Search for: "ferrari 250 gto"

1962 Ferrari 250 GTO Sells for $48.4 Million at RM Sotheby’s Auction

1962 Ferrari 250 GTO Sells for $48.4 Million at RM Sotheby’s Auction

A Record $48.4 Million Auction Sale

In Monterey, California, a 1962 Ferrari 250 GTO sold for $48.4 million USD at the RM Sotheby’s auction in 2018. This price sets the record for the most expensive car sold publicly. Although it is not proven, tips have led some to believe another GTO was sold for $70 million in private. Regardless, $48.4 million is quite a ton of cash. This specific 250 GTO is one out of 36 total built by Ferrari. Even better, this car was never wrecked or repaired, making it even more unique. Furthermore, this car’s great racing history most likely helped drive the price well above the previous record.

Background & Racing History

1962 Ferrari 250 GTO - Sold for $48.4 Million USD at Auction - Rear Corner - RM Sotheby's - EuroDrift

1962 Ferrari 250 GTO – Sold for $48.4 Million USD at Auction – Rear Corner – RM Sotheby’s – EuroDrift

The 1962 Ferrari 250 GTO is a very limited production model that has made headlines repeatedly, due to its collective value. The most recent 250 GT, that sold for $48.4 million USD, has quite a spectacular racing history. With one national championship and several major wins in the 1960s, this car holds historic value. In 2014, another GTO sold for $38 million USD, setting the record back then until now. This specific 250 GTO was owned since 2000 by former Microsoft executive Greg Whitten. The sale price at auction was $44 million USD, which translates to $48.4 million after fees.

Buckets of Cash & Gold

Meet the Man Who Sold His Ferrari 250 GTO for a Record $48.4 Million | Forbes – YouTube

The 1962 Ferrari 250 GTO is an amazing collector’s car. A rare spectacle to many, this car fetches quite the price on the market. With a racing history, no wreck record, and a unique ownership history, this car is quite the rare combo. A good prediction is that this car will most likely fetch more in the future, if its taken are of properly. In conclusion, the sale of a 1962 Ferrari 250 GT set the world record for auction price at $48.4 million.

Cash - Necessary for Purchase of 250 GTO - Pixabay - EuroDrift

Cash – Necessary for Purchase of 250 GTO – Pixabay – EuroDrift

1960s Ferrari 250 GTO: Asking Price $50,000,000

1960s Ferrari 250 GTO: Asking Price $50,000,000

Legendary 1960s Ferrari 250 GTO

The 1960s Ferrari 250 GTO is a legendary classic with a modern asking price of around $50,000,000 USD. The 250 GTO was produced from 1962 to 1964 with a limit of 39 units. The design of the 250 GTO is by Giotto Bizzarrini and Sergio Scaglietti. The body style of the GTO is a 2-door Berlinetta with a FR layout. The 250 GTO fits between its predecessor, the 250 GT SWB, and its successor, the 250 LM.

3.0-Liter Tipo 168 Comp/62 V12

1960s Ferrari 250 GTO - Engine - Wikimedia Commons - EuroDrift

1960s Ferrari 250 GTO – Engine – Wikimedia Commons – EuroDrift

Under the hood, the 1960s Ferrari 250 GTO has a 3.0-liter Tipo 168 Comp/62 V12 engine. This motor produces 302 horsepower and 246 lb.-ft. of torque. In combination with a 5-speed dog-leg manual transmission, the 250 GTO hits 60 mph in only 5.4 seconds. This engine also allows the 250 GTO to hit 100 mph in only 10.5 seconds. On the quarter mile, the GTO finishes in 13.1 seconds. Lastly, on the top end, the Ferrari 250 GTO can hit 174 mph.

Ferrari 330 GTO Specials = Ferrari 250 GTO Body + 4.0-Liter V12

If you’ve heard of a “4.0-liter” V12 250 GTO, you aren’t completely wrong. There were 3 models built called the 330 GTO Specials. These models have the 250 GTO chassis and body but a 400 Superamerica 4.0-liter engine. These cars were built for racing and feature a larger bonnet bulge. Secondly, these vehicles were used in testing by Scuderia Ferrari before being sold to private customers.

From $18,000 MSRP in 1962 to $50,000,000 in 2018

On the current market, the 250 GTO is for sale at $50,000,000. Initially, the car was for sale at a MSRP price of $18,000 in the U.S.. Over the years, the price has steadily grown, but during the few years after, up until 1974, the car was in a depreciation state. After 1974, the car began to increase drastically over the years. This value well exceeds the inflation that one would expect from the 54 to 56-year difference. Using an inflation calculator, the MSRP in today’s market would be around $147,914.40. This means the actual value of the 250 GTO has increased by 338x! Whoever bought and kept these cars have officially hit the jackpot.

The Ferrari 250 GTO is the Picasso of the Car World


In conclusion, the 1960s Ferrari 250 GTO is a legendary car collector’s dream. This car is a beautiful vehicle with its design by Bizzarrini and Scaglietti. The V12 engine purrs magnificently while the Ferrari race design provides the feel of a true race car from the 60s. Surprisingly worth $50,000,000 today, this vehicle was worth only $18,000 back in the early 60s. The Ferrari 250 GTO is an amazing car that is the equivalent of a Picasso or Van Gogh painting in the car world.

Ferrari Dino 246 GT: A Beautiful Classic

Ferrari Dino 246 GT: A Beautiful Classic

The Ferrari Dino 246 GT is a Beautiful Classic

The Ferrari Dino 246 GT is a beautiful classic car that was produced from 1969 to 1974. There was a total of 3,761 units produced for the GT and GTS models. The design is by Leonardo Fioravanti of Pininfarina at the time. The Dino 246 GT is a transverse layout vehicle with a rear mid-engine and RWD. The 246 GT may not be as unique as the 250 GTO, but it is a true Ferrari classic.

2.4-Liter V6 Engine with 195 Horsepower

The Ferrari Dino 246 GT sports a 2.4-liter V6 engine with 195 horsepower. In combination with the engine is a 5-speed manual all-synchromesh transmission. This combo allows the Dino to hit 60 mph in 5.5 seconds. The top speed estimated by Ferrari was 146 mph, but a record of 148 mph has been obtained by third party tester. In the United States, there is a detuned version of the Dino 246 GT which has only 175 horsepower due to an exhaust air-pump and timing change.

Ferrari Dino 246 GT vs. Ferrari Dino 246 GTS

1973 Ferrari Dino 246 GTS - Rear Corner - Wikimedia Commons - EuroDrift

1973 Ferrari Dino 246 GTS – Rear Corner – Wikimedia Commons – EuroDrift

The Ferrari Dino 246 GT was built in 2 model variations. The two types of Dino are the GT and GTS. The Ferrari 246 GT is a Berlinetta sports car while the GTS is a Targa top version. The cars are basically identical other than the top. Either way, both cars are beautiful stunners.

Current Market Value of Between $300,000 and $500,000


In the end, the Ferrari Dino 246 GT and GTS are amazing sports cars from a past time. These vehicles were shining stars during their day and still shine brightly today. The design of the Dino 246 GT by Pininfarina is exactly what you’d expect it to be. The V6 may not be as big as other models, but it holds its ground. In the current market, the Dino 246 GT is worth between $300,000 and $500,000. In conclusion, the Ferrari Dino 246 GT is another special collector car.

Pin It on Pinterest