What did the last 250 GTO sell for?

What Did the Last 250 GTO Sell For?

The Ferrari 250 GTO is a highly sought-after sports car, and its price reflects its rarity and demand. As of 2018, the last time a 250 GTO went up for auction was at RM Sotheby’s annual collector car sale in Monterey, California, and it sold for $48.4 million, setting a new record for the most expensive car ever sold at auction. This sale marked the fifth time a 250 GTO had been sold for more than $30 million at auction.

Background

The Ferrari 250 GTO is a high-performance sports car that was produced by Ferrari from 1962 to 1964. It is considered one of the greatest Ferrari models of all time, and its sleek design and powerful engine have made it a sought-after collectible among car enthusiasts.

The Record Sale

In August 2018, RM Sotheby’s announced that it would be auctioning off a rare 1962 Ferrari 250 GTO, chassis number 3413 GT. The car was sold on the evening of August 24, 2018, and it went to a bidder for $48.4 million.

Who Owns the 250 GTO?

So, who owns the 36 Ferrari 250 GTOs that were produced between 1962 and 1964? Current 250 GTO owners include Ralph Lauren; Pink Floyd drummer Nick Mason; Peter Sachs, grandson of Goldman Sachs founder Samuel Sachs; and Jon Shirley, of Microsoft.

The Rarest Ferrari GTO

But which of the 250 GTOs is the rarest? The answer is chassis number 3413 GT, which sold for $48.4 million at the RM Sotheby’s auction. This particular car is considered one of the most desirable Ferrari models ever built, with only three examples produced with its distinctive triple-carbureted engine.

Is the 250 GTO a Supercar?

A question often asked by car enthusiasts: is the Ferrari 250 GTO a supercar? The answer is yes. In Italian, "Gran Turismo Omologato" means "Grand Touring Homologated", which reflects the car’s status as a high-performance racing machine.

The Origin of the GTO

The initials GTO may be most closely associated with the 1960s Pontiac GTO muscle car, but the origin of the GTO actually traces back to Enzo Ferrari and his classic Ferrari 250 GTO. So, while the name GTO may be used for cars of all types, the original GTO was always a Ferrari.

In Conclusion

In conclusion, the Ferrari 250 GTO is a rare and highly sought-after sports car that is highly valuable. The last 250 GTO sold at auction went for $48.4 million, a new record for the most expensive car ever sold at auction. With only 36 examples produced, the Ferrari 250 GTO is truly a rare collector’s item.

Appendix

Specifications

Note

The prices mentioned in the article are in millions of dollars, unless otherwise stated.

The article was written with the intention of answering the question "What did the last 250 GTO sell for?" It aims to provide an in-depth look at the history, rarity, and value of the Ferrari 250 GTO.