Home » Vehicles » Iconic 1962 Ferrari 330 LM / 250 GTO Fetches Record-Breaking $51.7 Million at Auction

Iconic 1962 Ferrari 330 LM / 250 GTO Fetches Record-Breaking $51.7 Million at Auction

1962 Ferrari 330 LM / 250 GTO by Scaglietti A 1962 Ferrari 330 LM/250 GTO by Scaglietti, widely regarded as one of the most coveted Ferraris ever produced, achieved a record-breaking sale price of $51.7 million at an RM Sotheby’s auction in New York City. Adorned in a vibrant shade of scarlet, Chassis 3765, featuring the distinctive No. 7 racing livery, holds a unique status. It stands out as the sole Ferrari GTO example originally fitted with a 4-liter engine and is the only factory GTO Tipo 1962 that Scuderia Ferrari raced, says Sotheby’s.

Piloted by Mike Parkes and Lorenzo Bandini at the 1962 24 Hours of Le Mans, it secured a class win and an impressive second-place finish overall at the Nürburgring 1,000 KM race in the same year. The car also achieved the position of runner-up at the Sicilian Hillclimb championship in 1965.

In 2012, it claimed the prestigious Best in Show accolade at the Amelia Island Concours d’Elegance held in Florida.

“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,” RM Sotheby’s global head of auctions Gord Duff said in a statement. “Fetching $51.7 million, this transaction adds a new chapter to a vehicle with an unmatched legacy.”

The last bid sealed the deal at $47 million, and with a buyer’s premium of 10%, the total price reached $51.7 million. However, despite setting a record, the final sale price fell short of expectations. It appears that investing in ultra-rare and historically significant Ferraris with a racing pedigree is not just a wild idea—it’s actually a pretty smart move!

Photo Credits: Jeremy Cliff / Courtesy of RM Sotheby’s

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