Ferrari 250 Gto
His life's journey from a Dodge Dart to one of the world's most desired cars.
Sold at Pebble Beach, this 1962 Ferrari 250 GTO became the most valuable car ever sold at an auction.
Being one of just 36 ever built is just the tip of the gelato cone.
The third 250 GTO ever built has a respectable racing history under its belt.
It's like Gone in 60 Seconds meets The Fast and the Furious.
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.
Watch Derek Hill pilot his father's Ferrari 250 GTO in seven minutes of unedited footage courtesy of Petrolicious.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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