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The greatest of all time. It’s a debate that rages everywhere from barrooms to boardrooms over sports figures, but when it comes to sports cars, one model seems to own the conversation—the Ferrari 250 Gran Turismo Omologato (GTO), at least according to collectors. On August 25, at the RM Sotheby’s sale in Monterey, Calif., that prancing horse’s pedestal was placed even higher when a 1962 Ferrari 250 GTO became not only the most expensive Ferrari sold at auction but the costliest car of any kind to ever cross the block. When the frenetic bidding reached fruition, the competition coupe had fetched a remarkable $48.4 million.

The price garnered beats that spent for a same-year 250 GTO Berlinetta by more than $10 million, the latter finding a new owner for more than $38.1 million at a Bonhams auction during Monterey Car Week in 2014. What the two A-list automobiles have in common—besides their rosso corsa color—is a coveted race provenance. The Berlinetta took a second place overall in the 1962 Tour de France, and the new record-breaker finished first in class at the 1963 Targa Florio. It then repeated the feat the following year.

To read more on the Robb Report:

https://robbreport.com/motors/cars/1962-ferrari-250-gto-most-expensive-car-sold-auction-2814728/

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