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1962 Ferrari 250 GTO Could Sell for $75M

1962 Ferrari 250 GTO 1 photo
Photo: Bonhams
If you recall, there’s a certain 1962 Ferrari 250 GTO that will be auctioned off at no reserve tomorrow at the Bonhams auction as a part of Pebble Beach Concours d’Elegance, and it is expected to be the most expensive car ever sold at auction. Well, other than the fact that the current record is close to $30 million (€22.4 million), there’s really no telling how much higher this car could get.
While we’ll have to wait until tomorrow’s auction to know how much money someone is willing to spend on a car, Bloomberg reports that the expected pricing seem to vary a bit when it comes to this particular 1962 Ferrari 250 GTO, chassis no. 3851GT. Although Bonhams’ own estimate is between $30 million and $40 million (€29.9 million), Hagerty thinks that this well-documented, low-mileage example could end up somewhere in the $60 million (€48.6 million) to $75 million (€56.1 million) range. Even at the lower end of this price estimate, that would well exceed the $52 million (€56.1 million) a 1963 Ferrari 250 GTO sold for privately in 2013.

The lure of this particular Ferrari is its history. Chassis no. 3851GT was the 19th Ferrari GTO and the 17th 250 GTO ever built, and it was purchased in 1962 by a French privateer Jo Schlesser. Schlesser raced the car in the 1962 Tour de France Automobile where it racked up 3,418 miles on its way to a second-place finish.

This Ferrari 250 GTO was eventually purchased by Fabrizio Violati in 1965, and it will be among 10 cars from Violati’s Maranello Rosso collection that will be auctioned off tomorrow. This collection also includes a 1958 Ferrari 250 GT Cabriolet, a 1978 British Grand Prix-winning Ferrari F1 racecar and a 1969 Ferrari Dino 206 GT.
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