1962 Ferrari 250 GTO – The most expensive car ever?

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1962 Ferrari 250 GTO – The most expensive car ever?

The most expensive car ever? 1962 Ferrari 250 GTO: The 1962 Ferrari 250 GTO to be auctioned by RM Sotheby

The 1962 Ferrari 250 GTO to be auctioned by RM Sotheby

In the last five years alone, one was auctioned for $38 million, another reportedly sold for $52 million, and still another sold in June 2018 for $70 million, making it the most expensive car ever sold.

Now RM Sotheby’s is offering a 1962 Ferrari 250 GTO that could set a new world record. Scheduled for auction in Monterey this August 25, it was the third of only 36 GTOs ever built, test driven by renowned F1 champion Phil Hill, and raced to several victories including the Italian National GT Championship in 1962, where it won nine out of ten races.

The most expensive car ever? 1962 Ferrari 250 GTO: Interior of the 1962 Ferrari 250 GTO to be auctioned by RM Sotheby

Interior of the 1962 Ferrari 250 GTO to be auctioned by RM Sotheby

While listed by RM Sotheby’s at $45 to $60 million, it is likely to sell for more. The auction house describes it as “the most valuable automobile ever offered for public sale” and Marcel Massini, a world-leading expert on collectible Ferraris as well as one of the inspectors of this particular vehicle, was recently quoted as saying, “We will see a GTO sell for $100 million in the next two to three years.”

The tremendous appeal of the Ferrari 250 GTO lies in its unparalleled beauty, exclusivity and racing success. Many consider it the most attractive Ferrari ever built. Its impeccable handmade quality has kept all 36 examples intact. And its victories (or first in class) in nearly 300 races worldwide make it one of the most celebrated racing cars in the annals of Ferrari history. Of course, the naturally aspirated V12 engine with addictive exhaust note is another feature that keeps collectors and enthusiasts dreaming.

The most expensive car ever? 1962 Ferrari 250 GTO : 1962 Ferrari 250 GTO engine

1962 Ferrari 250 GTO engine

Dreamers who aren’t billionaires can satisfy their Ferrari passion by purchasing a new Ferrari such as the 2018 Ferrari 812 Superfast with 12-cylinder engine, the fastest production Ferrari ever made —for a mere $315,000.

The most expensive car ever? 1962 Ferrari 250 GTO : 2018 Ferrari 812 Superfast

2018 Ferrari 812 Superfast

Others choose to quench their lust for Italian power and style with affordable used Ferraris they dreamed of in their youth. In markets like Japan, where used car dealers and used car auctions offer over 150,000 vehicles every week, old Ferraris in exceptional condition can be purchased and imported to one’s home country at surprisingly affordable prices.

The most expensive car ever? 1962 Ferrari 250 GTO : 1991 Ferrari Testarossa sold by Japan Car Direct

1991 Ferrari Testarossa sold by Japan Car Direct

This gorgeous Ferrari Testarossa, for example, was purchased in Japan by Japan Car Direct and exported to its happy owner abroad. Few cars in history have so dramatically captured the world’s imagination.

The most expensive car ever? 1962 Ferrari 250 GTO : A 1994 Ferrari 512 TR exported by Japan Car Direct

A 1994 Ferrari 512 TR exported by Japan Car Direct

This 1994 Ferrari 512 TR supercar is another example of used Ferraris from the past that still press all the right emotional buttons.

When you’re ready to follow your passion and purchase the used car of your dreams, whether used Ferrari supercar or used European luxury sedan, be sure to contact Japan Car Direct and compare. We make the purchase and import process easy.

