Revving Up the Auction Market: Rare Ferrari Breaks Records as Second-Most Expensive Car Ever Sold

Revving Up the Auction Market: Rare Ferrari Breaks Records as Second-Most Expensive Car Ever Sold

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A Ferrari 250 GTO fetched a hefty sum at an auction in New York, making it one of the most expensive cars in the world to own.

A rare Ferrari GTO was sold for $51.7 million in New York City, making it the second-most expensive car ever sold at an auction. The Ferrari 330 LM/250 GTO by Scaglietti is one of the few Scuderia-raced GTOs to feature a V12 engine. It raced at the Nurburgring 1,000km race, finishing second overall. Initially offered for an estimated $60 million, the price was driven up to $47 million before auction-house fees. The car was intended to compete in the Le Mans 24 Hours in 1962 but had overheating issues and couldn’t participate. Purchased in 1985 by a US owner, it joined vintage racing events and won Best in Show at the 2011 Amelia Island Concours d’Elegance. The previous record for the most expensive car was held by another Ferrari 250 GTO, sold for $48.4 million in 2018. The price of the 1962 Ferrari GTO is only surpassed by the €135 million paid for a Mercedes 300 SLR Uhlenhaut Coupe in 2022.

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Forrás: RacingNews 365

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