Most Expensive Ferrari Ever Sold At Auction

On 13th November, during the Contemporary and Modern Art sale, hosted by RM Sotheby’s in New York, a 1962 Ferrari 330 LM / 250 GTO became the second highest-priced car ever sold at auction, and the most valuable Ferrari ever sold at auction with the winning bid coming in at $51.7 million (approx £42 million).

Chassis 3765 has been in a private collection for almost forty years, until this week, when a select group of bidders met behind closed doors (and on the phone) to have the chance to own this exceptional car.

This 1962 GTO Tipo was the only one raced by Scuderia Ferrari and comes with a history that most cars could only dream of. During its racing years, accomplishments included a class win and a 2nd overall finish at the 1962 Nürburgring 1000 KM. Driven by Mike Parkes and Lorenzo Bandini at the 1962 24 Hours of Le Mans, it also took the runner-up spot in the 1965 Sicilian Hillclimb Championship.

Previously owned by a Ferrari Club of America chairman, it won an FCA Platinum Award, the Coppa Bella Macchina at the Cavallino Classic, secured 2nd place in the GTO class at the 2011 Pebble Beach Concours d’Elegance, and earned a Best of Show Award at the Amelia Island Concours d’Elegance.

Gord Duff, Global Head of Auctions, said “Celebrating this sale during Sotheby’s marquee week highlights the unparalleled stature of this Ferrari as one of the world’s most desirable objects. The result, achieved through collaboration between Ferrari, RM Sotheby’s, and Sotheby’s, echoes our mutual pursuit of perfection—mirroring the very ethos Enzo Ferrari embodied when designing this car. Fetching $51.7 million, this transaction adds a new chapter to a vehicle with an unmatched legacy. Now, it ranks among the most expensive cars sold at auction, a true testament to its singular place in history.”