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

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
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

Most Popular

'Nissan has been quietly building an advantage over electric car rivals'
Opinion Nissan EV
Nissan

'Nissan has been quietly building an advantage over electric car rivals'

Steve Fowler thinks Nissan is in a great position to build on the Leaf's success
8 Apr 2021
New Citroen C5 X flagship crossover set to offer ‘ultimate comfort’
Citroen C5 X - front
Citroen C5

New Citroen C5 X flagship crossover set to offer ‘ultimate comfort’

The new flagship Citroen C5 X will arrive with petrol and plug-in hybrid power, and looks set to cost from around £27,000 when it arrives in the UK in…
12 Apr 2021
Volkswagen Golf GTD vs BMW 120d
VW Golf GTD vs BMW 120d - main
Volkswagen Golf GTD Hatchback

Volkswagen Golf GTD vs BMW 120d

Can the Volkswagen Golf GTD or BMW 120d prove diesel isn't dead?
10 Apr 2021