Ferrari 250 GTO Could be the Most Expensive Car Ever Sold at Auction

As evidence that classic car prices are continuing their record climb, the 1962 Ferrari 250 GTO that you see above is expected to become the most expensive car ever to be sold at an auction. Yes, that would put it even higher than Juan Manuel Fangio's 1954 Mercedes-Benz W196R Formula One race car that sold last year for a cool $29.7 million (€32.2 million) at the Goodwood Festival of Speed.
1962 Ferrari 250 GTO 1 photo
Only 39 examples of the Ferrari 250 GTO were ever built, and chassis no. 3851GT will be on display during the Monterey Pre-Reunion festivities on August 9-10 before heading to the Bonhams Quail Lodge Auction on August 14 where it will be sold with no reserve.

Collectors around the world are eagerly awaiting auction day to see what the market will command for such a historically significant and rarely available automobile. There is no reserve on this car, meaning that it will be sold to the highest bidder regardless of what that bid is. And what better way to showcase it than in front of racers and collectors who are at the Monterey Pre-Reunion,” said Mark Osborne, head of motoring for Bonhams in the U.S.

As with any classic Ferrari, part of the value of this car 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 will be sold along with nine other Ferraris in the Maranello Rosso Collection, and even for those who aren’t fortunate enough to be able to afford its record price tag, the car will be out for all to see at the Bonhams Turn 4 chalet.

press release

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