Full Auction of the $48M 1962 Ferrari 250 GTO (Monterey Car Week)



Watch the full auction portion of the 1962 Ferrari 250 GTO held by RM Sotheby’s at the Monterey Conference Center.
.
.
FINAL total purchase price: $44 Million bid price + $4.4 Million auction fees = $48.4 Million (SOLD)
.
.
Check out the original listing of this beautiful model from the RM Sotheby’s site here:
.
.
At the recent RM Sotheby’s auction, there were many iconic and legendary auto machines that date back from as early as the 1930’s to the current 2000’s.
.
.
Needless to say, of the variety of vehicles up for auction there were a few that caught the attention of many collectors. Some automotive masterpieces that held an admirable list of past awards and distinguished trophies.
.
.
The moment that the entire audience had been waiting in anticipation for ever since its announcement back in Spring of 2018. The attention garnered revolved around one particular model, the 1962 Ferrari 250 GTO.
.
.
This model is only one of 36 GTO’s ever built and was auctioned at the recent auction held on August 25, 2018.
.
.
The final sale price of this astonishing #23 model of the Ferrari 250 GTO closed at $44,000,000 + $4,400,000 in buyer auction related fees. This auction sale breaks the previous world record as the most expensive vehicle sold at public auction compared to the last publicly sold GTO that went for $38,000,000.
.
.
As a select group of vehicles and their respective owners, it’s no wonder that the legendary Ferrari 250 garners an attention that few automobiles can command.
.
.
*DISCLAIMER: No copyright infringement intended and is for educational purposes only of how auctions look like and how a rare vehicle is auctioned off. This belongs to RM Sotheby’s.
.
.
Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for “fair use” for purposes such as criticism, comment, new reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise by infringing. Non-profit, educational or personal use tips the balance in favor of fair use.