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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

1961 Aston Martin DB4 GT Zagato

1961 Aston Martin DB4 GT Zagato

A Limited Production of 20 Units

1961 Aston Martin DB4 GT Zagato - Front Corner with View - Wikimedia Commons - EuroDrift

1961 Aston Martin DB4 GT Zagato – Front Corner with View – Wikimedia Commons – EuroDrift

During the 1960 London Motor Show, Aston Martin introduced the DB4 GT Zagato. The 1961 Aston Martin DB4 GT Zagato is a grand tourer (GT) coupe. Basically, the car begins as a DB4 GT. But, it receives alterations by the Zagato Factory in Italy, making it ever so greater. Thanks to Ercole Spada, this car became slightly smaller and more lightweight. From 1960 to 1963, Aston worked with Zagato to produce 20 total cars. Also, noteworthy, this car is to not be confused with its successor, the Aston Martin V8 Zagato.

1961 Aston Martin DB4 GT Zagato - Side - Wikimedia Commons - EuroDrift

1961 Aston Martin DB4 GT Zagato – Side – Wikimedia Commons – EuroDrift

3.7-Liter DOHC Straight-6 Engine

1961 Aston Martin DB4 GT Zagato - Engine Bay - Wikimedia Commons - EuroDrift

1961 Aston Martin DB4 GT Zagato – Engine Bay – Wikimedia Commons – EuroDrift

The 1961 Aston Martin DB4 GT Zagato sports a 3.7-liter aluminum twin-spark DOHC straight-6 motor. This engine produces 314 horsepower and 278 lb.-ft. of torque. Supporting the motor is a David Brown all-synchromesh 4-speed manual transmission. With a compression ratio of 9.7:1, this car can reach 60 mph in only 6.1 seconds. From 0 to 100 mph, the Zagato takes only 14.1 seconds. On the high end, this car can reach around 154 mph. For the time, this car was able to compete in Grand Prix and Le Mans racing events. Thankfully, due to the Zagato Factory, this car shed over 100 pounds from the base DB4 GT.

1961 Aston Martin DB4 GT Zagato - Interior - Wikimedia Commons - EuroDrift

1961 Aston Martin DB4 GT Zagato – Interior – Wikimedia Commons – EuroDrift

A Review of Parts & Specifications

1961 Aston Martin DB4 GT Zagato - Front Fender - Wikimedia Commons - EuroDrift

1961 Aston Martin DB4 GT Zagato – Front Fender – Wikimedia Commons – EuroDrift

As an older car, the 1961 Aston Martin DB4 GT Zagato has some top-notch specs from back in the day. Firstly, there is a rack and pinion steering layout, which can be seen in modern race cars as well. Next, there are wishbones, coil springs, telescopic dampers, and an anti-roll bar in the front. As per the rear, there is a live axle on coil springs. Furthermore, the brakes are Girling discs all around with no servo and separate master cylinders. On the carburetor side, there are three Weber 45 DCOE4 carbs. Finally, the car finishes off with Borrani 16×5” wire spoked alloy rims with Avon Turbospeed Mark II tires.

1961 Aston Martin DB4 GT Zagato - Rear Overhead - Wikimedia Commons - EuroDrift

1961 Aston Martin DB4 GT Zagato – Rear Overhead – Wikimedia Commons – EuroDrift

A Brief DB4 GT Zagato Racing History

1961 Aston Martin DB4 GT Zagato - 1 VEV - Front Bumper - Silverstone 2009 - Wikimedia Commons - EuroDrift

1961 Aston Martin DB4 GT Zagato – 1 VEV – Front Bumper – Silverstone 2009 – Wikimedia Commons – EuroDrift

At Goodwood in 1961 during Eastertime, the 1961 Aston Martin DB4 GT Zagato raced in its first outing. Surprisingly, the car was able to accomplish 3rd place while being driven by Stirling Moss. Next, the car made its own history by winning first place in the July 1961 British Grand Prix Support race. The model sporting “2 VEV” obtained the DB4 GT Zagato’s first victory under John Ogier’s Essex Racing Stable. Unfortunately, this car was crashed at Spa in 1962, requiring it to be rebuilt. This led to alterations which were later removed after another road accident. Finally, the DB4 GT Zagato Chassis 0200 participated in the 1962 24 Hours of Le Mans. Unfortunately, again, this car blew a piston after 9.5 hours of race time.

1961 Aston Martin DB4 GT Zagato - 2 VEV - Rear - Silverstone 2009 - Wikimedia Commons - EuroDrift

1961 Aston Martin DB4 GT Zagato – 2 VEV – Rear – Silverstone 2009 – Wikimedia Commons – EuroDrift

A Tip of the Hat to the DB4 GT Zagato

The Aston Martin DB4 GT Lightweight Is Much Stronger Than English Breakfast Tea – Petrolicious – YouTube

Overall, the 1961 Aston Martin DB4 GT Zagato is quite a spectacular vehicle. Initially, the MSRP of this car was $7,080 USD. At the time, this was enough money to buy a livable home. Not surprisingly, this car recently sold by RM Sotheby’s New York for $14,300,000. That is quite an increase in value for the car. Regardless, this car is worthy of its highly collectible status, especially due to 19 remaining. In conclusion, it is only right to tip a hat to the DB4 GT Zagato due to its unique history.

1961 Aston Martin DB4 GT Zagato - Rear Corner - Wikimedia Commons - EuroDrift

1961 Aston Martin DB4 GT Zagato – Rear Corner – Wikimedia Commons – EuroDrift

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