Thecurrent record of $38.1 million, also for a ’62 250 GTO, sold at Bonhams’ auction during Car Week in 2014. The 250 GTO is, of course, the last word in collectible Ferraris. The final iteration of the much-adored 250 that Ferrari introduced in 1953, the GTO is considered the holy grail of classic ownership for a few reasons, not limited 1962Ferrari 250 GTE Series II. 3000cc · Petrol · 70,555 Kilometres · Manual · 4 speed. International. LHD. A1962 Ferrari 250 GTO, the most valuable car ever offered at auction, is displayed during a preview at Sotheby’s in New York on November 2, 2023. but at a price lower than the more than $60 In2018, a record price was paid at auction for a classic car, and the 1962 Ferrari 250 GTO is no exception. At a Sotheby’s auction in California, one fortunate investor won the renowned Ferrari with a price of $48.4 million. It was anticipated that the red 1962 Ferrari 250 GTO would sell for between $45 million and $60 million at auction. Fornow, though, the 1963 Ferrari “4153” 250 GTO is the most expensive car in the world. References Read our full review on the 1962 - 1964 Ferrari 250 GTO. ByAlexandra Tremayne-Pengelly • 08/18/23 1:38pm. With an estimate in excess of $60 million, a bright red 1962 Ferrari 250 GTO is expected to become the world’s most expensive Ferrari sold at Thereare 466 1962 Ferrari for sale right now - Follow the Market and get notified with new listings and sale prices. MARKET PRICES 1962 Ferrari NOT FOLLOWING FOLLOW MARKET 1962 Ferrari 250 GTO mi TMU Manual LHD TMU · Manual · LHD · Racecar New York, NY, USA. $51,705,000. SOLD RM Sotheby's Nov 13, Inmany ways, we hit a sweet spot in 1962 and ’63 [in terms of front-engined racing cars]." And the Ferrari 250 GTO hit the sweetest spot of all. Classic Motorsport. View comments. Butnothing beats the price of a revered classic. For instance, take the Ferrari 250 GTO of the ‘60s. Two models of the Ferrari 250 GTO were sold at astronomical prices, one for $52 million in 2013 and another for $70.2 million in 2018! We doubt the owners would have realized the kind of ROI they would get when they bought the GTO in Thisunbelievable performance came at a staggering cost of US$18,000 in 1962, which was more than three-times the cost of a top-of-the-line Cadillac in the same year. Additionally, Enzo Ferrari personally approved every potential buyer. Since the 1970s prices have climbed as buyers see the 250 GTO as encapsulating the peak of Ferrari’s ZTpQ0dc.