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Reading: 1962 Ferrari 250 GTO Sells for $51.7 Million, Becoming Second Most Expensive Car at Auction
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1962 Ferrari 250 GTO
PhotoNews Pakistan > Offbeat > 1962 Ferrari 250 GTO Sells for $51.7 Million, Becoming Second Most Expensive Car at Auction
Offbeat

1962 Ferrari 250 GTO Sells for $51.7 Million, Becoming Second Most Expensive Car at Auction

Web Desk
By Web Desk Published November 14, 2023 2 Min Read
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1962 Ferrari 250 GTO Auctioned by RM Sotheby. Photo: @AR12Gaming (X)
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At an auction in New York, a 1962 Ferrari 250 GTO sports car fetched a staggering $51.7 million, becoming the second most expensive car ever sold at auction, as announced by Sotheby’s. This iconic bright red roadster, previously owned by an American collector for 38 years, was only outpriced by a Mercedes 300 SLR Uhlenhaut Coupe sold for 135 million euros ($144 million at current exchange rates) in 2022.

1962 FERRARI SOLD FOR $51.7-M AT NEW YORK AUCTION

LOOK: A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, 13 November 2023, making it the second most expensive car ever sold at auction, Sotheby's said.

The roadster had been the property of an… pic.twitter.com/YKqJGnsRck

— Daily Tribune (@tribunephl) November 13, 2023

Despite being sold for less than the anticipated $60 million, the 250 GTO, featuring a four-litre engine with 390 horsepower, has a remarkable history. Chassis 3765, known in the racing community, achieved second place in the 1,000 km endurance race at Germany’s Nurburgring circuit and participated in the 24 Hours of Le Mans before withdrawing due to an engine failure. After its competitive tenure in Italy and Sicily, the car was exported to the US in the late 1960s.

A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, Sotheby's sayshttps://t.co/zQaq0mam1s pic.twitter.com/ZpqTbMGZPa

— AFP News Agency (@AFP) November 14, 2023

The Journey and Restoration of the Ferrari 250 GTO

Having undergone restoration and modifications, the 250 GTO changed hands among various American owners before being acquired by an Ohio collector in 1985. This collector was responsible for selling the car at Monday’s auction. The sale of this historic vehicle not only marks a significant event in car auctions but also celebrates the rich legacy of the Ferrari 250 GTO in motorsports history.

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