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 our exclusive new offer and SAVE 39% on the shop price, get evo for its original cover price of £3.00 an issue, plus get a FREE gift worth £20!

> 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.

Advertisement - Article continues below

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.’




Top 10 most expensive cars ever sold at auction

21 Jan 2020

Ferrari F50 – review, history, prices and specs

6 Jan 2020

New Ferrari Roma: 612bhp, 198mph GT car joins the range

14 Nov 2019

Ferrari F8 Spider revealed with 710bhp

8 Sep 2019

Most Popular


BMW M5 F90 vs E28 M5, RS6, E500 and Lotus Carlton: supersaloons old vs new

From the first to the very latest, we take a dive into the history of the supersaloon with the 1985 BMW M5 E28 and other classics taking on today's mo…
4 Apr 2020
Honda NSX

Honda NSX review - enough to take on its European rivals?

Honda’s supercar is immensely capable and startlingly fast, but it’s easier to respect than it is to love
6 Apr 2020
Lamborghini Huracan

Lamborghini Huracán Performante gains twin turbochargers

US-based AMS Performance has fitted a pair of snails to the Lamborghini Huracán Performante
6 Apr 2020
Hyundai i30 N

Hyundai i30 Fastback N versus the Nurburgring

We brought the Hyundai i30 Fastback back to its spiritual home in Germany's Eifel mountains, where there is a racing track you might well have heard o…
7 Oct 2019