Full Auction of the $48M 1962 Ferrari 250 GTO (Monterey Car Week)

Watch the full auction portion of the 1962 Ferrari 250 GTO held by RM Sotheby's at the Monterey Conference Center.
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FINAL total purchase price: $44 Million bid price + $4.4 Million auction fees = $48.4 Million (SOLD)
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Check out the original listing of this beautiful model from the RM Sotheby's site here: rmsothebys.com/en/auctions/MO...
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At the recent RM Sotheby's auction, there were many iconic and legendary auto machines that date back from as early as the 1930's to the current 2000's.
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Needless to say, of the variety of vehicles up for auction there were a few that caught the attention of many collectors. Some automotive masterpieces that held an admirable list of past awards and distinguished trophies.
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The moment that the entire audience had been waiting in anticipation for ever since its announcement back in Spring of 2018. The attention garnered revolved around one particular model, the 1962 Ferrari 250 GTO.
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This model is only one of 36 GTO's ever built and was auctioned at the recent auction held on August 25, 2018.
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The final sale price of this astonishing #23 model of the Ferrari 250 GTO closed at $44,000,000 + $4,400,000 in buyer auction related fees. This auction sale breaks the previous world record as the most expensive vehicle sold at public auction compared to the last publicly sold GTO that went for $38,000,000.
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As a select group of vehicles and their respective owners, it's no wonder that the legendary Ferrari 250 garners an attention that few automobiles can command.
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*DISCLAIMER: No copyright infringement intended and is for educational purposes only of how auctions look like and how a rare vehicle is auctioned off. This belongs to RM Sotheby's.
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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, new reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise by infringing. Non-profit, educational or personal use tips the balance in favor of fair use.

[@fidorover]

I was _gonna_ bid, but was having a bit of trouble selling my old sofa on Craigslist and couldn't quite come up with the cash. Bummer.

[@TheFriendlyTroll]

LOL! Maybe next time.

[@Jons_broken_toe]

😂😂😂😂😂

[@Rimrock300]

I would not sell the old sofa, better put it in the future Ferrari section of your garage

[@gregoryscott7088]

No lowballs on the sofa, he knows what he's got.

[@kseries1981]

lmao!

[@erik-001-]

For everyone that’s confused by the title: car sold for $44mil + auction house fee (usually 10% of the final bid) which is $4.4mil = $48.4mil

[@Pulsonar]

I love the Ferrari legacy, but even breathing the air in that auction hall would bankrupt me!

[@aig1111]

I have one at home. It’s on display on the shelf.

[@m0ther_bra1ned12]

Yours will probably be driven more to boot. XD

[@sesto194]

@@m0ther_bra1ned12 thats a big shelf

[@joyusa3182]

Lol

[@kaitlyn3386]

XD 😂 😂

[@bruh-qq1sx]

A model 250 GTO?

[@PL-oc7vn]

Meanwhile at supermarket choosing between $1 or the expensive $3 butter

[@sbrsyncro700]

He could have bought Canada for that much, he made the better deal.

[@fuckugplus]

in 1810 yeah

[@IIIIllllllllIIIIIllll]

I don't think so..

[@tacolove892]

@John Smith ...................dddduuurrrrrrrrr.....it's ass hole humor.

[@Cheops2112]

An asshole in every group...🙄

[@ImBrockatron]

yes he did lol.

[@aydankhaliq2967]

The great thing about this car is that most of the people who has it, still drive it. Some notable owners are nick mason and Lawrence stroll, who has 2.

[@stevezisk3415]

Mason has some Beauties

[@jonaslasater4784]

take a shot every time he says 41 million

[@joyusa3182]

I csnt evrn tuypr amu mir

[@Ivanthegreat141]

joyusa 31 22 times

[@ranveerbose7617]

and your toyota will turn into that car for free

[@SJAutomotiveDesign]

Man, I'm so sad I missed this one. I was gonna buy it, but my Dodge broke down on my way to the auction and didn't make it... 😑

[@hotwhells20]

he adds 250,000 dollars and everyone laughs... hahahahhahahahahah... omg

[@FUNZO1975]

I know right? ....I dream of the day when I can laugh at a quarter mil.

[@Rhagical]

I like how they made a mistake first by putting 3.5 mil instead of 35 mil.

[@legendofzelda2324]

Yea. Japan sure had different prices as well.

