A 1962 Ferrari 250 GTO sold for a record price of $48.4 million dollars at an RM Sotheby's Auction in Monterey, California on Saturday. The $48.4 million dollar price tag was the most a vintage
But now there's a GTO for sale in Germany that could eclipse even that gargantuan price tag. Ferrari made 39 examples of the 250 GTO between 1962 and 1964, and the item listing on mobile.de doesnThe 250 GTOs regularly command probably the highest prices for any cars sold. because this 1962 Ferrari 250 GTO became the most expensive car ever sold at auction this weekend at an RM Sotheby The 250 GTO was produced from 1962 to 1964 for homologation into the FIA's Group 3 Grand Touring Car category. GTO stands for "Gran Turismo Omologato", Italian for "Homologated Grand Tourer". When new, the GTO sold for $18,500 in the United States, and buyers had to be personally approved by Enzo Ferrari and his dealer for North America, Luigi The Ferrari 250 GTO made its debut in 1962 at the 12 hours of Sebring which was a Formula One championship at the time and this was a GT car. But to the surprise of everyone, it finished second In any case, RM Sotheby’s says Ferrari converted 3765 to “true” 250 GTO specs soon after its obsolescence in 1962. A shunt during its run at Le Mans blocked a radiator and caused the big block to overheat, so the subsequent replacement 3.0-liter currently sold with the car is considered its third engine. Extract from Ultimate Ferrari 250 GTO - The Definitive History by James Page. In 1962, Le Mans was still a Ferrari stronghold. It had won outright in three of the previous four years — the only exception being 1959, when Aston Martin was victorious — and had claimed the GT class in 1959, 1960 and 1961. With no fewer than 15 Ferraris entered for the latest running of the 24 Hours, it seemed Top price for a Ferrari; second only to Merc 300 SLR A 1962 Ferrari 250 GTO Series 1 Racer – the only one of its kind to race as a factory-campaigned car – has sold at auction for a staggering
A rare Ferrari 330 LM / 250 GTO from 1962 has sold for $47 million (plus fees) at auction in New York, falling short of its estimate of $60 million but setting a new record for a Ferrari sold atIn August of 2018, a red 1962 Ferrari 250 GTO was sold at auction for $48.4 million. And in October 2017, Washington, D.C.-based lawyer Bernard Carl sold his blue 1962 Ferrari 250 GTO to British Starting at a four-figure price, the GTO's value skyrocketed in the late '70s and early '80s. After the car market crash in the early '90s, the price of the GTO projected upwards to what it is today. The Ferrari 250 GTO has over the years broken several records for the most expensive car ever sold at auction or private sale. The record for the The 250 GTO, 250 P and 250 LM achieved racing success with this engine. [1] [13] [14] Experimentation on 250 TR body styles from 1957 through 1962 provided Ferrari engineers with valuable experience in developing both low-drag and stability-promoting aerodynamic bodywork. The 250 GTO is still considered the greatest ever Ferrari. This is in part due to its rarity – 33 were made with 1962-63 bodywork (Series I), as the car here. Three were built with 1964 (Series II) bodywork in the style of the Ferrari 250 LM, and three were built with a larger engine, and referred to as '330 GTO specials'.
In the hierarchy of high-priced automobiles, the 1962 Ferrari 220 LM-250 GTO is positioned to redefine the limits. At a projected valuation by RM Sotheby’s exceeding $60 million, and the boldest enthusiasts daring to dream of a breathtaking $80 million, it is set to make history.
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