This weekend's Pebble Beach Concours d'Elegrance brings together some of the rarest and most expensive automobiles in the world onto a tiny peninsula in California jutting out into the Pacific Ocean. But this year, there has been one vehicle on everyone's lips – a 1962 Ferrari 250 GTO. Bonhams put up this incredibly rare Prancing Horse at no reserve for its auction at the Quail Lodge, meaning it could have sold for just a dollar. It didn't though, this ex-Jo Schlesser owned Ferrari sold fo
Last month we reported on a Ferrari 250 GTO heading for the auction block at Pebble Beach. We knew at the time it would break records and bring in tens of millions of dollars. But now that the gavel is about to drop, it looks like even our projections could fall short.
It often seems that cars worth millions of dollars are kept under lock and key in climate-controlled garages, never to see the open road. Christopher Cox's 1962 Ferrari 250 GTO is not one of the those cars. The American investor drives the car, one of just 39 built, regularly and has participated in numerous events around the world since he purchased it in 2005. In fact, we've seen the brightly colored 250 GTO, worth an estimated $30+ million, in person no less than five times including last sum
Bloomberg reports that a 1962 Ferrari GTO has been sold for $35 million, making it the most expensive car in the world. The record price eclipses the $32 million paid for a 1964 Ferrari 250 GTO back in February and the $30-34 million dished out for a 1936 Bugatti Type 57SC Atlantic back in 2010.
Seeing a Ferrari 250 GTO in action is something that should be on every car enthusiast's bucket list. For us, it's been checked off this weekend. Last week we saw several 250 GTOs participate in the Pebble Beach Tour, driving up and down Hwy 1 on the Monterey coastline, and just a few days later we headed to the track to see them in action at Mazda Raceway Laguna Seca.