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Ferrari 250 GTO Sets Auction Record in Monterey Car Week



A 1962 Ferrari 250 GTO, the chassis 3413 GT, sold for $ 48.4 million at the RM Sotheby's Monterey auction in 2018, held on August 26 during the Monterey Classic Car Week. Ferrari is now the most valuable car never sold at auction and enlarged $ 38,115,000 paid for another 250 GTO, chassis 3851 GT, at Bonham's Quail Lodge sales in 2014.

It was a bowl and applause when five- hour Le Mans winner Derek Bell left the car after driving it over the auction block in front of a crowded sales room, followed by gasps as auctioneer Maarten ten Holder opened the bidding at an outstanding level of $ 35 million. Three collectors who swapped by phone competed for the car, sometimes moved in million dollar increments before hammering for nearly ten minutes for 44 million dollars or 48.405,000 dollars with fees.

The Ferrari 250 GTO number was offered with its original engine, gearbox, rear axle and factory Series II body after two decades in the collection of Gregory Whitten.

"My journey with 250 GTO has come to an end, but I'm excited to see how this wonderful car is enjoyed by the new owner. They want to see the apparently incredible list of superlatives used to describe it ̵

1; legendary , historic holy grail – but I can assure them that when they get behind the wheel they will understand that everyone is true, says Whitten.

1962 Ferrari 250 GTO, chassis 3413 GT, is the third of only 36 copies built .GTO started its life as a Series I car and was used as a test car by Phil Hill for the 1913 Targa Florio Road Race before continuing to win 1. in the class of the event for the next two years. This led to the car claiming in 1962 Italian National GT Championship, with victories in 9 out of 10 races.

[Source: RM Sotheby’s]


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