[@DrayDray78]

Lol he even offered it for 43,000 and real fast COUGHT his mistake 8:58

[@40rty7even4]

I bid $43 million, but I had to go to the toilet. When I came back it was sold. Shouldn't have had that damn Pepsi before the auction.

[@matteilceodeimatte]

still more exiting than the whole f1 season

[@ImBrockatron]

It definitely sounds better.

[@JetEngine85]

I'm watching this video with $25 in my pocket 😂

[@zixto76]

🤣🤣🤣🤣

[@user-ru6mq5sc5n]

Yes but how much in the bank?

[@C.I.A_Unclassified]

Best comment of the year 😂

[@KN-lq4zv]

That’s beautiful, congratulations to the owner

[@chrissmith8469]

Thanku

[@AndreaZzzXXX]

at 3:30 he spoke italian 'quarantuno milioni di dollari contro di te' :-)

[@nieleda2561]

qrantuno ha detto

[@m0ther_bra1ned12]

That's more money than I'm ever going to see in my entire lifetime and probably two or three generations after... FOR ONE CAR. XD

[@skywalkinonthesehaters8659]

/M0ther_bra1ned/ same😂😂😭😭

[@CamboMaka]

Time to get your game up.

[@ipadize]

thats more than i will ever see in 44 lifetimes if i work till 80

[@FUNZO1975]

That's why they call it .....living the dream.

[@MassimoMSSR]

That car is worth more than human life for its history and rarity and just how special it is.

[@obryan240]

I got to see this car in person a few months before the auction. Gorgeous ❤

[@DMWBN3]

1,000,000 per bid, this is different gravy. I'd be careful holding up a camera 🎥 in case they take a bid 👏🏼

[@youbian]

Best auto purchase I ever made. The good chaps at Dothan werks keep the car in tip top. Cheers

[@Pulsonar]

I saw a beautiful highly detailed 250 GTO 1/8 scale model priced at £6K. It seems like a bargain of the century and probably more mobile compared to this real legendary car that is now just a museum artefact 😂

[@mattlawton4715]

I'm just going to buy a new one

[@GinolasVideos]

most of them all still get driven, and raced :o

[@PCGSIR]

I can not wait till Arizona RM Auction 2023

[@crissignori7482]

Great deal .... Well purchased !!!

[@michaelk9056]

I just finance it for 1 million years Zero down😁

[@debbiedunn4477]

Lol

[@robincook8828]

there's a red car in space right now

[@lindsayknuth906]

Elon musk what goes up must come down

[@rien9281]

@20GRIZZ20 just a joke dumbass

[@mathiashermansen785]

This car is history

[@imjustaviewer8709]

Yea ik its a tesla

[@kingsofkings_5661]

That’s red Tesla Elon musk

[@LeadMunitions]

I’m always amazed at the enormous gap on what a human can make to afford this..

[@murphymoe753]

Love the car but love 48M$ much more

[@debbiedunn4477]

Wow!!!.... And I'm sitting here dreading getting new tires on my 2003 chevy s-10!!!😲

[@Harry-rj6kh]

In the 1960's I saw two GTO's compete at Pacific Raceways in Kent, Wash against 3 Cobras. Does anyone know where they ended up? I had heard that at one time Innes Ireland was offered one for less than 10 thousand but it was just another old race car to him.

[@Atombender]

2:00 price display fail on the left.

[@victorfranco5703]

I bet they won't even drive that car. It will sit in a showroom while the owner has a very expensive glass of wine and smoke a cigar just admire the vehicle.

[@debbiedunn4477]

Yep

[@ronishsharma2989]

I mean driving a 48 mil $ car probably isn't the best idea.

[@dhalsim-1]

They have to drive it once in a while or the engine will cease

[@tedecker3792]

I do that looking at my Chevette

[@MaybeHarvey]

Thanks Ian

[@rigonatmauro]

250 GTO chassis 3413 GT is the queen of 1962 TRIESTE-OPICINA HILLCLIMB. LUALDI GABARDI at the wheel of 3413 GT won a legendary TRIESTE-OPICINA HILLCLIMB. An overall win with new speed record of the race

[@MUISHAGGY572]

I was gonna buy a Kia Forte but this might be my next car.

[@LesiureBoy]

Jesus, what a beautiful car. Timeless and all class.

[@TheGreener121]

Thats just insane...

[@damiencallaghan9389]

Type in Salvador Mundi Auction That is how it is done

[@marcogrossi6334]

It shouldn't have a millionaire but a museum e un patrimonio del Umanità

[@aulbraealexanderzamora1948]

I was gonna bid $49 million to give it to my wife and then I remembered she prefers it on pink.

