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Ferrari 250 GTO Becomes Most Expensive Car Ever Sold

At RM Sotheby’s Monterey auction, a 1962 Ferrari 250 GTO was sold for 48.405m US Dollars. For the past 18 years the car had been owned by Microsoft Software Architecht Greg Whitten. Bidding started at 30m US dollars.

The Ferrari 250 GTO is acknowledged as being one of the most significant racing cars of all times. The first owner of this specific car, Edoardo Lualdi-Gabardi, was one of the most successful Italian privateers on track and in hillclimbs. With it he took the class win in the 1962 Italian GT Championship. Second owner, Gianni Bulgari, took first in class and 4th overall at the 1963 Targa Florio and the third owner, Corrado Ferlaino, repeated that class victory and came 5th overall at the same gruelling endurance race the year after with the modified bodywork.

The price is well over 10 million more than the previous record but 21.5 million less than the reported 70m dollars for which the silver ex-Pierre Dumay and Léon Dernie Series I GTO traded for. They say the 250 is one of the most special cars ever built. You’d hope so with that price! Only 36 examples of the road racer were ever built back in 1962 up until 1964.

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