Ferrari 250 GTO Fetches 15 Billion PKR in Recent Sale

Jawad

16 Nov 2023

439

Ferrari 250 GTO Fetches 15 Billion PKR in Recent Sale

Setting a new benchmark as the priciest Ferrari ever auctioned, the Ferrari 250 GTO achieved an unprecedented sale at a staggering $51.7 million (equivalent to PKR 15,006,726,800). The auction, facilitated by RM Sotheby, showcased this factory-owned gem during Marquee Week Sales of Modern and Contemporary Art in New York, etching its significance as an event for the ages.

The Ferrari 250 GTO enjoys an illustrious reputation in the classic car realm, drawing interest from elite bidders worldwide, culminating in this momentous transaction.

This 1962 model holds an impressive racing pedigree, having been a part of the renowned Scuderia Ferrari team. It stands as the sole GTO Tipo 1962 raced by the esteemed racing group, achieving a class victory and a memorable second-place overall finish at the iconic 1962 Nürburgring 1,000 kilometers—an accomplishment eternally embedded in motorsport history.

During the challenging 24-hour race, legendary drivers such as Mike Parkes and Lorenzo Bandini took the wheel, representing the Scuderia Ferrari. Their remarkable performance contributed significantly to establishing the enduring legacy of this exceptional car.

Highlighted by the auction gallery as one of the 34 GTO examples featuring Tipo 1962 coachwork and the sole vehicle originally equipped with a 4-liter engine, chassis number 3765 has been extensively profiled in Ferrari-focused publications.

Termed a "once-in-a-generation" opportunity, this automotive masterpiece has found a new home after nearly four decades in private ownership, marking a poignant chapter in its storied history.

Ferrari Ferrari 250 GTO Ferrari 250 GTO auction price Recent sale of Ferrari 250 GTO Ferrari 250 GTO market value Ferrari Luxury car auctions 2023

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