1962 Ferrari 250 GTO could become world’s most expensive car

RM Sotheby’s to sell highly original Ferrari 250 GTO, which could become the most expensive car ever sold at auction

A Ferrari 250 GTO will go under the hammer at RM Sotheby’s Monterey auction in August, and it could become one of the most expensive cars ever auctioned, carrying an estimate of $45 million (£34 million).

Widely revered as one of the ultimate collector’s cars, the 250 GTO has claimed close to 300 overall racing victories worldwide.

Most expensive cars ever sold at auction

This particular 1962 250 GTO on offer is the third of the 36 examples built, bearing chassis no. 3413 GT. It began its life as a Series I car and claimed victory in all but one of ten races entered in 1962. Remarkably for a race car, it retains its original engine, gearbox, and rear axle, as well as its factory Series II body, fitted by Carrozzeria Scaglietti in 1964.

Owned since 2000 by former Microsoft chief software architect Dr. Greg Whitten, RM Sotheby’s claims that previous owners include some of the world’s most prominent Ferrari collectors.

Under Dr. Whitten’s ownership, the GTO has competed in vintage events around the world over the last two decades, as well as four of the lauded GTO anniversary tours.

Your guide to buying a car at auction

Earlier this year, it was rumoured that the private sale of a pristine, early example saw £52 million change hands. This example, used by Ferrari as a test car for Phil Hill ahead of the 1962 Targa Florio road race, looks set to be the most expensive car ever sold at auction should its £34 million plus estimation hold out.

The current record holder is another 1962 Ferrari 250 GTO, which fetched over $38 million (£28.7 million) in 2014.

Check out the top ten most expensive cars ever sold at auction

Recommended

First Ferrari electric car to launch in 2025
Ferrari badge
Ferrari

First Ferrari electric car to launch in 2025

The Italian sports car brand is turning to full electrification with its first EV to launch in 2025, plus three further new models on the way
15 Apr 2021
New 2022 Ferrari Purosangue SUV spied again
Ferrari Purosangue
Ferrari

New 2022 Ferrari Purosangue SUV spied again

Ferrari’s first SUV is coming next year and an early prototype has been caught wearing some new parts
31 Mar 2021
New 2023 Ferrari hypercar spied for the first time
Ferrari hypercar - spyshot 1
News

New 2023 Ferrari hypercar spied for the first time

LaFerrari successor could feature mid-mounted electrified V12 engine and will form basis of new Le Mans racer
3 Mar 2021
The ultimate Ferrari toy car collection
Features

The ultimate Ferrari toy car collection

Meeting the UK's Ferrari merchandise king
1 Oct 2020

Most Popular

Next-generation Range Rover Sport to get racy new look
Range Rover Sport render
News

Next-generation Range Rover Sport to get racy new look

Our exclusive images preview what the upcoming Range Rover Sport could look like
12 May 2021
Average speed cameras on motorways get approval from drivers
Average speed camera
News

Average speed cameras on motorways get approval from drivers

UK drivers are in favour of average speed cameras on motorways despite the majority admitting to breaking 70mph limit
10 May 2021
Sporty new Range Rover Evoque P300 HST launched
Range Rover Evoque HST
Land Rover Range Rover Evoque SUV

Sporty new Range Rover Evoque P300 HST launched

New Range Rover Evoque P300 HST comes with 296bhp 2.0-litre turbocharged petrol power
12 May 2021