Jeremy Cliff @2023 Courtesy of RM Sotheby’s
- This car set a record for a Ferrari sale price at auction.
- It’s the only 1962 GTO campaigned by Scuderia Ferrari.
- The auction took place at RM Sotheby’s in New York on November 13, 2023.
There’s a new most-expensive Ferrari and, yes, it’s a 250 GTO. This 1962 example was just sold by RM Sotheby’s for $51,705,000. This result eclipses former headline-making Ferrari sales, including a $48.4 million 250 GTO 2018 Monterey sale, an ex-Stirling Moss 1957 335S that brought $35.8 million in 2016, and a $38 million 250 GTO that sold in Monterey in 2014.
Jeremy Cliff @2023 Courtesy of RM Sotheby’sThis latest car, which Sotheby’s lists as a 330 LM/250 GTO, is the only 1962 GTO raced by Scuderia Ferrari. The car had its debut outing at the May 1962 Nürburgring 1000 KM, where it finished first in its class and second overall.
In response to a change in Le Mans rules for 1962, the original 3.0-liter engine was replaced by a 4.0-liter V-12 for the 24 Hours—and this is the only 250 GTO ever factory fitted with the larger 4.0-liter engine. Unfortunately, the car went off the track early in the race and later overheated and DNF’d.
Jeremy Cliff @2023 Courtesy of RM Sotheby’sThe car was then sold to an Italian privateer, for whom Maranello swapped out the 4.0-liter engine for a 3.0-liter V-12, paired with a five-speed gearbox, and the car retains that powertrain to this day.
In 1967, the Ferrari found its way to the United States. It has been featured at events throughout the past decades while in the care of several long-term owners, including the seller, who has had the car for 38 years. All these factors no doubt worked to bolster the selling price.
