1962 Ferrari goes on sale for nearly 64 million dollars Carscoop

1962 Ferrari goes on sale for nearly 64 million dollars

The world's most expensive car

by 31 July 2014


Every time a vintage Ferrari goes under the hammer, unprecedented levels are achieved shattering previous records. Last year, a 1963 Ferrari 250 GTO was sold for a whopping 52 million dollars making it the most expensive car ever sold.

However, the year old record is under threat once again as another 250 GTO in Germany is about to be sold and it’s being estimated that it can fetch 47 million euro, which is approximately 63,930,000 dollars! That includes the 19% VAT. To be exact, the seller put an ad on the website Mobile for a 1962 250 GTO, with an asking price of 47.6 million euro.

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The 1962 Ferrari 250 GTO is one of a total of 39 units ever built in Modena (36, of which, were built between 1962 and 1963).

In 1969 one sold for just 2,500 dollars. Initially created to compete in FIA's Group 3 Grand Touring Car category, the 250 GTO was first developed by Giotto Bizzarrini and styled by Sergio Scaglietti. The car started development at a turning point in Ferrari's history, with El Commendatore ousting chief Ferrari engineer Carlo Chiti, along with Giotto Bizzarrini and many others who stood by Chiti, right before the 250 GTO had been completed.

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A young Mauro Forghieri and Sergio Scaglietti then finished the model, with legendary driver Phil Hill placing it first in class at Sebring, in 1962.