Did a 1964 Ferrari 250 GTO Sell for $52 Million?

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Classic Ferraris are well known for holding their value. As is the case for some, that value inflates faster than gold. The amount the vehicle is worth comes down to its history, and the exclusivity it holds from its start, and unconfirmed reports of a recently sold 1964 Ferrari 250 GTO may attest to that fact.

In Aug. 2013, a 1967 Ferrari 275 GTB/4 NART Spyder sold for $27,500,000 at RM’s Monterey auctions. The vehicle was one of ten units ever produced and was a prodigy of its time. However, it still wasn’t enough to beat the world record $35,000,000 sale of the 1962 Ferrari GTO in April 2012.

The 1964 Ferrari GTO that was allegedly sold recently was one of only forty units produced and was originally sold to pilot Jean Guichet as a racecar. In that GTO, Guichet went on to win the 1963 Tour de France and sparked the start to the sports car’s history. The vehicle’s small V12 was unmatched and continuously claimed victories, right up until it was sold to Paul Pallardo.


Pallardo considered herself to be an intense adventure collector and made her way around the world with the prestigious sports car, making appearances in shows and entering into 250 GTO rallies. Now the vehicle is but an iconic memory of a fantastic history between the two owners, and when making its way onto the market, it left one more tire mark on the world.

Used Ferrari For Sale

Reports state that the vehicle went up for sale and sold for an astonishing $52,000,000. Although the deal is thought to have been a private agreement and so the precise number and date sold cannot be confirmed at this time.

“I do not confirm these things, I have no comment about!” Said Pallardo in an Oct. 3 press release.

The sale had been confirmed by three independent traders, but Pallardo refused to participate. However, in the case that the rumors are true, the world will have seen a new world record for the most expensive automobile. This classic supercar may have marked the rise of valuable and historical Ferrari’s to an entirely new level.