Factory-Owned Ferrari 250 GTO Auction Breaks Records

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【Summary】The only factory-owned Ferrari 250 GTO will be auctioned, expected to sell for over $60 million, possibly surpassing the current record of $70 million for a private sale. The standalone auction during an art sale in New York and the car's unique history add to its appeal.

FutureCar Staff Oct 12, 2023 9:30 AM PT

Factory-Owned Ferrari 250 GTO Auction Breaks Records

A highly sought-after 1962 Ferrari 330 LM / 250 GTO by Scaglietti is set to be auctioned off by RM Sotheby's on November 13th, 2023. With estimates already surpassing $60 million, this remarkable vehicle is expected to break records and potentially become the most expensive Ferrari ever sold. Surpassing the current record of $70 million, which was achieved through a private sale in 2018 for a 250 GTO.

Unlike the previous private sale, this auction will be open to the public. This is expected to attract even larger bids, as it is a standalone auction specifically dedicated to this car during the auction house's prestigious Modern and Contemporary Art sales in New York. The car's exceptional history further adds to its allure, ensuring that it will be a highly sought-after item.

Within the auction, the Ferrari 330 LM / 250 GTO will be displayed alongside other iconic objects such as jewelry, paintings, and clothing. This placement among such esteemed items serves as a testament to the car's status as a true work of art, solidifying its position as Ferrari's most famous sports car.