Cars
A 1962 Ferrari GTO Race Car Auctions for Record $51.7 Million
Even in a cooling market, the 330 LM / 250 GTO reaffirms the blue-chip status of the Italian brand.
The 1962 Ferrari 330 LM / 250 GTO by Scaglietti offered by RM Sotheby’s.
Source: RM Sotheby’s
A 1962 Ferrari 330 LM / 250 GTO by Scaglietti, the coveted Italian coachbuilder, sold for $51.7 million at a RM Sotheby’s auction Nov. 13 in New York City. It was the most expensive Ferrari ever to sell at auction and the most expensive classic car sold publicly anywhere in the world this year.
Jim Jaeger, a prominent collector in Ohio and co-founder of the company that came to manufacture Escort radars, owned the car for nearly four decades prior to the sale. A spokesperson from RM Sotheby’s did not identify the new owner.