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Ex-Phil Hill Ferrari 250 GTO sets record for highest price paid for car on auction



  1962 Ferrari 250 GTO bearing chassis no. 3413 - Picture via RM Sotheby s

1962 Ferrari 250 GTO bearing chassis Nr. 3413 – Picture via RM Sotheby s

Ferrari GTO stands as one of the most beautiful and exclusive cars of all time and it has a racing record to back up its unique collection. However, this has seen prices rise to crazy levels in recent times, and things do not seem to cool down a bit.

Case in point is a 1

962 250 GTO, Chassis No. 3413, which sold for $ 48.4 million on Saturday at a RM Sotherby Auction in Monterey, California. The figure, which includes the buyer's premium, is now the highest price ever paid for a car on auction. It ruined the previous record of $ 38 million that was paid for another 250 GTO in 2014.

Incredibly, the $ 48.4 million figure is not the highest price paid for a car. The glory, at least as far as publicly available prices, $ 70 million is paid for an additional 250 GTO cut by WeatherTech's CEO David MacNeil in June in a private sale.

It is not clear who the buyer in Monterey was, although we know that the seller was former Microsoft executive Greg Whitten. He owned the car since 2000 and showed it at various vintage motorsport events during that time, including four of the famous GTO jubilee tournaments.

  1962 Ferrari 250 GTO Bearing Chassis No. 3413 - Image via RM Sotheby's

1962 Ferrari 250 GTO Bearing Chassis No. 3413 – Image via RM Sotheby's

Chassis No. 3413 is the third of the 36 250 GTO that Ferrari built between 1962 and 1964. It was basically a test car for driver Phil Hill, an American F1 champion and Le Mans winner, in preparation for this year's Targa Florio road race. The first owner was one of Ferrari's favorite private customers, Edoardo Lualdi-Gabardi. The racer entered 10 runs in 1962 and won all events minus one where he placed others.

Having owned the car for just one year, Lualdi-Gabardi received another 250 GTO in 1963 and sold the older car to Gianni Bulgari. Bulgari, who would lead the famous jewelery brand, entered the car and won his class in 1913 and 1964 Targa Florio.

During his life, chassis No. 3413 competed in 20 races and was never involved in a wreck. In fact, the original V-12 engine, gearbox and rear axle are retained. Coachbuilder Scaglietti packed the car in a series II body in 1964, as it also carries.

For more Monterey Car Week coverage, go to our dedicated hub.


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