If you want to read in vivid detail about the car in question, RM Sotheby's provides a lengthy tale of "the world's most important, desirable, and legendary motor car." Trying to regurgitate it here really wouldn't do it justice. Instead, here are some of the bullet points.
- No. 3 of 36 Ferrari GTOs built. Known as 3413.
- Considered by experts to be one of the most authentic and original of those 36, all of which survive
- One of only 4 of those 36 to receive upgraded at the time with Series II GTO/64 body work by Scaglietti. It is more aggressive in appearance, more aerodynamic and many say attractive
- Won the 1962 Italian GT Championship
- First in class at the 1963 Targa Florio in its original body work
- First in class at the 1964 Targa Florio in the Series II body work you see today, as detailed in the Sotheby's story
- Won its class in the 1964 Targa Florio, helping Ferrari win the 1964 International Championship for GT Manufacturers
- More than 15 class and overall wins from 1962 to 1965
- Last purchased in 2000 for $7 million – There's a reason German banks are suggesting adding a classic car to your investment mix.
- 3413 has actually been driven during that time, making appearances at countless classic events and vintage races
- Purchase includes exclusive access to some of the world's most prestigious events and rallies, including the GTO club and tours – Value!
- Currently fitted with a 250 GT engine block built to GTO specification to allow the car to be driven to those countless classic events and vintages races – The original block has been removed for preservation and comes with the car.
This Ferrari's expected price of between $45 million and $60 million would make it the most valuable car ever put up for auction. A 1963 250 GTO sold for $70 million in a private sale. Another sold at auction in 2013 for $52 million, so the upper level of 3413's sale estimate definitely seems feasible.