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FERRARI 250 GTO HEADED TO AUCTION

Ferrari, 250 GTO, Formula One, F1

The Ferrari 250 GTO is one of the most coveted examples of Ferrari’s golden era of racing, with only 39 examples ever made. It is extremely uncommon for one to come up for auction and when they do, they tend to fetch a large amount of cash.

During most of the 1980s, the 250 GTO was selling in the six figures. By 1989, a Ferrari 250 GTO sold at auction for $10 million with a second example selling a few months later for $13 million. By 2012, the price for a GTO at auction was around $35 million with even one example selling for an astonishing $52 million.

Bonhams auction house has gotten its hands on an extremely rare example that is rich in racing history; chassis number 3851 GT will be auctioned off at the Quail Lodge during Monterey weekend next month.

Chassis number 3851 GT is the 19th example of the Ferrari 250 GTO and was released for sale on September 11, 1962. The initial owner was a French racer named Jo Schlesser, who died in an experimental Honda F1 car six years later at the French Grand Prix. The Ferrari 250 GTO was later crashed at the Montlhery Autodrome and then repaired at the Maranello factory and returned to completion the following year. In 1965, Fabizio Violati became the owner and kept the 250 GTO is his collection until his death in 2010, making this the longest single-owner GTO in existence.

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