We recently posted that an ex-factory 1962 Ferrari 250 GTO would hit the auction block and potentially set a record. Now, the auction has concluded with an awe-inspiring bang, a pivotal piece of automotive history modified hands as an important Ferrari 250 GTO ever produced found a brand new owner for a staggering $51.7 million, setting a brand new record for any Ferrari sold at auction.
Despite initial expectations reaching $60 million, the ultimate hammer price of $47 million proved to be somewhat of a steal for this exceptionally rare 250 GTO. When accounting for extra fees, the whole sum soared to $51.7 million, eclipsing the previous record set by a 1962 Ferrari 250 GTO sold by RM Sotheby’s, which fetched $48.4 million, fees included.
What sets this Ferrari apart isn’t only its rarity but in addition its unique history. Originally equipped with a 4.0-liter V12, it stands as the only Scuderia-raced GTO to boast such an engine. Following its participation in Le Mans, the factory replaced the engine with a typical 3.0-liter unit. In 1963, a privateer acquired the modified vehicle for racing purposes.
The journey of this iconic 250 GTO continued because it made its method to the US in 1985, where the present owner took possession. Through the years, the automobile wasn’t only a static collector’s piece; it hit the vintage racing circuit and graced the stages of prestigious auto shows. Notably, it clinched the Better of Show title on the 2011 Amelia Island Concours d’Elegance.
A major aspect of this auction was the inclusion of official construct sheets, meticulously detailing the automobile’s preparation for racing at renowned tracks just like the Nürburgring and Le Mans, in addition to the factory-performed 250 GTO conversion. This extensive documentation not only serves as a testament to the automobile’s racing pedigree but in addition enhances its historical provenance, potentially elevating its allure and value within the eyes of discerning buyers.
On this planet of classic cars, the sale of this Ferrari 250 GTO stands as a testament to the enduring appeal and value placed on automotive icons which have left an indelible mark on racing history.
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This Article First Appeared At www.automotiveaddicts.com