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Ferrari 250 GTO sells for $48.2million

Ferrari 250 GTO sells for $48.2million Classic and Performance Car

RM Sotheby’s has broken the record for most valuable car sold at auction, with  a 1962 Ferrari 250 GTO selling for $48.2m in Monterey

A Ferrari 250 GTO has once again taken the record as the most expensive car sold at auction, with chassis 3413 selling for $48.2million during RM Sotheby’s Monterey auction on 25 August. Driven into the room by Le Mans legend and Octane columnist Derek Bell, the GTO exceeded the previous record – set back in 2014 – by more than $10m.

Highlights from the previous night’s auction included the $21.5m sale of DP215, the one-off 1963 Aston Martin DP215 Grand Touring Competition Prototype. This car raced at Le Mans in 1963 with Phil Hill and Lucien Bianchi behind the wheel, and is widely regarded as one of the most significant aston Martin racers of all time. This was followed by 1966 Ford GT40 Mk II, chassis P/1016, which made $9,795,000.

During the auction, RM Sotheby’s announced that for the 2019 Monterey sale, it will partner with Aston Martin for a dedicated sale on the Thursday evening.

More on the 250 GTO

The third of 36 GTOs produced, chassis 3413 today features the later-style bodywork, but started life as a Series 1 GTO. While under factory ownership, it was driven by Phil Hill as a test car on the 1962 Targa Florio, before being sold. Its first owner, Italian gentleman racer Edoardo Lualdi-Gabardi, competed extensively throughout 1962. Winning nine out of ten races secured him the Italian National GT championship.
After a single hillclimb in 1963, chassis 3413 was then sold on to Gianni Bulgari, who went on to win his class in the 1963 Targa Florio, finishing fourth in total. At the end of ‘63 it was sold again, this time to Corrado Ferlaino. The Series 2 bodywork was fitted by Scaglietti in early 1964, before it was once again entered into the Targa Florio. Ferlaino won his class, finishing fifth overall.
During this time it never failed to finish a race and was never crashed, and today still retains its original engine, gearbox, and rear axle. It’s a well known example, and one that passed through a number of high-profile Ferrari collections in the UK before being exported to the USA by the current owner, Dr. Greg Whitten, in 2000. Rather than being locked away in a garage, chassis 3413 has taken part in various events over the previous two decades, including four of the 250 GTO tours. 
On the sale of his car, Dr. Whitten commented: ‘My journey with the 250 GTO has come to an end, but I am excited to see how this fantastic car is enjoyed by the new owner. They will have seen the seemingly unbelievable list of superlatives that are used to describe it – legendary, historic, holy grail – but I can assure them that once they get behind the wheel, they will understand that every one of them is true.’
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