Ricochet News

Record price for limited edition Ferrari

Record price for limited edition Ferrari

Regarded by many as the ultimate model to emerge from the famed prancing’s horse factory in Maranello, a 1962 Ferrari 250 GTO Berlinetta has become the most expensive car ever to be sold after it fetched $38 115 000 (R401 732 100) at the Pebble Beach Concours d'Elegrance in California on Thursday.

This breaks the previous record of $29 650 000 (R312 511 000) set in 2013 by a 1954 Mercedes-Benz W196R Formula 1 car, famously campaigned by five-times F1 champion, Juan Manual Fangio.

With a limited production run of only 39 examples between 1962 and 1964, the Scaglietti bodied GTO is one of the rarest cars ever produced, and also the last front-engined Ferrari built for international competition.

Sporting the chassis number 3851GT, identifying it as the 19/36 made, the record braking GTO sports a colourful racing history having been campaigned by the French duo of Jo Schlesser and skiing champion, Henri Oreiller, in that year’s Tour de France Auto. The pair eventually finished second but during the following round at the Montlhery Autodrome near Paris, an accident cost Oreiller his life.

Having been rebuilt after the crash, the GTO mostly raced in national hill-climbing events until 1965, when it was bought by a wealthy amateur Italian racing driver, Fabrizio Violati, who used it regularly in historic racing events until his death in 2010.

Although expected to garner $50-million (R527-million), Bonhams auction house Chairman, Robert Brooks, released a statement, saying that they are elated with the final sum.

“It's been a genuine privilege to represent this outstanding car and we are absolutely delighted with today's results. We've always maintained that we would exceed the current world record and that the car would bring between $30-$40-million and today the GTO did just that,” read the statement.


Caption: The world's new most expensive car ever, a 1962 Ferrari 250 GTO Berlinetta. Image sourced from bonhams.com