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

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.


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[Source: RM Auctions, The Sun]

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London, England (May, 2010) − RM, the global leader in the collector car market, is pleased to announce that the rare and coveted 1963 Ferrari 250 GTO (chassis no. 4675 GT) has been sold through private treaty.

"The exclusivity of Ferrari's 250 GTO cannot be understated. As they rarely come to market, new owners become part of a very exclusive 'club' and are welcomed with open arms at literally any of the world's great concours events, races and rallies. We are pleased to have been able to unite this exceptional car with a new and immensely enthusiastic owner. It's fantastic that this car will now be used in earnest on the classic car scene around Europe," said Max Girardo, Managing Director of RM Europe.

The 1963 Ferrari 250 GTO (chassis no. 4675 GT) is one of only thirty-six 250 GTOs originally produced and one of a limited few with Series II GTO bodywork. In April 1963, 4675 GT left the factory finished in Rosso Cina. It was raced by such drivers as Guido Fossati, Jean Guichet, Oddone Sigala, Vincenzo Nember and Luigi Taramazzo and proved itself a tremendously capable racing car, rarely finishing outside the top three in its class and achieving numerous race wins.

In addition to being considered one of the most beautiful cars ever built by Ferrari, the GTO, with 302bhp @ 7500rpm and a top speed of 174-mph, was tremendously successful in competition, securing multiple World Championships for the Modenese car builder.

"To do this car credit takes massive, mega-immense, sadly as-yet-uninvented superlatives...It's the Leonardo da Vinci of motoring, a true Renaissance car," according to James Elliott's driving experience of 4675 GT as featured in the April 2010 issue of Classic & Sports Car.

In addition to its impressive motor car auction results at prestigious locations around the globe, including the sale of seven of the top 10 Ferraris ever sold at auction, RM generates an average of $50 million in private treaty transactions year over year. Among the exceptional motor cars RM is currently offering for private treaty sale is an extremely rare, race-bred 1967 Ferrari 330 P4 (chassis number 0858).

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