Published: Sat, June 23, 2018
Finance | By Loren Pratt

You can buy this Ferrari 250 GTO if you have £35,000,000

You can buy this Ferrari 250 GTO if you have £35,000,000

It'll be offered up for auction at its Monterey sale towards the end of August, where it might just become the most expensive vehicle ever sold at auction, eclipsing the $38m paid for... a 250 GTO back in 2014.

On August 25, when it goes under the hammer at Sotheby's flagship Monterey event, it will be the most valuable vehicle ever offered at auction.

The Ferrari 250 GTO on offer, chassis no. 3413 GT, is the third of the 36 examples built, and began its life as a Series I vehicle. It also propelled renowned customer racer Edoardo Lualdi-Gabardi to the Italian GT championship in '62, winning nine out of ten races (and finishing 2nd in class at the one it didn't).

The GTO was bought by current owner Dr. Greg Whitten, Numerix chairman, avid collector auto enthusiast and former chief software architect at Microsoft, in 2000.

"Due to the evolution of technology and safety regulations that followed, the GTO was essentially the final true road racer, marking the end of an era when drivers really got their hands dirty".

In fact, it's one of Ferrari's most successful racing cars, claiming overall victory or 1st in class in almost 300 races worldwide.

In 2014, another GTO, chassis #3851 and the 15th built, was sold by Bonhams for $38,115,000. As for the 1962 model, it was only the third 250 GTO ever built by Ferrari. "This is just the third time that a GTO has been offered for public sale in the new millennium". Furthermore, with 300 race victories to the GTO's name it's ingrained in Ferrari folklore, serving to prop-up the sky-high estimate you see quoted here.

"The fact that the GTO exists as it did in period along with Dr. Whitten's long-term enthusiastic ownership only adds to the car's impeccable pedigree".

More than 50 years later, this GTO has retained its original engine, gearbox and rear axle, as well as its factory Series II body fitted by Carrozzeria Scaglietti in 1964. Another 1963 version sold for $70 million in a private transaction earlier this year, according to Sotheby's. And that's why it might actually sell for more than US$45 million.

Following its racing career, the GTO has passed through an unbroken chain of ownership that includes some of the most prominent Ferrari collectors. Bulgari and the next owner took the #3413 to class wins at both the 1963 and '64 Targa Florio races.

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