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Home / Business / The 1962 Ferrari 250 GTO smashes record, hammering for $ 44 million at auction

The 1962 Ferrari 250 GTO smashes record, hammering for $ 44 million at auction




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RM / Sotheby's auctions in Monterey Week lived up to its reputation: the famous Ferrari 250 GTO of 1962, the famous automobile collector Greg Whitten, chassis 3413, the star the Saturday night The car, lot 247, achieved a hammer price of 44 million dollars in a room that vibrated with excitement in just 12 minutes of lively bidding. With a buyer's premium the total price amounts to 48.4 million dollars Agents Delivered The extremely rare Ferrari was widely regarded as the most valuable vehicle ever to be auctioned, as described here.

This 1962 Ferrari 250 GTO was auctioned for $ 44 million Patrick Ernzen © 2018 Courtesy of RM Sotheby's.

"I'm very happy," says salesman Greg Whitten, champagne surrounded by his wife and close friends.

The Mark t for Ferrari 250 GTOs continues to grow and is sold for a stunning figure Just last June, German racing driver Christian Glaesel sold his 1963 Ferrari 250 GTO, chassis 4153, between $ 70 and $ 80 million in a private sale to the founder of WeatherTech Floor mats, David MacNeil. In 2014, Chassis 3851 was sold for $ 38.1 million at auction, the most expensive car ever auctioned at that time. Another private home sale by American collector Paul Pappalardo in 2013 estimated his 250 GTO for around $ 52 million.

Ferrari historian and expert Marcel Massini recently told CNBC that he expects a similar car to the $ 70 million chassis to be $ 4153 million over the next two to three years. C urrent 250 GTO owners include Ralph Lauren; Pink Floyd drummer Nick Mason; Peter Sachs, grandson of Goldman Sachs founder Samuel Sachs; and Jon Shirley from Microsoft. Three currently own two 250 GTOs, including hedge fund founders Tony and Lulu Wang (unrelated to British owner Brandon Wang), Rob Walton of Wal-Mart, and British businessman Sir Anthony Bamford, who once for a short time owned the chassis that was just sold. Should one of them decide to sell and set Whithten's car to a new high, that $ 100 million mark will be tightened.

The success of the RM / Sotheby's auction is a vintage classic car market that has cooled off since 2013 when aggressive investors populated the field and were in search of a recession. According to José Luis Celada, a vintage collector from Buenos Aries surveyed here by the New York Times, the opportunists are less active and leave the market once again for specialists, which means few buyers. But vintage Ferraris continue to be among the most preferred, especially in pristine and preferably running condition.

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RM / Sotheby's auctions at Monterey Week lived up to their reputation, with the famous collector Greg Whittens 1962 Ferrari 250 GTO, chassis 3413, the star of Saturday night's auction: the car, Lot 247, scored in only 12 minutes of lively bidding in an absolutely energetic room a supplement of 44 million dollars, with buyer surcharge the total price The prize money is 48.4 million US dollars, the contract was awarded through an agent, the new owner was not yet known, the extremely rare Ferrari was considered the most valuable vehicle ever auctioned, as described here.

This 1962 Ferrari 250 GTO Auctioned for $ 44 Million Patrick Ernzen © 2018 Courtesy of RM Sotheby & # 39; s. [19659002] "I'm very happy," says salesman Greg Whitten, clinking champagne surrounded by his wife and close by

The market for Ferrari 250 GTOs continues to grow and sell for breath consuming numbers. Just last June, German racing driver Christian Glaesel sold his 1963 Ferrari 250 GTO, chassis 4153, between $ 70 and $ 80 million in a private sale to WeatherTech floor mats founder David MacNeil. In 2014, Chassis 3851 was sold for $ 38.1 million at auction, the most expensive car ever auctioned at that time. Another private home sale by American collector Paul Pappalardo in 2013 estimated his 250 GTO for around $ 52 million.

Ferrari historian and expert Marcel Massini recently told CNBC that he expects a similar car to the $ 70 million chassis to be $ 4153 million over the next two to three years. C urrent 250 GTO owners include Ralph Lauren; Pink Floyd drummer Nick Mason; Peter Sachs, grandson of Goldman Sachs founder Samuel Sachs; and Jon Shirley from Microsoft. Three currently own two 250 GTOs, including hedge fund founders Tony and Lulu Wang (unrelated to British owner Brandon Wang), Rob Walton of Wal-Mart, and British businessman Sir Anthony Bamford, who once for a short time owned the chassis that was just sold. If any of them decide to sell and put a new high-mark on Whithten's car, then that 100-million-dollar mark is coming closer and closer.

The success of the RM / Sotheby & # 39; s Auction has been a cooled vintage car market since 2013, when aggressive investors overcrowded the field, looking for recession offerings. According to José Luis Celada, a vintage collector from Buenos Aries surveyed here by the New York Times, the opportunists are less active and leave the market once again for specialists, which means few buyers. But old Ferraris are still among the most preferred, especially in pristine and preferably running condition.


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