1962 Ferrari 250 GTO Shatters World Record for Car Auction With $48.4M Sale

1962 Ferrari 250 GTO Shatters World Record for Car Auction With $48.4M Sale

Published: September 4, 2018 | By: American Luxury Staff

A beautiful 1962 Ferrari 250 GTO recently went to auction in Monterey, California, and it was expected to bring in quite a bit cash. But even the high end of the estimate spectrum fell short.

The classic speedster surpassed all expectations by selling for $48.405 million at RM-Sotheby’s auction. The Ferrari’s sale broke the world record for the most expensive auto sale at auction by more than $10 million.

The iconic racing model frequently inspires bidding wars. The former record-holder for most expensive auto sold at auction was also a Ferrari 250 GTO; that example sold at auction in 2014 for $38.115 million. The 250 GTO is an important piece of racing history, and was a track dominator between 1962 and 1964.

This particular Ferrari, #3413GT, previously belonged to Dr. Greg Whitten for 18 years. Whitten is a former Microsoft Chief Software Architect, and a noted auto enthusiast and collector.

Earlier this year, another 250 GTO changed hands privately for as much as $80 million.

 

   
Comments Off on 1962 Ferrari 250 GTO Shatters World Record for Car Auction With $48.4M Sale 2245 September 4, 2018 Cars September 4, 2018