The 250 GTO was produced from 1962 to 1964 for homologation into the FIA's Group 3 Grand Touring Car category. GTO stands for "Gran Turismo Omologato", Italian for "Homologated Grand Tourer". When new, the GTO sold for $18,500 in the United States, and buyers had to be personally approved by Enzo Ferrari and his dealer for North America, Luigi
A rare 1962 Ferrari 250 GTO sold for $48.4 million at RM Sotheby's annual collector car sale in Monterey, California. The sale set a world record for any car ever sold at auction. The 1962 Ferrari 250 GTO is valued for its rarity and winning race history. A 1962 Ferrari 250 GTO just sold for $52 million, the second highest price a car has ever been auctioned for.
In the hierarchy of high-priced automobiles, the 1962 Ferrari 220 LM-250 GTO is positioned to redefine the limits. At a projected valuation by RM Sotheby’s exceeding $60 million, and the boldest enthusiasts daring to dream of a breathtaking $80 million, it is set to make history.
Before the year is out, there will be a new most expensive Ferrari. A 1962 Ferrari 330 LM / 250 GTO by Scaglietti is going up for auction through RM Sotheby's on November 13th, 2023 with estimates . 343 117 384 103 382 216 248 292

ferrari 250 gto price 1962