Saturday, March 15, 2025

The most expensive cars ever sold

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Price: $51,705,000 (£41,455,000)

You’re looking at the most expensive Ferrari ever sold at auction – and it’s another 250 GTO. It went under the hammer at an RM Sotheby’s auction in New York, though the auction house declined to reveal who paid the sky-high sum.

It’s a special Ferrari, this. Built in 1962, this GTO Tipo is one-of-one and is the only works model to be driven by a 4.0-litre engine from new, and one of just 34 GTOs built with Tipo 1962 coachwork.

It also bears an illustrious motorsport history. It’s the only GTO Tipo 1962 ever raced by Scuderia Ferrari and featured in the 1962 Le Mans 24 Hours and the Sicilian Hillclimb Championship. Previous owners include a chairman of the Ferrari Club of America.

Despite being an auction record, the 250 GTO Tipo still fell short of RM Sotheby’s initial bid estimates of $60,000,000, according to the New York Times. Still, the seller looks to have made an unbelievable profit, having originally bought the car for $500,000 in 1985 – the equivalent of $1.4m today.

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