In pics: This is the most-expensive Ferrari ever auctioned. Just guess the price
- The 1962 Ferrari 250 GTO fetched a record high price even though expectations were for it to manage an even higher price.

A 1962 Ferrari 250 GTO recently became the most-expensive Ferrari model at any auction ever. It commanded an auction price of $51.7 million at an event organized by RM Sotheby in New York City. (AFP)

A 1962 Ferrari 250 GTO recently became the most-expensive Ferrari model at any auction ever. It commanded an auction price of $51.7 million at an event organized by RM Sotheby in New York City.

The bidding for the Ferrari 250 GTO was started at $34 million and the hammer came down on a final bid price of $47 million. In addition, there is a 10 per cent buyer's premium. (AFP)

The bidding for the Ferrari 250 GTO was started at $34 million and the hammer came down on a final bid price of $47 million. In addition, there is a 10 per cent buyer's premium.

While the new owner of the Ferrari GTO has not been revealed, this particular unit was previously owned by Ohio-based collector Jim Jaeger for over four decades. (AFP)

While the new owner of the Ferrari GTO has not been revealed, this particular unit was previously owned by Ohio-based collector Jim Jaeger for over four decades.
Also check these Vehicles
Find more Cars

What makes this particular Ferrari truly unique is that it is the only Ferrari GTO to have ever been equipped with a four-litre engine. (AFP)

What makes this particular Ferrari truly unique is that it is the only Ferrari GTO to have ever been equipped with a four-litre engine.

Although a record bid for a Ferrari, it was expected that this unit would command an even higher bid. It nonetheless did better the previous bid record for a Ferrari which was back in 2018 when a 1962 Ferrari 250 GTO that fetched $48.4 million. (AFP)

Although a record bid for a Ferrari, it was expected that this unit would command an even higher bid. It nonetheless did better the previous bid record for a Ferrari which was back in 2018 when a 1962 Ferrari 250 GTO that fetched $48.4 million.
First Published Date: 15 Nov 2023, 10:09 AM IST
NEXT ARTICLE BEGINS
Editor's Pick
Trending this Week