Unless you’ve been living under a rock for the past few years, you’ll know by now that Ferrari 250 GTOs will change hands for tremendous amounts of money. This 1962 example will most likely add itself to the list of most expensive cars ever.

Photography: Patrick Ernzen for RM Sotheby’s, Diederik Lieftink, Ferrari and Other Things

What makes the 250 GTO so special?

There are just a few cars you could name legendary, because of their innovations or successes, the latter mainly in motorsport. Take the F40 for example. When Enzo received feedback from customers about his cars getting a bit boring, he decided to create the perfect goodbye-car before passing away a year later. It now has the degree of the perfect poster car, and remains a dream car for many. The F40 also had successes in motorsport, click here to read more about the F40 race cars.

The Jaguar E-type was dubbed as ‘’the most beautiful car to ever hit the streets’’, by Enzo himself. The E-type was based on the D-type, which was an extremely successful Le Mans competitor.

The 250 GTO is as special, if not, even more special than the F40. Ferrari revealed the car in 1962 for homologation into the Group 3 Touring Car Championship and became very successful by winning the International Championship for GT Manufacturers (over 2.0-L engine size) three years in a row: 1962, 1963 and 1964.

Why this 250 GTO is so expensive

Compared to rumoured prices in private deals, this example is actually a bargain. In early June of this year, a 250 GTO (chassis 4153GT) was sold for $70.000.000. Then again, it’s a private deal, so you can never be 100% sure about those prices. This 250 GTO (chassis 3413GT) is the most valuable car ever offered at an auction and headlines the RM Sotheby’s Monterey auction on the 24th and 25th of August.

It left the factory in 1962 as the third 250 GTO Series I built, and was converted into a Series II in early 1964. This Series II conversion was done by Scaglietti, who would go on and change a total of four Series I cars into Series IIs.

Very successful example

The first appearance of the car was at the 1962 Targo Florio, where Phil Hill (1961 F1 champion) tested the car. The first victory of the car was with Italian racing driver Edoardo Lualdi-Gabardi behind the wheel. He finished first in the 1962 Italian GT Championship. This GTO won several Targio Florio’s, the 1964 Coppa F.I.S.A. and participated in multiple hill climbs.

Lualdi-Gabardi was the typical gentleman racer and one of Ferrari’s closest customers. He used his 250 GTO in ten races, won nine of them and finished second in the one (the Parma-Poggio di Bercerto Hill Climb) he didn’t win. As impressed as he was by this particular car, he sold it in 1963 to Gianni Bulgari and bought another 250 GTO (chassis 4091GT).

“This was the last car that you could park in your garage, drive to the track, win the race, and then drive home.”

— Shelby Myers from RM Sotheby’s

The car is far from being a garage queen and still wears its original engine, gearbox and rear axle. The current owner, said to be Greg Whitten, bought the car in 2000 for just $7.000.000. The well-known auction house now estimates the cars’ value between $45.000.000 – $60.000.000.

%d bloggers like this: