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Maranello, 27 August 2018 – A 1962 Ferrari 250 GTO that was bid to $48,405,000 at the RM Sotheby’s sale at Monterey, California has become the most valuable car ever sold at public auction, beating the previous record for a 250 GTO – $38,115,000 – set in 2014.
The car sold on Sunday is the third of 36 250 GTOs built and is one of four early cars subsequently converted by the Scaglietti coachworks in 1964 with more aerodynamic bodywork designed by Pininfarina.
The Ferrari 250 GTO is acknowledged as being one of the most significant racing cars of all times. The first owner of this specific car, Edoardo Lualdi-Gabardi, was one of the most successful Italian privateers on track and in hillclimbs. With it he took the class win in the 1962 Italian GT Championship. Second owner, Gianni Bulgari, took first in class and 4th overall at the 1963 Targa Florio and the third owner, Corrado Ferlaino, repeated that class victory and came 5th overall at the same gruelling endurance race the year after with the modified bodywork.
Monterey, CA (25 August 2018) – Tonight in Monterey, California RM Sotheby’s made auction history when a 1962 Ferrari 250 GTO, chassis no. 3413 GT, long considered to be the ‘holy grail’ of the collector car world sold for $48.4 million (Rs. 338 crore), becoming the most valuable car ever sold at auction. There were cheers and applause when five-time Le Mans winner Derek Bell stepped out of the car after driving it across the auction block in front of an overflowing salesroom, followed by gasps as auctioneer Maarten ten Holder opened the bidding at the unprecedented level of $35 million. Three collectors bidding via telephone competed for the car, sometimes moving in million dollar increments before it hammered after nearly ten minutes for $44 million, or $48,405,000 with fees.
The numbers-matching GTO was offered with its original engine, gearbox, rear axle and factory Series II body after two decades in the collection of noted businessman, Ferrari enthusiast, and vintage race driver Gregory Whitten, Dr. Whitten commented:
“My journey with the 250 GTO has come to an end, but I am excited to see how this fantastic car is enjoyed by the new owner. They will have seen the seemingly unbelievable list of superlatives that are used to describe it – legendary, historic, holy grail – but I can assure them that once they get behind the wheel, they will understand that every one of them is true.”
The remarkable 1962 Ferrari 250 GTO, chassis no. 3413 GT, is the third of a mere 36 examples built, and arguably one of the purest and best of the breed. The GTO began its life as a Series I automobile and was used as a test car by Phil Hill for the 1962 Targa Florio road race, before proceeding to win 1st in class at the event for the next two years. This led the car to claim the 1962 Italian National GT Championship, with victories in 9 out of 10 races.
The sale also saw exceptional results for sports cars and sports-racers, including the 1957 Porsche 550A Spyder that soared over the high estimate to sell for $4.9m, and a 1956 Maserarti A6G/2000 Zagato which fetched $4.5m. Modern super cars showed continued strength with a U.S.-spec Ferrari F40 selling for $1.7m, and the Mercedes-Benz AMG CLK GTR setting a new record for the model at $4.5m.
- Results are listed in USD and include buyer’s premium.
- The previous record for the most valuable car sold at auction was $38,115,000 for a 1962-63 Ferrari 250 GTO.
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