  • 5 star review  Do yourself a favor, call Mathew at Japan Car Direct. Let him take the worry about doing business over seas off your plate. Not knowing anything about importing vehicles from Japan, I spent countless hours studying and trying to figure it all out. The headaches were too much! After Mathew walked me through the process it was a piece of cake. We've already bought a couple and are now buying more with complete confidence. Thanks guys, much much appreciated.

    thumb Richard Harris

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    thumb Mike Ross

    5 star review  I had been toying with the Idea of importing a Land Cruiser from Japan for a while and to be honest was quite hesitant about doing so, as the process for a first timer seemed quite daunting. Mathew at JCD made the whole process SUPER EASY! Been a pleasure dealing with him and was kept informed every step of the way and super fast communication kept the whole process stress free! Thanks again Mathew and I'm looking forward to the next Cruiser! Cheers!!

    thumb Mike Dorsch

    5 star review  I was daunted by the prospect of purchasing a vehicle overseas. Mathew was right there to offer direction and assurance along the way. He was quick to respond and most importantly, his word was good. Everything came to pass as he advised. The only point that went differently from his anticipation was the duty tax, which inherently has room for interpretation and may depend on the port of delivery. Would I go to Mathew and JCD again? Absolutely! With his help I obtained a suzuki carry with 8k miles, 4wd hi/lo w/ diff lock, in excellent condition, for a total of 5k from auction to driveway--tremendous value in my estimation. Thanks Mathew, the little truck is a fine addition to the farm. My kids, and my wife, love to drive it:)

    thumb Patrick Molitor
  • 5 star review  Mathew at Japan Car Direct has been a HUGE help and continually went above and beyond with assisting me. It was my first time bidding on vehicles at auction and having them shipped to the US. He even helped me arrange a mechanic in Japan to do some work on the Hiace I purchased so that it would arrive in the US in tip top shape and be ready to hit the road. I look forward to doing more business with Mathew in the future and you should too!

    thumb Charles Gross

    5 star review  I was totally clueless and was having a really hard time finding someone that I felt I could trust to help me with these auctions. A couple folks recommended Mathew over at JCD and I very reluctantly reached out. Yeah, I have trust issues. Dude put me at ease and really walked me through the whole process. After a couple months I didn’t end up buying a vehicle, but that’s on me. When I changed my direction, Mathew helped me wrap things up and wished me well. I have zero reservations about reaching out to these guys or recommending anyone else to do so. Very helpful, knowledgeable, prompt and everything I needed. You won’t be disappointed.

    thumb largejohn77

    5 star review  Ordered an Acty Van with these guys. five star service all the way. everything went perfect!!!. I was so afraid to import a car myself. JCD made it seamless. I would import wit them and only them again and again. Thanks guys!!

    thumb Scott Irby-Ranniar
  • 5 star review  Discovered KEI vehicles about a year ago and spent many hours searching the internet in hopes of finding an affordable van state side, to no avail. That is until I sent a message to Mathew at JCD. He was quick to respond, answered way too many of my silly questions, and worked diligently to find the right van for me. He is thorough, clear, and timely. Made the process simple and enjoyable. I am more than excited to work with him again. I highly recommend the service these gentlemen provide.

    thumb Benjamin Ferguson

    5 star review  Matt made importing a few mini trucks for our farm a breeze. Super easy to deal with and transparent with all the details involved in bidding and winning auctions, the import process, and everything in between.

    thumb Ben and Maggie O'Brien

    5 star review  My truck had been stolen and Matt was helping me bid on mini-trucks to replace it. Of course once we started bidding the truck was recovered, but Matt was upfront and very helpful both getting into and out of our auction based relationship. I would not hesitate to work with JCD again!

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  • 5 star review  I worked with Mat and i believe i couldn't have done any better. This was my first time dealing with importing, Mat was so patient and helpful through this purchase. I also feel he got me the best deals, i have since the first purchase made two more and will continue to do business with Mat.

    thumb robert barnowsky

    5 star review  I purchased three vehicles from auction with Matt, he made it extremely easy and was available whenever I needed him throughout the entire importing process. This is not the last time I will be dealing with them. I plan to order more vehicles in the near future! If your looking for a trustworthy company to order vehicles through I highly recommend JCD!

    thumb dylan christner

    5 star review  Mathew was super helpful if helping me get more info and bid on cars I was interested in.

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