1962 Ferrari 250 GTO – The most expensive car ever?

The 1962 Ferrari 250 GTO to be auctioned by RM Sotheby[/caption]

In the last five years alone, one was auctioned for $38 million, another reportedly sold for $52 million, and still another sold in June 2018 for $70 million, making it the most expensive car ever sold.

Now RM Sotheby’s is offering a 1962 Ferrari 250 GTO that could set a new world record. Scheduled for auction in Monterey this August 25, it was the third of only 36 GTOs ever built, test driven by renowned F1 champion Phil Hill, and raced to several victories including the Italian National GT Championship in 1962, where it won nine out of ten races.

While listed by RM Sotheby’s at $45 to $60 million, it is likely to sell for more. The auction house describes it as “the most valuable automobile ever offered for public sale” and Marcel Massini, a world-leading expert on collectible Ferraris as well as one of the inspectors of this particular vehicle, was recently quoted as saying, “We will see a GTO sell for $100 million in the next two to three years.”

The tremendous appeal of the Ferrari 250 GTO lies in its unparalleled beauty, exclusivity and racing success. Many consider it the most attractive Ferrari ever built. Its impeccable handmade quality has kept all 36 examples intact. And its victories (or first in class) in nearly 300 races worldwide make it one of the most celebrated racing cars in the annals of Ferrari history. Of course, the naturally aspirated V12 engine with addictive exhaust note is another feature that keeps collectors and enthusiasts dreaming.

Dreamers who aren’t billionaires can satisfy their Ferrari passion by purchasing a new Ferrari such as the 2018 Ferrari 812 Superfast with 12-cylinder engine, the fastest production Ferrari ever made —for a mere $315,000.

Others choose to quench their lust for Italian power and style with affordable used Ferraris they dreamed of in their youth. In markets like Japan, where used car dealers and used car auctions offer over 150,000 vehicles every week, old Ferraris in exceptional condition can be purchased and imported to one’s home country at surprisingly affordable prices.

This gorgeous Ferrari Testarossa, for example, was purchased in Japan by Japan Car Direct and exported to its happy owner abroad. Few cars in history have so dramatically captured the world’s imagination.

This 1994 Ferrari 512 TR supercar is another example of used Ferraris from the past that still press all the right emotional buttons.

When you’re ready to follow your passion and purchase the used car of your dreams, whether used Ferrari supercar or used European luxury sedan, be sure to contact Japan Car Direct and compare. We make the purchase and import process easy.