Welcome at RacingNews365

Become part of the largest racing community in the United Kingdom. Create your free account now!

  • Share your thoughts and opinions about F1
  • Win fantastic prizes
  • Get access to our premium content
  • Take advantage of more exclusive benefits
Sign in
Ferrari

Rare Ferrari becomes second-most expensive car sold in auction

A Ferrari 250 GTO fetched a hefty sum at an auction in New York, making it one of the most expensive cars in the world to own.

13ferrari auction 02 jumbo jpg
Article
To news overview © Sotheby's

A rare Ferrari GTO has been sold for $51.7 million in New York City to become the second-most expensive ever sold at an auction.

The Ferrari 330 LM/250 GTO by Scaglietti - the coveted Italian coachbuilder - is one of the only Scuderia-raced GTOs to have a V12 engine- raced at the Nurburgring 1,000km race where it finished second overall.

It was initially offered by RM Sotheby's for an unpublished estimate of $60million before two bidders drove the price up to $47million, before auction-house fees.

Ferrari heritage

The car was due to race the Le Mans 24 Hours in 1962 but failed to compete due to overheating issues.

It was eventually bought by an owner in the United States in 1985, where it competed in vintage racing on the high-end auto show circuit. It was also awarded a Best in Show win at the 2011 Amelia Island Concours d'Elegance.

Previously, the record for the most expensive car was held by another Ferrari 250 GTO, which took $48.4 million at an RM Sotheby's auction in 2018.

The price of the 1962 Ferrari GTO is only surpassed by a Mercedes 300 SLR Uhlenhaut Coupe, which went for €135 million in 2022.

Join the conversation!

x
LATEST Verstappen sets Red Bull benchmark as 'every little detail matters'