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Meet the man who sold his Ferrari 250 GTO for a record $48 million

His life's journey from a Dodge Dart to one of the world's most desired cars

His life's journey from a Dodge Dart to one of the world's most desired cars.

Auctions
1962 Ferrari 250 GTO auctioned for a record $48 million

It beat all estimates.

Sold at Pebble Beach, this 1962 Ferrari 250 GTO became the most valuable car ever sold at an auction.

Auctions
Why this 1964 Ferrari 250 GTO will sell for at least $45 million

Being one of just 36 ever built is just the tip of the gelato cone

Being one of just 36 ever built is just the tip of the gelato cone.

Auctions
1962 Ferrari 250 GTO with $45M estimate most expensive car offered at auction

The third 250 GTO ever built has a respectable racing history under its belt

The third 250 GTO ever built has a respectable racing history under its belt.

Report
1963 Ferrari 250 GTO sells for $70 million

Private sale was at nearly double the last auction price for one of these

Private sale was at nearly double the last auction price for one of these.

Exclusive
Overdrive is a car heist film of multi-million dollar proportions

The main target is a Ferrari 250 GTO.

It's like Gone in 60 Seconds meets The Fast and the Furious.

Auctions
Classic Ferraris fight currency rates for bragging rights

The 1962 Ferrari 250 GTO sold a couple of years ago in Monterey still holds the record for the most expensive car ever sold at auction, if you count in US Dollars.

Video
Petrolicious goes running up that Hill in a Ferrari 250 GTO

Watch Derek Hill pilot his father's Ferrari 250 GTO in seven minutes of unedited footage courtesy of Petrolicious.

Video
New Zealander builds 1962 Ferrari GTO replica in chicken shed

Rod Temporo and his team in New Zealand work out of a chicken shed, but they create exacting replicas of vintage racers from scratch. This 1962 Ferrari 250 GTO might not be an authentic example, but the years of work in its creation are an astounding example of automotive artistry.

Auctions
$1.3B worth of classic cars were auctioned in 2014

Collector car insurance company Hagerty estimates that $1.3 billion in classic vehicles crossed the auction block in 2014 in North America, up slightly from 1.2 billion in 2013. About a third of that was just during the Monterey Car Week.

Official
Ferrari Classiche brings priceless crashed 250 GTO back to life [w/video]

When a car is worth millions of dollars, you don't simply write it off when it's damaged – you have it painstakingly repaired. But when that car's worth tens of millions, there's hardly any expense to be spared in its restoration. So after a rare Ferrari 250 GTO crashed a couple of years ago during a special event, its owner (presumably at the behest of his insurance company) sent the damaged specimen back to the factory for a full restoration to its original condition.

1962 Ferrari 250 GTO Sells For $38 Million At Auction

The classic Ferrari broke the world record for cars sold at auction

A 1962 Ferrari 250 GTO broke the record for cars sold at auction when it went for $38 million Thursday night at a Bonhams auction during Monterey Car Week.

Monterey
1962 Ferrari 250 GTO hits record $38 million sale at Bonhams' Monterey auction

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

Followup
Ferrari 250 GTO could fetch as much as $75 million at auction

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.

ETC
Christopher Ward chrono has actual metal from a Ferrari 250 GTO

We've seen watchmakers use all sorts of methods to make their timepieces more attractive to automotive enthusiasts, from carbon-fiber dials and titanium cases to the logos of partnering automakers and racing series. Some have even designed all-new watches to go with a specific make or model. But Christopher Ward has taken things a step further with its latest chronograph.

Report
$64M Ferrari 250 GTO could be a fake

Remember that Ferrari 250 GTO that we reported on last week, supposedly listed on mobile.de for $64 million? Well, don't go putting down your deposit just yet, because it might be a fake.

ETC
1962 Ferrari 250 GTO for sale in Germany at $64 million [UPDATE]

UPDATE: A previous version of this article incorrectly listed the production period for the 250 GTO. The text below has been updated with the correct information.

Auctions
Ferrari 250 GTO heading to The Quail with no reserve

It's not every day that a Ferrari 250 GTO changes hands. It is, after all, one of the most highly coveted cars ever made, and there were only 39 of them built in the first place. So when one goes up for sale, it tends to fetch millions. Tens of millions, actually, and the prices keep escalating.

Video
1964 Ferrari 250 GTO sees Petrolicious embracing gorgeousness

We've never, ever accused Petrolicious of slacking when it comes to the quality of cars it features. Each week brings a new, exciting, rare vehicle that has some special quality or provenance to it. But this week's video... it's beyond everything else the series has ever done.

ETC
This computer-generated Ferrari 250 GTO carved from marble rocks

The Ferrari 250 GTO ranks as perhaps the most valuable production car ever made. In just the past two years, units of the ultimate '60s sports car have sold for $32 million, $35 million and maybe as high as $52 million. With just 39 of them ever assembled, these Ferrari owners are among a rarefied class of an already top-tier class of car collectors. So once you collect the ultimate car, then what do you do? How about buy a scale model of it hewn from a single block of Arabescato marble by stone

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