A 1962 Ferrari 250 GTO that was bid to US$48,405,000 (S$66.839 million) at the RM Sotheby’s sale in Monterey, California has become the most valuable car ever sold at public auction, beating the previous record for a 250 GTO – US$38,115,000 (S$52.63 million) – set in 2014.
The car sold on 26 August 2018 is the third of thirty-six 250 GTOs built and is one of four early cars subsequently converted by the Scaglietti coachworks in 1964 with more aerodynamic bodywork designed by Pininfarina. The Ferrari 250 GTO is acknowledged as being one of the most significant racing cars of all times.
The first owner of this specific car, Edoardo Lualdi-Gabardi, was one of the most successful Italian privateers on track and in hillclimbs. With it he took the class win in the 1962 Italian GT Championship. The second owner, Gianni Bulgari, took first in class and 4th overall at the 1963 Targa Florio and the third owner, Corrado Ferlaino, repeated that class victory and came 5th overall at the same gruelling endurance race the year after with the modified bodywork.