A bright red Ferrari with a storied history sold for $51.7 million, with buyer’s fees, on Monday, becoming the most expensive automobile from that Italian carmaker ever sold at auction.
RM Sotheby’s, the automobile seller in which Sotheby’s bought a controlling stake in 2022, offered the 1962 Ferrari 330 LM/250 GTO by Scaglietti with an unpublished estimate of $60 million.
Two bidders drove the price to $47 million before auction-house fees.
Sotheby’s promoted the car as a luxury object, offering it in a stand-alone sale during its marquee fall auctions of fine art in New York.
There are only 36 Ferrari 250 GTOs in existence, produced between 1962 and 1964.
Persons:
Sotheby’s, Oliver Barker —, Europe —, Jonas Wood, Ralph Lauren, Nick Mason, Pink Floyd
Organizations:
Ferrari
Locations:
New York, Europe