Ferrari 250 GTO could fetch $45m

A Ferrari 250 GTO is heading to auction during Monterey car week with a huge estimate.

RM Sotheby’s Monterey Sale will feature a 1962 Ferrari 250 GTO valued at $45m (c£34m). It goes under the hammer during the Pebble Beach Concours d'Elegance as the most expensive car in auction history, according to RM.

The GTO’s lofty value comes courtesy of the model’s exclusive status (only 36 made production) and its billing as the prettiest Ferrari in history. Furthermore, with 300 race victories to the GTO’s name it’s ingrained in Ferrari folklore, serving to prop-up the sky-high estimate you see quoted here.

Subscribe to evo magazine

Subscribe today to have every issue of evo delivered straight to you. You'll SAVE 39% on the shop price, and get evo for its original cover price for a whole year!

> Ferrari 488 Pista review

Keen collectors will be happy to see chassis no. 3413 GT retains its original engine, transmission and gearbox. However, two years after leaving the factory it was reclad with the Scaglietti-penned, series 2 body.

Ferrari employed this example as a test car and entered it into the 1962 Targa Florio with Phil Hill at the helm, before delivering it to its first owner, with whom the famous race car collected nine wins from ten races in the 1962 Italian National GT championship.

In the following two years, under as many owners, the GT clinched class victories at the Targa Florio, as well. This specific GTO’s impressive record went some way to earning the model its indomitable motorsport reputation.

Following the contemporary Ferrari engine blueprint, the GTO had a carburettor-fed, 3-litre V12. With 296bhp on tap the GTO could reach speeds in excess of 170mph.

 > Ferrari 812 Superfast review

Speaking about the coveted classic, RM Sotheby’s car specialist Shelby Myers said: ‘Due to the evolution of technology and safety regulations that followed, the GTO was essentially the final true road racer, marking the end of an era when drivers really got their hands dirty. This was the last car that you could park in your garage, drive to the track, win the race, and then drive home.’

Recommended

£1.5m Ferrari Monza SP1 and SP2 lifted to 832bhp by Novitec
Ferrari

£1.5m Ferrari Monza SP1 and SP2 lifted to 832bhp by Novitec

13 Oct 2020
Ferrari Testarossa review, history and specs: TR generations driven back-to-back
Ferrari

Ferrari Testarossa review, history and specs: TR generations driven back-to-back

6 Oct 2020
Ferrari Omologata revealed – latest bespoke commission a V12 super coupe
Ferrari

Ferrari Omologata revealed – latest bespoke commission a V12 super coupe

25 Sep 2020
Ferrari 500 Superfast: review, history and specs
Ferrari

Ferrari 500 Superfast: review, history and specs

12 Sep 2020

Most Popular

Hyundai i20 N revealed – 200bhp supermini ready for some Ford Fiesta ST baiting
Hyundai i20 hatchback

Hyundai i20 N revealed – 200bhp supermini ready for some Ford Fiesta ST baiting

Long-awaited second N division model set to shake up the junior hot hatch establishment
20 Oct 2020
£153,000 ​Alfa Romeo Giulia GTA enters final stages of development
Alfa Romeo Giulia Quadrifoglio

£153,000 ​Alfa Romeo Giulia GTA enters final stages of development

Alfa Romeo has put its F1 drivers behind the wheel of the Giulia GTA and GTAm ahead of production in 2021
20 Oct 2020
Is this a new Porsche 911 Safari?
Porsche 911 coupe

Is this a new Porsche 911 Safari?

Tall ride height and wheelarch extensions suggest a surprise 911 derivative could be coming
22 Oct 2020
Alpine to become high-performance Renault offshoot
Alpine

Alpine to become high-performance Renault offshoot

Heated-up Renaults but no A110 replacement for Alpine as it follows in Cupra and Abarth footsteps
21 Oct 2020