Record-Breaking Sale: 1962 Ferrari 330 LM / 250 GTO Fetches $51.7 Million
During RM Sotheby's Marquee Week Sales of Modern and Contemporary Art, a historic moment was achieved with the priciest Ferrari ever sold at auction.
In a groundbreaking moment during RM Sotheby’s Marquee Week Sales of Modern and Contemporary Art, a 1962 Ferrari 330 LM / 250 GTO achieved a historic feat by fetching a record-breaking sale price of $51,705,000. This remarkable event marked it as the priciest Ferrari ever sold at auction, solidifying its place as a true automotive legend. However, it’s important to note that this iconic vehicle does not hold the title of the overall most expensive Ferrari, as two 250 GTOs have garnered higher prices through private sales. Nevertheless, Chassis no. 3765 now secures its position as the third most expensive Ferrari on record.
Key Takeaways:
- A 1962 Ferrari 330 LM / 250 GTO set a new auction record by selling for an astounding $51,705,000, making it the most expensive Ferrari ever sold at auction.
- This historic vehicle has a storied racing history, having participated in renowned competitions and achieving notable successes, including a class victory and second place overall at the 1962 Nurburgring 1000 KM and competing in the challenging 24 Hours of Le Mans.
- Despite its humble purchase price of $6,000 in 1964 (equivalent to $61,000 today), the car has become a highly sought-after collector’s item, changing hands several times before landing in the possession of a dedicated car enthusiast who cared for it meticulously for nearly four decades.
The 250 GTO, among the limited 36 units produced, remains a pinnacle of collector cars, known for its desirability, prestigious lineage, stunning aesthetics, and unmatched exclusivity. While $51.7 million may seem like an astronomical sum, the value of this iconic Ferrari is expected to appreciate significantly in the future. To put this staggering price into perspective, it could have covered the cost of 15.6 Bugatti Chirons, 251 Bentley Bentaygas, or 2,361 Toyota Corolla Sedans.
In conclusion, the sale of the 1962 Ferrari 330 LM / 250 GTO for $51.7 million marks a historic milestone in the world of automotive auctions. This extraordinary vehicle, with its rich racing history and unparalleled desirability, has secured its place as one of the most remarkable cars ever produced, and its future appreciation in value is anticipated to be nothing short of spectacular.
Summary:
A 1962 Ferrari 330 LM / 250 GTO achieved a historic moment by fetching a record-breaking sale price of $51,705,000 during RM Sotheby’s Marquee Week Sales of Modern and Contemporary Art, making it the priciest Ferrari ever sold at auction. This iconic vehicle’s remarkable racing history and unique features have solidified its position as one of the most coveted collector’s items in the automotive world.
