Login
My Garage
New hero

The Most Expensive Ferrari Ever Sold: The Story of the Iconic 1962 Ferrari 250 GTO

By Mathilda Bartholomew | November 15, 2023

Share

Why not leave a comment?

See all | Add a comment

A 1962 Ferrari fetched an unprecedented $51.7 million (£42 million) at a Sotheby's auction in New York.

The remarkable red 330 LM/250 GTO model, the sole GTO Tipo 1962 raced by Formula 1's Scuderia Ferrari, has clinched the title of the most valuable Ferrari and the second-highest-priced car ever auctioned.

Termed a "once-in-a-generation" acquisition, the iconic vehicle, bearing chassis number 3765, changed hands after nearly four decades in private ownership.

Beyond its record-breaking sale, this model boasts a legendary racing history, securing second place at the 1962 Nürburgring 1,000km in Germany and achieving a second-place finish in the GTO class at the 2011 Pebble Beach Concours d'Elegance.

Previously owned by a Ferrari Club of America chairman, the "Holy Grail" hypercar earned accolades such as an FCA Platinum Award, the Coppa Bella Macchina at the Cavallino Classic, and a Best of Show at the Amelia Island Concours d'Elegance in Florida.

Driven by Mike Parkes and Lorenzo Bandini for Scuderia Ferrari at the 1962 24 Hours of Le Mans race, it also secured the runner-up position in the 1965 Sicilian Hillclimb Championship.

Gord Duff, RM Sotheby's global head of auctions, remarked, "Celebrating this sale during Sotheby's marquee week highlights the unparalleled stature of this Ferrari as one of the world's most desirable objects." He added, "Now, it ranks among the most expensive cars sold at auction, a true testament to its singular place in history."

This collector's gem is among the rarest and most coveted sports cars, with only 36 models produced from 1962 to 1964, as reported by Forbes.

Related Articles

England’s most hated motorway revealed for 2025
England’s motorway satisfaction is dropping. Find out which roads rank lowest and what drivers are really saying.
Jul 11, 2025
Range Rover just got a bold new logo
Range Rover has a fresh new look. Here’s what’s changing, what’s staying, and why it matters as the brand goes electric.
Jul 10, 2025
The Rimac Nevera R just became the fastest electric car ever
Looking for the world’s fastest electric car? The Rimac Nevera R just hit 268 mph and crushed 24 records. Check out its jaw-dropping specs...
Jul 10, 2025
Emerging Electric Vehicle Brands: Essential Insights
If none of these names sounds familiar, well done: you’re precisely the kind of individual these brands are eager to attract
Jul 10, 2025