A 1962 Ferrari GTO race car auctions for record $51.7 million
Ohio collector, Jim Jaeger, co-founder of Escort radar company, owned the car for four decades before the sale. It was sold for $51.7 million at a RM Sotheby’s auction Nov. 13 in New York City.
An Automotive masterpiece, GTO costed around $18,500 back in 1962 was Powered by a 3.0-liter V12 engine, this racing icon produces a formidable 300 horsepower, propelling it to impressive speeds.
The interior combined the practicalities of racing with the style one would expect from a company known for its sophistication and acceleration featuring fine leather, vintage steering with yellow logo embedded along with components of usability.
The 1962 Ferrari 250 GTO has left its mark in the annals of automotive history with its unmatched blend of speed, flair, and technical genius. Thus, a car that truly deserved the title of most expensive Ferrari ever sold at auction.