Last weekend saw RM Sotheby’s annual car collector sale located in Monterey, California, with the most sought out models put up for auction. One in particular that gained wide attention was the 1962 Ferrari 250 GTO, selling for a huge $48.4 million. Making history, the company has said that it’s the most valuable car ever sold at auction.
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#RESULTS With $158 million and 83% of all lots sold across Friday and Saturday night, a highly successful #RMMonterey has come to a close! ⠀⠀⠀⠀⠀⠀⠀⠀⠀ The world-record price achieved for the GTO was the biggest story of the weekend, but that was just one of many standout results from the two day sale, that record prices set for a number of different models. Visit RMSothebys.com/MO18 for full results, and stay tuned here for the top 10!
Just one of 36 models made at the time, the ’60s Ferrari is the pinnacle of car collecting, due to its colourful racing history. Amongst its competitive career, the Ferrari 250 GTO took out the 1962 Italian GT championship along with a long line of major awards between ’62 and ’65. The car was also driven by a-list racers including Phil Hill the first American to become a Formula 1 world champion.
The car was previously owned by former Microsoft executive Greg Whitten and was purchased at $44 million. A savvy car collector, the businessman boasts his own impressive garage of mint condition vintage cars. You can view his entire collection here.
If you’re after more details on the famous race model, visit RM Sotheby’s.