A 1962 Ferrari 250 GTO has become the second-most expensive car ever sold at auction, fetching $51,705,000 at Sotheby’s in New York. The classic red chassis, once a Ferrari works racer and later refitted for road use, was owned by an American collector for the past 38 years. The car, chassis number 3765, was initially built for the racetrack and featured a larger, experimental 4-liter capacity engine. It finished second in the 1962 1,000 km endurance race on the Nürburgring Nordschleife circuit and later underwent restoration, converting to road-going specs. The buyer of the iconic vehicle remains unidentified.
A 1962 Ferrari 250 GTO was sold at auction for $51,705,000 at Sotheby’s in New York, making it the second-most expensive car ever sold at auction.The 250 GTO is a legendary and highly sought-after model, known for its racing pedigree and limited production. It is considered one of the most iconic and valuable Ferraris.Chassis number 3765, initially built for racing, participated in events like the 1962 1,000 km endurance race on the Nürburgring Nordschleife and the 24 Hours of Le Mans.
After its racing career, the car underwent restoration and was converted to road-going specifications, featuring a standard 3-liter engine.The 250 GTO is famous for its performance, racing successes, and distinctive design. It has held the reputation as one of the most expensive cars in the world.While the recent sale is significant, the record for the highest-priced car sold at auction was set by a 1955 Mercedes 300 SLR Uhlenhaut Coupe, which fetched €135 million in 2022. The 250 GTO is known for its limited production, and its exclusivity, combined with its racing heritage, contributes to its high value among collectors.
The sale of the 1962 Ferrari 250 GTO underscores the enduring appeal and value of classic and iconic cars, especially those with a rich racing history and limited production. The 250 GTO has become a symbol of automotive excellence and remains a prized possession for collectors worldwide.
