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1 July 2018

This Ferrari will break the record for the most expensive car sold ever

By Iain KellyIain Kelly

Ferrari’s 250 GTO is regarded as the most desirable and valuable collector car of all-time, and one example headed to auction in August is likely to break records to become the most valuable car ever sold in public.

Only 36 of the famed model, Ferrari’s ultimate incarnation of their famous 250 lineage and built solely to race, were constructed in the early-to-mid 1960s. Their devastating success on international race tracks, as well as the widespread belief they are the most beautiful Ferrari ever made, led them to become the most sought-after collector car in the world, regularly changing hands for over $50,000,000 each.

RM Sotheby’s are set to sell the crown jewel of 250 GTOs, with chassis #3413 up for grabs at their Monterey auction this August. The third GTO built it was first raced by F1 champ Phil Hill for the factory team in the ‘62 Targa Florio road race, before being sold to close personal friend of Enzo Ferrari, Edoardo Luadi-Gabardi who racked up nine wins from 10 starts (placing 2nd in the only race he didn’t win) in the Italian National GT Championship that same year. The car was sold in ‘63 to Gianni Bulgari of the Bulgari jewellery company, and the car then won its class in the ‘63 and ‘64 Targa Florio races.

  • This car raced in 20 of the most legendary races of what is considered the Golden Age of Sports Car Racing. (image credit: RM Sotheby's) This car raced in 20 of the most legendary races of what is considered the Golden Age of Sports Car Racing. (image credit: RM Sotheby's)
  • This 250 GTO retains its original engine, gearbox and differential. (image credit: RM Sotheby's) This 250 GTO retains its original engine, gearbox and differential. (image credit: RM Sotheby's)
  • RM Sotheby’s are set to sell the crown jewel of 250 GTOs, with chassis #3413 up for grabs at their Monterey auction this August. (image credit: RM Sotheby's) RM Sotheby’s are set to sell the crown jewel of 250 GTOs, with chassis #3413 up for grabs at their Monterey auction this August. (image credit: RM Sotheby's)

All up this car raced in 20 of the most legendary races of what is considered the Golden Age of Sports Car Racing, and was never crashed or failed to finish. It retains its original engine, gearbox and differential, and was converted to a Series II body in 1964 by Scaglietti. All up this car is the most desirable example of a 250 GTO to ever reach public auction, and pricing estimates state “over $45,000,000”. However with several public sales of less-desirable GTOs reaching over $90,000,000 it is expected that #3413 will break the magic $100,000,000 mark!

Iain Kelly is the revhead behind The Ceators Online.

Credit: RM Sotheby's

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