1962 Ferrari 250 GTO Sells For Record us$38m

A rare 1962 Ferrari 250 GTO once owned by a famed racing driver and Olympic gold medalist has sold for US$34.65 million.

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Thursday’s sale at an auction in California during Monterey Car Week is believed to be a record public auction price for a classic car, topping the nearly $30 million paid for a Mercedes W196 last year in England.

The Los Angeles Times reports the US$38 million total price — including 10% buyer fees — is half of what experts said it could fetch. One example reportedly sold for $52 million in a private transaction.

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The car is one of just 39 Ferrari GTOs produced and was once owned by racer and retired Olympic gold medal skier Henri Oreiller, who died after crashing it into a building.

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