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History was made on Monday, November 13th when a 1962 Ferrari 250 GTO sold for $51,705,000, setting a new world record for the most expensive Ferrari ever sold at auction.
This ‘Holy Grail’ of cars was last sold in 1985 and has been with a single owner since. Back in 1985, it sold for just $500,000. Going back to 1964, it was sold for only $6,000. If you’re doing the math at home, that’s a 8617.5x markup on the 1964 sale…
What makes this 1962 Ferrari 250 GTO a ‘Holy Grail’ in the auto industry is its history. This particular 1962 Ferrari 250 GTO is the only one ever raced by Scuderia Ferrari which was the company’s racing arm at the time. That makes this a ‘One of One’ in the eyes of Sotheby’s Auction House who sold the vehicle.
Furthermore, there are only 36 Ferrari 250 GTOs that exist at all in the world. So not only are there just 36 of these vehicles on planet earth, this is the ONLY ONE that was raced by Scuderia Ferrari. Apparently, that rich history was enough to spur bidders to drive the auction price up to $51,705,000 and set a new world record for the most expensive Ferrari ever sold in history.
Here is the moment it was sold at auction by Sotheyby’s Auction House:
@trackshaker SOLD $51,705,000💰1962 Ferrari 250 GTO sells just minutes ago for final bid of $47 million, nearly $52 million with buyer’s premium #ferrari250 #billionaire #collectorcar #classiccar
Several days ago, Sotheby’s shared a YouTube Shorst showing the Ferrari driving on the road. Watch this withe sound ON to hear the engine roaring:
On Instagram, Sotheby’s boasted about the rich history of the now record-setting 1962 Ferrari 250 GTO.
In the caption, they write about how this incredible Ferrari secured a “2nd overall finish at the 1962 Nürburgring 1000 KM. It was piloted by Mike Parkes and Lorenzo Bandini for Scuderia Ferrari at the 1962 24 Hours of Le Mans, and also secured the position of runner-up in the 1965 Sicilian Hillclimb Championship.”
According to the NYTimes, Sotheby’s Auction House has declined to share details on the buyer which is a shame. Surely, as the years wear on someone will reveal themselves to be the owner of this 1-of-1 Ferrari and the world will be able to appreciate their purchase but for now they wish to remain anonymoush.