Home / Social media / News / This 1962 Ferrari 330 LM / 250 GTO could sell for up to R1.16 billion. BILLION!


Some cars are worth more than others, and it’s quite weird how the values are attained. In the world of classic cars, some have values that make absolutely zero sense. Some have a rarity factor and some have that as well as a proven provenance. The most valuable seem to the the ones made in limited numbers that were used in early races, and their performance was so good that they helped steer the manufacturer in question to worldwide racing and commercial success. Such is the case for the manufacturers of the great sportscar brands we have today, most notably Ferrari, Lamborghini and Mercedes-Benz. Out of those brands, it’s Mercedes-Benz that has the record for the most expensive car ever sold when a 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupé sold for the ridiculous amount of $114,400,000, or just over R2,230,000,000. Yup, two billion, two hundred thirty million dollars. That could buy over 26,000 of the same car I drive now. Not that the car will ever really be driven anywhere. The most expensive Ferrari ever sold at auction is a 1964 Tour de France-winning Ferrari 250 GTO changed hands for a staggering $70 million, or just about R1,370,000,000. It was bought by David MacNeil, the founder of automotive accessory giant WeatherTech.That was a closed auction though, so not everyone who had the funds was able to partake in the auction. This time round, an apparently equally rare early 60s Ferrari is headed to the auction block with RM Sotheby’s and that means the 1% of the world’s 1% will have access to the bidding so we may possibly soon see another record set.

The Ferrari in question is a 1962 Ferrari 330 LM / 250 GTO. What makes it special is that it’s the only GTO that was actually raced and campaigned by Scuderia Ferrari themselves. The car has a great run and stayed in one piece, which is quite an achievement considering the conditions and almost non-existent safety standards back then. The car had a class win and 2nd overall finish at the 1962 Nürburgring 1000 km, it was driven by Mike Parkes and Lorenzo Bandini for Scuderia Ferrari at the 1962 24h-Hours of LeMans, and it was the 1965 Sicilian Hillclimb Championship runner-up. The car ended up under the curatorship of a chairman of the Ferrari Club of America and has been owned by the current owner for 38 years. We bet he never knew its value would appreciate in value as much as it has. The car was also the winner of an FCA Platinum Award, the Coppa Bella Macchina at the Cavallino Classic, 2nd in the GTO Class at the prestigious 2011 Pebble Beach Concours d'Elegance, and Best of Show at the famed Amelia Island Concours d'Elegance. The sale includes well-documented copies of the factory build sheets, the owner's correspondence, period racing coverage as well as the various magazine feature articles focused on the car. So far experts have valued the 250 GTO quite high, with estimates that it could sell for as much as $60 million, or close to R1.2 billion. With anyone allowed to join, it may just surpass that. At SXdrv we think there’s a bazillionaire who is narcissistic enough to pay more than $70 mill just to have bragging rights to the most expensive Ferrari ever sold at auction. It’ll be a hard record to beat, the current record is 5 years old already.

Take a look at the YouTube video that shows a glimpse of what makes this 1962 Ferrari 330 LM 250 GTO so special. By all accounts the car will likely end up as the most expensive Ferrari ever sold at public auction, and may fetch pricing neat the record holder that sold for $10,000,000 more than the estimates for this car, but on the day you never know who is in the mood to throw around unbelievable levels of F-you money: RM Sotheby's - The One - Ferrari 250 GTO | Timeless Addict

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