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Monday, April 29, 2024

1962 Ferrari auctioned for $51.7 million

NEW YORK – A 1962 Ferrari 250 GTO sports car sold for US$51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby’s said.

The bright red roadster had been the property of an American collector for the past 38 years, and its auction price was surpassed only by that of a Mercedes 300 SLR Uhlenhaut Coupe that went for 135 million euros in 2022, the auction house said. That would be $144 million at today’s exchange rate.

The 250 GTO went on sale Monday evening after a few minutes of bidding in the auction room, but at a price lower than the more than $60 million expected by RM Sotheby’s, the luxury car subsidiary of the auction house.

Sotheby’s did not…

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