[@royalbank5567]

How

[@user-sk5cv7hj2m]

Imagine the commissions payed by the seller and the buyer it’s usually 12% unless negotiated.thats almost 20 million Dollars auction house profit in10 minutes. The whole deal is mind boggling!

[@vcapar]

The Way my bank account works..I have my checking in my savings and it takes 3 business day.. 🤪😂

[@salimbagatmavereika5773]

why am I watching this, i cant even afford of its tire bolts

[@timothylaws4549]

incredible

[@rrennnerr]

The gentlemen able to buy this car grew up with it dreaming about it. Once that generates passes away, I do not believe that car will be worth as much. I am in my 20’s and cars like the McLaren F1 and MC-12 will probably some of the top priced cars.

[@palmbeachgrown5125]

Damn I hit bid but my internet cut out. Missed it by a few hundred thousand

[@francescosalvioli]

I was gonna bid but my wife call me on the phone remembering we have to pay house loan first!!!

[@ianbarber311]

After I win Powerball I will be back for a 250LM or a P3/4.

[@user-tg3bx9rz8y]

P3/4 the best.

[@FUNZO1975]

Me too brother.

[@after_midnight9592]

Kinetic art

[@asdfghjkldfghjhgcgyuigfyui9792]

more money than I'll ever make in multiple lifetimes

[@lebaillidessavoies3889]

this is the gdp of Botswana

[@heavenstomurgatroyd7033]

Well considering that Leonardo Da vincis painting, The Christ sold for 450 million this looks like a bargain!

[@kikarias79]

There’s this, and about 20% of the ENTIRE WORLD is STARVING...

[@WiR3DGaMiNG]

I just crashed one of these … on gran Turismo sport haha!

[@WiR3DGaMiNG]

20 million on gt sport :O

[@paveantelic7876]

for how long did u save up money?

[@WiR3DGaMiNG]

I didn't have to buy the car. it was on a daily race to use for free brands hatch I believe it was

[@aydankhaliq2967]

@@WiR3DGaMiNG just bought mine. Had to sell a couple of lancia's and LMP1 cars. 250 gto has so much more grip than other cars of the time.

[@Leviajohnson]

Mine went on the forza horizon 4 auction house for only 3,000,000 credits. what a rip off. I'm assuming. Not sure what the exchange rate is.

[@marcogrossi6334]

Sono macchine da museo tutti dovrebbero avere la possibilità di ammirare questa meravigliosa macchina.

[@cll1639]

Huge money but that auction had all the excitement of a caterpillar race.

[@theforcer1762]

Meanwhile in India. Kid works for $1 a day..

[@sebypudilic8351]

@@paulgilhuis1 =))))))))))))

[@420cm]

And your point is??

[@prasunsingh7134]

@@420cm his point is in india everyone works , they are not like him waste product. And how many years it will take for him to buy $48 million car🤔.

[@specialed4564]

@@prasunsingh7134 not just in India theres lots of countries like that

[@prasunsingh7134]

@@specialed4564i know bro but pointing out one country is not good.

[@TheDemoexpert]

"Easy certifiable" 1:12 Thank God! What a ripoff if it wasn't!

[@cryptodwayne5174]

Holy Grail Car

[@sohummallapur351]

How much did the chrome p1 go for?

[@i-never-look-at-replies-lol]

Damn. This is the one I was going to buy, but I forgot my wallet at home that day.

[@pseudonym5136]

Somehow it`s insane,but I love it!

[@user-el5mg4it9t]

-He wants to win, I think I'm gonna drop 48 for this one. -48 grand? -48 million.

[@scotttaylor8498]

Awesome

[@zelez4ever]

so it was sold for 44 mil not 48, wrong title

[@angahcoleify]

Please dont be lazy to read .... U look stupid u know...

[@sorapong58]

Woooooww !! Legend of Lermand Winner

[@unverified_Vids]

All millionaires sitting in one place

[@heokimisaac9636]

Thats crazy

[@imhappyandyou.4003]

$44 million plus $4 million in auction fees is just insane.. Even if I had a billon dollars I still wouldn't spend that much on any car.

[@hottiemcscottie5952]

Imagine spending 70m for car u won't drive at all

[@imhappyandyou.4003]

@@hottiemcscottie5952 Right!.. Even if it was a 1 of 1 never to be made again!, it's getting driven and it will be USED!. LOL I don't "Collect" anything to just let it sit around looking good!, I enjoy everything that I've collected to the fullest and don't care if it depreciates the value of whatever it is. That's the whole reason I bought it lol.

