Ferrari 250 GTO can fetch at auction, it makes you wish you had a time machine to go back and buy See more Inrecent years, original examples have repeatedly set price records. Chassis 3413 GT sold at auction in 2018 for $48.4 million and, later that same year, chassis 4153 GT was sold in a private sale for a reported $70 million. Unveiled at the annual pre-season Ferrari press conference in January 1962, the 250 GTO was the sole front-engine

The250 GTO's sinuous nosepiece is a direct result of Bizzarrini's efforts to rectify the Berlinetta's chronic nose-lightness. Bizzarrini, and Scaglietti, pulled the nose forward and lowered it dramatically. The numerology of Ferrari folklore dictates that just 38 GTOs, according to many informed sources, were built between 1962 and 1964.

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