A 1962 Ferrari 250 GTO has been auctioned in New York for $51.7 million. This is the second most expensive car ever sold at auction.
The car was owned for 38 years by an American collector, who bought the Ferrari privately in 1985 for approximately $500,000. It went under the hammer on Monday evening in New York at the Sotheby’s auction house. With a final auction price of 51.7 million euros, the sports car beat the amount paid for another 250 GTO in 2018. It then raised ‘only’ $48 million.
According to experts, the sky-high price for the classic car can be explained by the rarity of the type of car, coupled with its sporting performance in a glorious past. The Ferrari was one of 34 in its category ever produced by Ferrari and one of only two GTO models that Ferrari’s own racing team, Scuderia Ferrari, raced (and won) at iconic circuits such as the Nürburgring and Le Mans in the early 1960s. .
Just under $52 million is a lot to pay. But the auction house and the buyer had expected more: the asking price was 60 million dollars. Moreover, this Ferrari remains far behind the absolute record that was ever paid for a car at auction, namely 135 million euros. Last year, a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé was auctioned for that price, one of only two ever produced.