Factory-Owned Ferrari 250 GTO Auction Record

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【Summary】A factory-owned Ferrari 250 GTO from 1962 is set to break auction records, with estimates suggesting it could sell for over $60 million. The car's unique history and its inclusion in an auction of Modern and Contemporary Art in New York could attract even higher bids, potentially surpassing the current record of $70 million for a private sale of a 250 GTO in 2018. This highlights the car's status as a true work of art.

FutureCar Staff Oct 12, 2023 6:21 AM PT

Factory-Owned Ferrari 250 GTO Auction Record

A rare 1962 Ferrari 330 LM / 250 GTO by Scaglietti is set to be auctioned off by RM Sotheby's on November 13th, 2023. Experts predict that this exceptional vehicle could fetch over $60 million, making it one of the most expensive Ferraris ever sold. In fact, there is a possibility that it could even surpass the current record holder, a 250 GTO that was sold privately for $70 million in 2018.

Unlike the previous private sale, this auction is expected to attract even larger bids. The fact that this particular auction is dedicated solely to the Ferrari 330 LM / 250 GTO adds to its appeal. It will take place during RM Sotheby's prestigious marque sales of Modern and Contemporary Art in New York, which further enhances the car's desirability.

The Ferrari 330 LM / 250 GTO will be showcased alongside other iconic items such as jewelry, paintings, and clothing. This placement emphasizes the car's status as more than just a vehicle; it is truly a masterpiece of art.