RM Auctions sells 1963 Ferrari 250 GTO for reported $18 million

Drew Phillips — Sun, 16 May 2010 11:06:00 EST

Filed under: Classics, Auctions, Ferrari

1963 Ferrari 250 GTO #4675GT - Click above for high-res image gallery

Back in February we reported that RM Auctions was conducting a private treaty sale for a coveted 1963 Ferrari 250 GTO worth an estimated $16-20 million. This past week, the auction house announced that they had found a buyer for the car, but released limited details on the sale.

According to The Sun, however, the buyer is none other than British radio host Chris Evans, who also paid more than $10 million for a 1961 Ferrari 250 GT California Spyder at an RM auction. The 250 GTO tops his previous purchase, though, at a reported £12 million (or approximately $18 million USD). Apparently, Evans had to sell three other Ferraris in his collection to make the purchase, and he plans to drive the car on the road.

While that's a lot of money, Evans' car actually wound up costing less than some other 250 GTOs. For instance, another recent example that traded hands was rumored to have a $28.5 million price tag. To top all those, a 1936 Bugatti Type 57SC Atlantic was purchased for $30 to $40 million earlier this month, making it the most expensive car of all time. Hit the jump for the press release from RM and check out Evans' latest toy in the gallery below.

Gallery: 1963 Ferrari 250 GTO chassis #4675GT

[Source: RM Auctions, The Sun]

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Ultra-rare 1963 Ferrari 250 GTO up for sale by RM Auctions... will it set a record?

Drew Phillips — Thu, 04 Feb 2010 16:56:00 EST

Filed under: Motorsports, Classics, Auctions, Ferrari

1963 Ferrari 250 GTO #4675GT - Click above for high-res image gallery

Very rarely does a Ferrari 250 GTO come up for sale, and if it does, you'll probably never hear about it. Most sales are done behind closed doors, and the amount of said transactions are almost never disclosed to the public. That's just part of the mystique behind the world's most valuable car, and it's partially why the cars are so coveted. Just 36 examples were built between 1962 and 1963, each still in existence and easily carrying an eight-figure price tag. A few years ago, a 250 GTO supposedly changed hands for nearly $30 million, but no one can completely confirm the rumor.

We will, however, have more details about the next sale of a 250 GTO. RM Auctions have announced that they will be doing a "private treaty sale" of 1963 250 GTO chassis #4675GT. The car has been in possession of its current Japanese owner, Yoshiho Matsuda, since 1996 (a low point for the value of the car compared to the high prices of the late 1980s), and it has an extensive racing history.

We saw the car at the Pebble Beach Concour d'Elegance back in 2004, and while its Series II bodywork isn't quite as stunning as earlier models, it's still an extraordinarily beautiful car. If you've got millions of dollars just sitting around, now is the time to break out the checkbook and buy your very own rolling piece of V12-powered Italian artwork. Hit the jump for the official press release from RM or click the high-res gallery below for a beautiful studio shot plus several of our photographs from our 2004 encounter with the car.

Gallery: 1963 Ferrari 250 GTO chassis #4675GT

Non-Studio Photos by Drew Phillips / Copyright (C)2010 Weblogs, Inc.

[Source: RM Auctions]

Continue reading Ultra-rare 1963 Ferrari 250 GTO up for sale by RM Auctions... will it set a record?

Ultra-rare 1963 Ferrari 250 GTO up for sale by RM Auctions... will it set a record? originally appeared on Autoblog on Thu, 04 Feb 2010 16:56:00 EST. Please see our terms for use of feeds.

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