Vintage Ferrari could fetch $45M at auction

Cornelia Mascio
Giugno 23, 2018

Shelby Myers, auto specialist at RM Sotheby's, said: "We are thrilled at the rare opportunity to offer a legendary Ferrari 250 GTO at auction".

What makes a Ferrari 250 GTO a collectible is the fact that the Italian vehicle designer has manufactured only 36 of the particular model over the years.

Marcel Massini, a leading Ferrari historian, said that he was confident a GTO model would be sold for $100m (£75m) within five years.

"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". We're told that throughout 20 races in this period, it never once broke down, nor had an accident. Reportedly all original 250 GTOs built between 1962 and 1964 have survived, and they are all worth serious money.

Ferrari 250 GTO #3413GT is one of the more storied of its breed to come up for sale.

"This marks just the third time that a GTO has been offered for public sale in the new millennium".

After Lualdi-Gabardi bought another GTO the next year, he sold this one to Gianni Bulgari (of jewelry fame), who had it converted by Ferrari's coachbuilder Scaglietti with Series II bodywork in '64.

Classic Car Week begins August 20 with the Concours d'Elegance in Pebble Beach capping the week of festivities on August 26.

The sale - arranged by Ontario, Canada-based RM Sotheby's on behalf of vehicle collector Greg Whitten, a former Microsoft software engineer - will mark only the third time a 250 GTO has been offered up to the public in the past 18 years. And that's why it might actually sell for more than US$45 million. Today, the vehicle retains that bodywork, along with its original engine, gearbox and rear axle. It also propelled renowned customer racer Edoardo Lualdi-Gabardi to the Italian GT championship in '62, winning nine out of ten races (and finishing 2nd in class at the one it didn't). The GTO won the Targa Florio, an open road endurance automobile race held in the mountains of Sicily, in 1963 and 1964 under the ownership of Bulgari and then Corrado Ferlaino.

Following its racing career, the GTO has passed through an unbroken chain of ownership that includes some of the most prominent Ferrari collectors.

Another 1963 version sold for $102 million in a private transaction earlier this year, according to Sotheby's.

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