Update 8/15/14: According to a post made on Bonhams’ Facebook page, this Ferrari 250 GTO Berlinetta sold for a total of $38,115,000. While the car did not break the world record for the most expensive car, it has broken the record for the most expensive sale at the Bonhams Quail Lodge event and most expensive car sold at an auction.
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It looks as though there will be a new record holder for the world’s most expensive car. According to an Aug. 12 article on Bloomberg.com, a 1962 Ferrari 250 GTO Berlinetta is looking to fetch $75 million today. The car will cross Bonham’s Quail Lodge Auction today at 5 pm PDT.
What makes this car so special, other than the fact that it’s a 250 GTO, is its history. Having a single family ownership, this car is in incredible condition and has been well maintained. It was purchased by Fabrizio Violati in 1965, according to the car’s lot description on Bonhams.com. The car remained in Volati’s possession until his death in 2010, making him the fourth and most recent owner.
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Adding to this 250 GTO’s value is its racing heritage. Upon its completion in 1962, the car was purchased by French privateer Jo Schlessler. He then immediately entered it into the annual Tour de France Automobile, where it placed second. Up until the car was purchased by Volati, it remained active in circuits, winning along the way.
Be sure to stay with us for the final price of this car as the auction draws to a close.