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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