Ferrari GTO may become most expensive ever auctioned

One of the Holy Grails of the car collecting world is about to come up for auction—and it’s likely to set an all-time price record.

A 1962 Ferrari 250 GTO will be put up for auction by Bonhams in August, as part of the events surrounding the Pebble Beach Concourse d’Elegance. While Bonhams won’t give an estimate, Ferrari experts and collectors said it’s likely to fetch well over $35 million and could even top $50 million. That would top the current record holder—a Mercedes-Benz W196R racer that was sold by Bonhams last July for $31.6 million including auction fees.

Ferrari GTO may become most expensive ever auctioned.

 

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