Most Expensive Ferrari Ever Sold: 250 GTO From 1962
If you’re a fan of luxury cars, then you know that Ferraris are in a league of their own. And when it comes to the most expensive Ferraris ever sold, the 1962 250 GTO takes the crown. These iconic vehicles have not only captured the hearts of collectors and enthusiasts worldwide but have also fetched astronomical prices at auctions.
In this post, we’ll see the world of the most expensive Ferrari ever sold – the 1962 250 GTO. We’ll explore its fascinating history, its remarkable features, and the astronomical prices it has commanded at auctions.
Most Expensive Ferrari Ever Sold: 1962 250 GTO
The 1962 Ferrari 250 GTO is renowned as the most expensive Ferrari ever sold. This iconic car holds a unique place in automotive history, with its rarity, captivating design, and rich racing heritage. Let’s take a closer look at what makes this 1962 250 GTO so special.
1. Limited Production
Between 1962 and 1964, less than 40 Ferrari 250 GTOs were produced. Being part of such a limited production run immediately increases its desirability and value. Enzo Ferrari himself required potential buyers to be personally approved, further adding to the exclusivity of this remarkable vehicle.
2. Racing Heritage
The 1962 250 GTO has a storied racing history, which greatly contributes to its allure. These cars were built to dominate the tracks, and they did just that. The 250 GTO has proven its capabilities time and time again, competing in prestigious events and securing numerous victories throughout its racing career.
3. Astounding Prices
It’s no surprise that the 1962 250 GTO commands astronomical prices. With its rarity, racing pedigree, and timeless design, collectors and enthusiasts are willing to pay a premium to own a piece of automotive history. In fact, the most expensive Ferrari ever sold at auction was a 1963 250 GTO in silver blue, fetching a staggering $70.2 million in 2018.
4. Continued Appreciation
As with many prized collector cars, the value of the 1962 250 GTO continues to appreciate over time. These remarkable machines represent a pinnacle in automotive engineering, combining performance, beauty, and exclusivity. This appreciation in value further solidifies the Ferrari 250 GTO’s status as a true legend.
Record-Breaking Sale
The most expensive Ferrari 250 GTO, and indeed the most expensive car ever sold, is a 1962 model, chassis number 3851GT. This particular GTO has a storied history, including competition in numerous races and being owned by several prominent collectors. Its record price was achieved in a private sale in 2018, where it was sold for an astonishing $48.4 million at an RM Sotheby’s auction held in Monterey, California.
This sale shattered previous records and highlighted the 250 GTO’s unparalleled status in the collector car world. The price reflects not just the vehicle’s rarity and performance, but its provenance and the emotional pull it exerts on enthusiasts and collectors alike.
The Value of the 1962 Ferrari 250 GTO
The 1962 Ferrari 250 GTO holds an unmatched value among car enthusiasts and collectors. Here’s why:
- Exclusivity: With less than 40 ever produced, the 1962 Ferrari 250 GTO is a rare gem in the automotive world. Its limited production, combined with the high demand from collectors around the world, has significantly increased its value.
- Heritage and Racing History: The 1962 250 GTO boasts a rich racing history, with numerous victories in prestigious events. Its racing pedigree and storied past contribute to its allure and coveted status among car enthusiasts.
- Masterful Design: The captivating design of the 1962 250 GTO is a testament to automotive excellence and craftsmanship. Every curve and detail of this masterpiece exudes elegance, making it a truly iconic and timeless vehicle.
- Record-breaking Auction Prices: The 1962 250 GTO has consistently shattered auction records, with the most expensive one ever sold commanding an astronomical $70.2 million in 2018. This record-breaking sale further solidifies its status as the most valuable Ferrari ever.
- Increasing Value: Over the years, the value of the 1962 250 GTO has continued to rise. From lows of $2.5 million in the 1990s to its staggering price tag today, the appreciation in value underscores its desirability and enduring appeal.
Frequently Asked Questions
Why is the 1962 Ferrari 250 GTO so expensive?
Less than 40 1962 Ferrari 250 GTOs were produced, and buyers had to be personally approved by Enzo Ferrari.
How much is a 1962 Ferrari 250 GTO worth?
The 1962 Ferrari 250 GTO has sold for record-breaking prices. The highest recorded sale is $70.2 million in 2018.
Is a 1962 Ferrari 250 GTO the most expensive car ever sold at auction?
Yes, the 1962 Ferrari 250 GTO holds the record for being the most valuable car ever sold at auction, with a sale price of $70.2 million.
What was the highest sale on a Ferrari 250 GTO?
The highest recorded sale of a Ferrari 250 GTO was $70.2 million in 2018 at auction.
Hi! I’m Larry Gibbs, studying mechanical engineering with a focus on cars. I really love Ferraris and write blog posts about the latest car stuff. When not studying or blogging, I’m usually on a road trip exploring new places. I also enjoy playing football and watching movies. Life’s an adventure, and I’m all about enjoying the ride!
