1962 Ferrari 250 GTO Valued >$45 Million Will Be The Most Expensive Car Ever Auctioned

Ferraris are expensive. There’s no way around that. But some are more expensive than others. A new Portofino or 488, for example, will set you back a good quarter of a million dollars, while the few examples of the rare LaFerrari Aperta commanded a couple of million when it was available – and one went for $10 million, making it the most expensive new car ever sold. But even those sticker price pale in comparison to the car you see here.

It’s a 1962 Ferrari 250 GTO, which RM Sotheby’s expects it to sell for over $45 million. And that, boys and girls, stands to make this the most valuable car ever offered for auction.

With only 36 examples made and a legend as stellar as its timelessly beautiful bodywork, the 250 GTO is the Holy Grail of collector cars. But even in such rarified company, this one stands a cut above. Chassis number 3413 GT was only the third example produced, initially bodied with Series I coachwork. Phil Hill drove it in the Targa Florio, a legendary race at which this very car won its class the following two years running. It also propelled renowned customer racer Edoardo Lualdi-Gabardi to the Italian GT championship in ’62, winning nine out of ten races (and finishing 2nd in class at the one it didn’t).

After Lualdi-Gabardi bought another GTO the next year, he sold this one to Gianni Bulgari (of jewelry fame), who had it converted by Ferrari’s coachbuilder Scaglietti with Series II bodywork in ’64. In the decades since, it’s passed through the hands of several other collectors, ultimately landing in the collection of noted software architect Dr. Greg Whitten – head of Numerix and a former top dog at Microsoft. All the while it’s never been involved in an accident, and is presented in spectacular condition.

Hence the huge valuation, but even $45 million could end up proving conservative. Four years ago, Bonhams sold another GTO (chassis number 3851 GT) for over $38 million, which still ranks as the most ever paid for a car at auction. But values continue to climb in the years since, with one example having sold for $70-80 million just last month. We’ll be keeping our eyes peeled when this one crossed the auction block in Monterey at the end of August.

more photos...

Photos by Patrick Ernzen, courtesy of RM Sotheby’s, archive photos from the Klemantaski Collection

  • Bo Hanan

    Regardless of how much money you have spending $45 mil on a car is foolish.

    • TheHake

      Unless you’re planning on selling it for 70mil…

  • DR.FUNK

    Absolutely gorgeous from every angle.
    I shall commission a modernized replica with a SBC…and a targa top. BWAHAHAHA!

  • TheHake

    I definitely prefer the coupe body to the Berlinetta body. To me it’s just that little bit sexier.

    • The Series I? Yeah but for me the best is the father of those two, the 250 GT SWB.

      • TheHake

        Yes, the one like in the 2nd last picture. But I agree! The SWB just have perfect proportions! I have been lucky enough to have seen both in the flesh at Musea Ferrari and I saw another (white) SWB at an AutoWorld exhibition in Brussels.

  • Richard Sloman

    What happened to the GTO that was sold for $80m a few weeks ago? My maths aint great but $45m seems a little less than 80…

    • The GTO you mention was on private sales, generally private sales can go lower or higher than auction sales depending on what your car is. For example back in 2013 a private collector was rumored to purchase 250 GTO for $52 million but next year a 250 GTO was offered at an auction with hammer price of $38 million.

      Also the GTO that was sold for $70 millions has extensive winning history and also was one of the car used by Ecurie Francorchamps, this one does driven by Phil Hill but it doesn’t have that many winning history so that’s why it’s lower.

      • Richard Sloman

        Regardless of how it was sold it would still be a record high price if the seller was private or an auction house did the honours, either way its a little out my price bracket for now…

    • LouInPA

      Bought by WeatherTech founder/CEO David MacNeil

  • One of the reason why this car is stand out is that the car still has original engine, transmission and transaxle. Wouldn’t be surprised if it’s not sold by the estimate though.

  • Victor Ferreira

    Does it have no speedometer? That’s interesting. It’s amazing how these cars continue to appreciate.

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