Ferrari 250 GTO could be world's most expensive car with £45 million price tag

A Ferrari 250 GTO has hit the market with a price tag that could make it the most expensive car ever sold

Ferrari 250 GTO outdoors

A UK based Ferrari specialist has listed a 1962 Ferrari 250 GTO which could become the most expensive car in the world, thanks a price tag of £45 million.

If that lofty asking price was realised, it would eclipse the current record for a car sold at auction by a significant margin – £23 million was paid in 2014 for another 250 GTO, sold by Bonhams during Monterey Car Week. Of course, the record for the most expensive car ever sold is a little bit harder to pinpoint as the exact figures involved in private sales are rarely made public. There's no doubt that at £45 million, however, this Ferrari would be there or thereabouts.

This particular example comes with a very special pedigree. Finished in metallic blue with a white stripe, it was completed in March 1962 and briefly used for development purposes by Ferrari at Monza. It’s the second of 39 cars built, but this one has the distinction of being the first 250 GTO to be raced. It was sold into private hands in 1962 and took part in that year’s Sebring 12 hours. Driven by Phil Hill and Olivier Gendebien, it finished first in class and second overall.

Most expensive cars ever sold at auction

Later that year, the car made its way to Le Mans, placing third in its class and finishing sixth overall. The vast majority of its pro appearances on track took part in the United States before its final one in 1965, winning its class that year’s Tourist Trophy at the International Bahamas Speed Week at Nassau.

Since then the car has traded hands numerous times, appearing at concours events, the Goodwood Revival, and most recently appearing on display at the Simeone Foundation Museum in Philadelphia.

The 250 GTO consistently places as one of the most sought after collectable cars. Using a 3.0-litre V12 with 300bhp, and with a weight of just 880kg dry it was capable of a top speed of 174mph. A full breakdown of the car’s extensive history is available over at Talacrest

Would a 250 GTO be on your shopping list if you hit the Euromillions jackpot? Let us know in the comments...

Recommended

The ultimate Ferrari toy car collection
Features

The ultimate Ferrari toy car collection

Meeting the UK's Ferrari merchandise king
1 Oct 2020
New one-off V12-powered Ferrari Omologata revealed
Ferrari

New one-off V12-powered Ferrari Omologata revealed

The Ferrari Omologata is a unique 812 Superfast-based coachbuilt special inspired by historic Ferrari racers
25 Sep 2020
New Ferrari Roma 2020 review
Ferrari Roma

New Ferrari Roma 2020 review

The new Ferrari Roma GT is the iconic Italian brand’s latest offering – and it’s a big improvement
7 Aug 2020
New Ferrari SF90 Stradale 2020 review
Ferrari SF90 Stradale

New Ferrari SF90 Stradale 2020 review

Has Ferrari mastered the hybrid supercar with the new SF90 Stradale?
17 Jul 2020

Most Popular

New DVLA service lets you order replacement logbooks online
News

New DVLA service lets you order replacement logbooks online

Around 500,000 replacement V5C logbooks are ordered every year; new service cuts waiting time from six weeks to five days
29 Sep 2020
New heavy-duty Ford Transit 5.0-tonne revealed
Ford Transit

New heavy-duty Ford Transit 5.0-tonne revealed

Beefed-up version of the Ford Transit can carry a payload of 2,383kg and support a gross vehicle weight of 5,000kg
30 Sep 2020
Honda Jazz vs Toyota Yaris
Hybrid cars

Honda Jazz vs Toyota Yaris

It's a battle for small hybrid supremacy as we test the Toyota Yaris against the Honda Jazz
28 Sep 2020