Over the weekend, a Sotheby’s auction was held, and at the event was an extremely rare Ferrari. The car was a 1962 Ferrari 250 GTO, and it sold, with buyer’s premium, for an astonishing $48,405,000. This sale set a world record for the most expensive car ever sold at auction. This particular vehicle, chassis 3413 GT, was originally a test car used by Ferrari.
Racing Pedigree and Historical Significance
The 1962 Ferrari 250 GTO is not just any classic car; it is a piece of automotive history with a rich racing pedigree. It was the third of 36 250 GTOs built and had a lot of racing history under its belt. The car had been driven by F1 champ Phil Hill during the 1962 Targa Florio. That same year, the car won the Italian GT championship and was first in class at the 1963 and 1964 Targa Florio. These achievements underscore the car’s exceptional performance and engineering.
The Targa Florio, a grueling endurance race held in the mountains of Sicily, was one of the most challenging races of its time. Winning this race was a testament to the car’s durability and the skill of its drivers. The Ferrari 250 GTO’s success in such demanding conditions further cemented its status as a legendary racing machine.
Rarity and Unique Features
This is only the third Ferrari 250 GTO to go on sale since 2000, highlighting its rarity and desirability among collectors. The car is also one of only four GTO cars to have been upgraded in period by Scaglietti with Series II GTO/64 coachwork. Of the 36 250 GTOs built, only seven received this bodywork, making this particular model even more unique.
The Series II GTO/64 coachwork by Scaglietti featured a more aerodynamic design, which improved the car’s performance on the track. This upgrade included a sleeker front end, a more pronounced rear spoiler, and other subtle changes that enhanced the car’s overall aesthetics and functionality. These modifications not only made the car faster but also more visually striking, adding to its allure.
The Ferrari 250 GTO’s rarity is further compounded by its impeccable condition. Many of these cars have been meticulously maintained or restored to their original glory, ensuring that they remain in top-notch condition. This attention to detail and preservation is a testament to the passion and dedication of their owners.
Investment and Collectibility
The sale of this Ferrari 250 GTO for $48,405,000 is a clear indication of the car’s value as an investment. Classic cars, especially those with a rich racing history and limited production numbers, have become highly sought-after assets. Collectors and investors are willing to pay top dollar for these rare gems, knowing that their value is likely to appreciate over time.
The Ferrari 250 GTO’s record-breaking sale also reflects the broader trend in the classic car market, where rare and historically significant vehicles are fetching unprecedented prices. This trend is driven by a combination of factors, including the car’s provenance, condition, and the increasing interest in automotive history.
The 1962 Ferrari 250 GTO that sold at Sotheby’s auction for $48,405,000 is a remarkable example of automotive excellence. Its rich racing history, rarity, and unique features make it a highly coveted collector’s item. This sale not only set a new world record but also underscored the enduring appeal and value of classic cars.
via Carbuzz
Latest Geeky Gadgets Deals
Disclosure: Some of our articles include affiliate links. If you buy something through one of these links, Geeky Gadgets may earn an affiliate commission. Learn about our Disclosure Policy.
