Most Valuable Ferrari Ever Sold At Auction For $51.7 Million

In a historic moment for automobile enthusiasts and collectors alike, RM Sotheby’s has successfully auctioned off the most valuable Ferrari ever to grace the auction block.

The iconic 1962 Ferrari 330 LM / 250 GTO, chassis 3765, has etched its name in the annals of automotive history by fetching a staggering $51.7 million.

This remarkable sale, which took place on 13 November 2023 during Sotheby’s New York Marquee Week Sales of Modern and Contemporary Art, signifies a watershed moment in the world of classic cars.

Most Valuable Ferrari Ever Sold At Auction For $51.7 Million

A GTO of Singular Significance: Chassis 3765 Makes Its Mark

The auction of Chassis 3765 marked a once-in-a-generation opportunity for collectors to claim ownership of the sole factory-owned Series I GTO. As the gavel fell and the bidding concluded, a new chapter was written in the illustrious tale of this Ferrari masterpiece.

The winning bid of $51.7 million not only established a new record as the highest price ever achieved for a car at auction but also secured Chassis 3765’s place as the most valuable Ferrari to ever cross the auction block.

A Triumph of Collaboration and Perfection

The significance of this momentous sale was not lost on those involved. As Gord Duff, RM Sotheby’s Global Head of Auctions, remarked, “Celebrating this sale during Sotheby’s marquee week highlights the unparalleled stature of this Ferrari as one of the world’s most desirable objects. The result, achieved through collaboration between Ferrari, RM Sotheby’s, and Sotheby’s, echoes our mutual pursuit of perfection—mirroring the very ethos Enzo Ferrari embodied when designing this car. Fetching $51.7 million, this transaction adds a new chapter to a vehicle with an unmatched legacy. Now, it ranks among the most expensive cars sold at auction, a true testament to its singular place in history.”

Most Valuable Ferrari Ever Sold At Auction For $51.7 Million

Chassis 3765’s history is nothing short of legendary. As the only GTO Tipo 1962 ever raced by Scuderia Ferrari, it boasts an enviable track record. Among its notable achievements are a class win and a 2nd overall finish at the 1962 Nürburgring 1000 KM. Piloted by the skilled hands of Mike Parkes and Lorenzo Bandini, it played a pivotal role for Scuderia Ferrari at the 1962 24 Hours of Le Mans. In addition, the car secured the runner-up position in the 1965 Sicilian Hillclimb Championship.

A Treasure Trove of Awards and Recognition

Previously owned by a chairman of the Ferrari Club of America, Chassis 3765 has amassed a collection of accolades that further solidify its place in automotive history. It clinched an FCA Platinum Award and the prestigious Coppa Bella Macchina at the Cavallino Classic. Additionally, it secured 2nd place in the GTO class at the 2011 Pebble Beach Concours d’Elegance and received the coveted Best of Show award at the Amelia Island Concours d’Elegance.

With its acquisition, the new owner of Chassis 3765 gains access to what can only be described as the Holy Grail of the sports car pantheon. This historic automobile presents an extraordinary opportunity for further touring, vintage racing enjoyment, and the chance to showcase it at major Concours d’Elegance and marque gatherings worldwide.

Most Valuable Ferrari Ever Sold At Auction For $51.7 Million

In conclusion, the sale of the 1962 Ferrari 330 LM / 250 GTO, chassis 3765, at RM Sotheby’s for $51.7 million is a testament to the enduring allure of classic automobiles and the enduring legacy of Ferrari.

As this exceptional car embarks on a new chapter in its storied history, it leaves an indelible mark on the world of automotive collecting, securing its place as a true masterpiece of motoring excellence.

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