Ferrari 250 GTO Sells For Record US$38 Million At Auction Photo:

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Trevor Collett | Aug, 18 2014 | 0 Comments

A 1962 Ferrari 250 GTO has joined the growing list of 250 GTOs proving to be good investments, fetching just over US$38 million at auction.

Conducted by Bonhams auction group, the US$38,115,000 (AU$40,878,000) price-tag is believed to be the largest sum ever paid for a car at auction.

The car was sold to an unknown buyer from previous owner Italian Fabrizio Violati, and was originally purchased on September 11, 1962, by Frenchman Jo Schlesser.

The latest GTO sale failed to top the highest price ever paid for a car however, with another 250 GTO fetching US$52 million (AU$55.8 million) last year while AU$35 million was paid for a third GTO in 2012 that once belonged to Stirling Moss.

It seems 250 GTO values have become something of a ‘currency’, with insurance comparison group comparethemarket recently comparing Australia’s annual stolen car bill to ‘12 examples of a 1962 Ferrari 250 GTO’.

The 1962 250 GTO wasn’t the only Ferrari to go under the hammer at the Bonhams auction, with four other examples selling for seven-figure sums in US dollars, and one more going mighty close.

  • 1962 Ferrari 250 GTO – AU$40.878 million
  • 1958 Ferrari 250 GT Series 1 Cabriolet – AU$7.31 million
  • 1953 Ferrari 250 Mille Miglia Berlinetta – AU$7.79 million
  • 1969 Ferrari 365 GTB/4 ‘Daytona’ Berlinetta Competizione – AU$1 million
  • 1962 Ferrari 250 GT Short-Wheelbase Speciale Aerodinamica – AU$7.37 million
  • 1978 Ferrari 312 T3 Formula 1 Racing Single-Seater - AU$2.48 million

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