May 23, 2019

Ferrari 250 GTO goes for $48,405,000 at Monterey Auction

$48.4 million bid at Monterey auctions

A 1962 Ferrari 250 GTO that was bid to $48,405,000 at the RM Sotheby’s sale at Monterey, California has become the most valuable car ever sold at public auction, beating the previous record for a 250 GTO – $38,115,000 – set in 2014.

The car sold on Sunday is the third of 36 250 GTOs built and is one of four early cars subsequently converted by the Scaglietti coachworks in 1964 with more aerodynamic bodywork designed by Pininfarina.

The Ferrari 250 GTO is acknowledged as being one of the most significant racing cars of all times. The first owner of this specific car, Edoardo Lualdi-Gabardi, was one of the most successful Italian privateers on track and in hillclimbs. With it he took the class win in the 1962 Italian GT Championship. Second owner, Gianni Bulgari, took first in class and 4th overall at the 1963 Targa Florio and the third owner, Corrado Ferlaino, repeated that class victory and came 5th overall at the same gruelling endurance race the year after with the modified bodywork.



The new 488 Pista Spider Joins the Family

In front of Casa Ferrari at Pebble Beach today, a concours of Ferrari Spiders graces the First Fairway.

The newest 488 Pista Spider joins the line-up as the 50th drop-top model from the Prancing Horse and yesterday’s world premiere in the US was a natural choice given that, ever since the 1950s, North American clients have always been keen connoisseurs of high-performance convertibles.

Fittingly, 50 examples of past drop-top models, all Ferrari Classiche certified, are presented on the lawn as a show of the exceptional lineage of the newest model. Among them a 212 Export, 250 Monza, 335 S, 250 Testa Rossa, 412 S, no less than four 275 GTS4 NART Spiders, 250 California, F50, F60America, LaFerrari Aperta, to name a few.


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