Ferrari 250 GTO could become world’s most expensive vehicle

23 Juin, 2018, 17:34 | Auteur: Auguste Feret
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No, it's not a typo, and that figure is not missing a decimal point.

The 1962 250 GTO is the third of just 36 that were made.

But elegance and scarcity aren't the only standouts on the 250 GTO's resume.

The Ferrari 250 GTO could be on the auction market for $65m.

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A 1962 Ferrari 250 GTO is expected to be auctioned for a world record $45 million or more. Occurring every five years since its inception, the meeting is a glorious driving and dining tour across the country of their choosing, and the only entry into this exclusive club is ownership; making the GTO the hottest ticket in the collector auto world. Phil Hill drove it in the Targa Florio, a legendary race at which this very auto won its class the following two years running. It began its life as a Series I vehicle and claimed victory in all but one of ten races entered in 1962.

Before it was sold to its first owner, Ferrari deployed a certain Phil Hill - 1961 Formula 1 world champion, no less - to use it as a test vehicle ahead of the 1962 Targo Florio.

Mr Bulgari, along with the next owner Corrado Ferlaino, campaigned the GTO in the 1963 and 1964 Targo Florio, winning in its class. At the time, the GTO was described by the auction house as "the most valuable vehicle ever to be sold at auction." . Across its history, the Ferrari entered and finished 20 races, all without incident. It still has its original engine, gearbox, and rear axle, as well as the Scaglietti Series II body with which it was equipped in 1964.

No doubt the current owner, Dr. Greg Whitten, will be hoping that the combination of classic beauty, racing pedigree and sonorous 3.0-litre V12, plus the car's status as a modern auction icon, will all set the stage for a record-breaking bidding war. It'll be offered up for auction at its Monterey sale towards the end of August, where it might just become the most expensive auto ever sold at auction, eclipsing the $38m paid for... a 250 GTO back in 2014. Under Dr. Whitten's ownership, the GTO has competed in vintage events around the world over the last two decades, as well as four of the lauded GTO anniversary tours.



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