The Most Valuable Car Ever Offered at Auction – 1962 Ferrari 250 GTO to Headline RM Sotheby’s Monterey

180620 RM Sotheby's - Monterey - 1962 Ferrari 250 GTO - 678
  • The Holy Grail: highly original, numbers-matching 1962 Ferrari 250 GTO set to star at RM Sotheby’s Monterey sale, 24-25 August
  • One of just 36 built, the GTO boasts successful period racing history, including winning the 1962 Italian National GT Championship (victories in 9 out of 10 races) and 1st in class at the 1963 and 1964 Targa Florio
  • Estimated to bring in excess of $45 million, the GTO is the most valuable car ever offered for public sale
  • View Ferrari 250 GTO on track with current owner Dr. Greg Whitten, an early Microsoft employee, at the wheel:
  • Further information and updated list of entries for Monterey auction available at

BLENHEIM, ONTARIO, CANADA – June 20, 2018 – (Motor Sports Newswire) –  RM Sotheby’s is honored to announce that it has secured a 1962 Ferrari 250 GTO, perhaps the ultimate collector car, for what is set to be its most exciting Monterey auction offering to date.

RM Sotheby's - Monterey - A look into the 1962 Ferrari 250 GTO set for RM Sotheby’s Monterey
A look into the 1962 Ferrari 250 GTO set for RM Sotheby’s Monterey  – Patrick Ernzen © 2018 Courtesy of RM Sotheby’s

Ferrari’s 250 GTO was effectively the final evolution of the marque’s famous 250 model, which debuted in 1953 and ended with the last GTOs in 1964. In total, a mere 36 examples of the 250 GTO were ever produced, all of which have survived. Widely considered the most beautiful Ferrari design, the model was one of the most successful road/racing cars that the marque ever built, claiming overall victory or 1st in class in nearly 300 races worldwide. Decades down the road, the Ferrari 250 GTO has become the car collector’s “holy grail”, thanks not only to its incredible pedigree, but to a group of French collectors who organized the first gathering of GTO owners in 1982. Occurring every five years since its inception, the meeting is a glorious driving and dining tour across the country of their choosing, and the only entry into this exclusive club is ownership; making the GTO the hottest ticket in the collector car world.

“We are thrilled at the rare opportunity to offer a legendary Ferrari 250 GTO at auction,” says Shelby Myers, Car Specialist, RM Sotheby’s. “Due to the evolution of technology and safety regulations that followed, the GTO was essentially the final true road racer, marking the end of an era when drivers really got their hands dirty. This was the last car that you could park in your garage, drive to the track, win the race, and then drive home.”

RM Sotheby's - Monterey - The matching-numbers original engine of the 1962 Ferrari 250 GTO
The matching-numbers, original engine of the 1962 Ferrari 250 GTO – Patrick Ernzen © 2018 Courtesy of RM Sotheby’s

The Ferrari 250 GTO on offer, chassis no. 3413 GT, is the third of the 36 examples built, and began its life as a Series I car. Under Ferrari factory use, the GTO was a test car driven by Phil Hill for the 1962 Targa Florio road race. The car was then sold to its first owner, one of Ferrari’s most favored privateer customers, Edoardo Lualdi-Gabardi. The Italian gentleman racer entered the GTO in 10 races in 1962, winning all but one (in which he placed 2nd in class) and securing him the Italian National GT championship that year. Lualdi-Gabardi’s incredible track success with the early GTO, right out of the gate, contributed significantly in cementing what would become the GTO legend and legacy as known today.

RM Sotheby's - Monterey - Edoardo Lualdi-Gabardi drives the 250 GTO 1962 Trento-Bondone hill climb
Edoardo Lualdi-Gabardi drives the 250 GTO at the 8 July 1962 Trento-Bondone hill climb, where it placed 1st in class and 6th overall (Courtesy of The Klemantaski Collection

Mr. Lualdi-Gabardi received a second GTO in 1963 and sold chassis no. 3413 to then race car driver Gianni Bulgari, who went on to lead the renowned Bulgari jewelry company from the 1960s to the 1980s. Under both Bulgari and subsequent owner Corrado Ferlaino’s ownership, the GTO handily won its class in the 1963 and 1964 Targa Florio. The car contested a total of 20 races in period, never involved in an accident, and not once failing to finish. A rare case and incredible feat for any race car, it retains its original engine, gearbox, and rear axle, as well as its factory Series II body, in which it was clothed by Carrozzeria Scaglietti in 1964.

RM Sotheby's - Monterey - The Ferrari 250 GTO on the track with its current owner at the wheel
The Ferrari 250 GTO on the track with its current owner at the wheel (Patrick Ernzen © 2018 Courtesy of RM Sotheby’s

Following its racing career, the GTO has passed through an unbroken chain of ownership that includes some of the most prominent Ferrari collectors in the hobby. In 2000, it was acquired by current owner Dr. Greg Whitten, Chairman of Numerix, avid collector car enthusiast and former chief software architect at Microsoft. Under Dr. Whitten’s ownership, the GTO has competed in vintage events around the world over the last two decades, as well as four of the lauded GTO anniversary tours. Wonderfully maintained in highly original condition, the GTO is estimated to achieve in excess of $45 million in Monterey, making it the most valuable motor car ever offered at auction.

RM Sotheby's - Monterey - Corrado Ferlaino and Luigi Taramazzo drive the 250 GTO at 1964 Targa Florio
Corrado Ferlaino and Luigi Taramazzo drive the 250 GTO at the 26 April 1964 Targa Florio, where it placed 1st in class and 5th overall – Courtesy of The Klemantaski Collection

Myers adds: “This marks just the third time that a GTO has been offered for public sale in the new millennium. I can think of no better place than our flagship Monterey event, an auction that has borne witness to the record-smashing sale of some of the most important cars in history, for the presentation of such an exceptional example of Ferrari’s most successful racer and the world’s most sought-after collector car, full stop. The fact that the GTO exists as it did in period, along with Dr. Whitten’s long-term, enthusiastic ownership, only adds to the car’s impeccable pedigree.”

Watch the 1962 Ferrari 250 GTO on the track with current owner Dr. Greg Whitten behind the wheel

Held during the world-famous Pebble Beach Concours d’Elegance motoring week, RM Sotheby’s Monterey sale (24-25 August), has been the pinnacle of collector car auctions for more than 30 years, leading the field and raising the bar with its consistent, record-setting results. This year’s Monterey sale is set at the newly reopened Monterey Conference Center following its $60-million-dollar renovation, offering collectors a stunning new experience and a beautiful space for the display and offering of 120 of the world’s most important motor cars in the ultimate collector car destination.

For further event information and an updated list of entries, or to register to bid for the Monterey sale, please visit To speak with an RM Sotheby’s car specialist about entering an exceptional car in the auction, please call +1 519 352 4575.


Follow: |

About RM Sotheby’s

RM Sotheby’s is the world’s largest auction house for investment-quality automobiles. With more than 35 years’ experience in the collector car industry, RM’s vertically integrated range of services, from private sales and auctions (including both RM Sotheby’s and RM Auctions events) to estate planning and financial services, coupled with an expert team of car specialists and an international footprint, provide an unsurpassed level of service to the global collector car market. In February 2015, RM formed a strategic partnership with Sotheby’s, uniting the two companies for the full calendar of future automobile auctions. For further information, visit

Source: RM Sotheby’s

RM Sothebys PR banner