Vintage Ferrari Expected To Bring In $45 Million At Auction

Automotive experts are estimating that a 1962 Ferrari 250 GTO could fetch more than $45 million when it goes up for auction in August. If the predictions are correct, the Ferrari ’62 will become the most valuable car ever sold to the public at an auction event.

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Auctioneers RM Sotheby’s recently announced that the vintage racing car is not only powerful and stylish, but it is also a collector’s item as the famous Italian automaker only produced 36 units of the 250 GTO.

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The auction will take place in California over the weekend of August 24 and 25. With the first owner and driver behind the wheel, the Ferrari that entered the bid won the 1962 Italian National GT Championship. along with nine other races that same year. Dr Greg Whitten, CEO of Numerix Software and a passionate car collector, has owned the spectacular machine since 2000 and has even brought it to many other classic races and events. together.

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“The GTO is essentially the ultimate true road racer, marking the end of an era where drivers really got their hands dirty,” said Shelby Myers, car expert at RM Sotheby’s.

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Myers added: “This is the last car you can park in the garage, drive to the track, win the race and then drive home.

The Ferrari will be auctioned off at the annual Concours d’Elegance motorcycle week event in Pebble Beach, California. Whitten has yet to comment on why he is selling a rare car.

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So far, the world record for the most valuable car ever sold at auction belongs to another 1962 Ferrari 250 GTO. Back in 2014, the classic racing car sold for a whopping $38.1 million. For almost four years, this record has held. We’ll see if things change in August!

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