[@epicon6]

Auctions like this aren't even about the car. They are bidding just for the thrill of bidding higher than their peers. If they were privately buying the same car they wouldn't even pay 4 million for it.

[@justinsu7241]

@@epicon6 not true, this is what these cars are worth, they're all bid by people behind those phone calls who stay away from the live event because the excitement and adrenaline can cause them to overbid due to excitement, staying at home or their office desk can keep them calm and just pay the most they're willing to pay for said item.

[@specialed4564]

I stopped bidding when they got to $35 million

[@ianfernandes96]

I'm the Ian that he was on the phone with. Nah just kidding, I'm just a humble mariner 😁

[@Loulovesspeed]

Whatever "floats your boat"! Lol

[@frankdavis6101]

This car has the power to save the world from an apocalypse. Has unrivaled technology modern day cars still can not match. Has a ride to die for like riding on a cloud

[@8thstgarage922]

And i thought $1000 for my 96 Dodge Ram was too much 🤣

[@ivankowalski8923]

hello this is my shoe - cost 5 $ hello this is Cr7 shoe - cost 50 000 $

[@drivewayhero]

For someone like Bezos or Bill Gates whose net worth is say $50 Billion dollars, spending $44 Million is like someone with a $200,000 net worth spending $192 dollars

[@massimoanghileri2721]

Che MERAVIGLIA.

[@mikestang679]

Who says there is a Ferrari "bubble" prices seems to be holding up, starting bid $35 million, WOW, these vehicles are approaching fine art pricing, not to far-away will be a $100 + million car someday, which isn't a problem in the fine art auctions, common actually

[@SocietyofSupercars]

Absolutely! These prices for these extremely rare models will likely continue to double or quadruple in value over the next decade or so. The day of the next $100M Ferrari will be approaching.

[@fredschriks8554]

Saw a video about a Mercedes 300SL racecar. Rumour goes it costs over $100 million.

[@DonLee1980]

SL gull wings go for ~1-1.5 mill.

[@fredschriks8554]

@@DonLee1980 Was about a very rare racecar, only 2 units build. It wasn't a normal 300SL.

[@DonLee1980]

Fred Schriks lol I see. Good thing I really couldn’t care less about it

[@epithet052]

Did the driver come with the purchase?

[@garyslama7163]

Whew, the bidding really stalled out there at the end.

[@mrgavkel1]

was that Stroll i seen down the back

[@saching2753]

Literally sold for more than its weight in gold ahahaa

[@robertmiles6492]

I remember hearing a noise from a body shop next door , the storage racking had collapsed onto a 250 GTO destroying the front end , it was in the 1990s so only a mere 1.5m

[@fredyeezy4895]

I have one. It’s still in the hot wheels package tho...

[@TheFunkhouser]

crazy

[@michaelclyburn5858]

Hey! My hand's up over here...

[@markarrivi3818]

I have one too in a basement drawer its a slot car. Whats the bid 48 million

[@427bullis]

Auction is like a wake

[@bukharijabarazman2700]

Me sitting here, wondering how much 44 mil dollars actually is…

[@two-sense]

It's one car.

[@patricklilly2520]

Beautiful car, with Great provenance. So many children going hungry...

[@doubleu207]

Wtf.. Final Bid was 44million and wrote 48million in caption..

[@FUNZO1975]

48 includes the "buyers premium" which goes to the auction house for their fee/cut.

[@Scratchingforcash]

What’s it worth when the frame rots out? Craigslist add: Ferrari for sale!! originally paid $44 million dollars, asking $2500 frame needs welded.

[@josetapia8878]

Forgot one zero when the bid first started lol

[@wl1896]

Whats the mileage again?

[@shashwat4883]

How much does the seller get

[@Johan92Johansson]

How hard could it be to get the tilte right? the car sold for $44M and not 48

[@Mechanicalcircus1]

Johan Johansson IKR People are stupid!

[@angahcoleify]

Wow u guys so stupid and very lazy to read... Seriously u look stupid with this comment..😂😂😂

[@ianbarber311]

I didn't know I was bidding on my favorite car. Was my phone hacked?

[@lapamful]

Imagine in 100 years time, kids will be watching this and laughing saying "48 million? My iPhone cost that much nowadays" 😂 Okay okay kids of the future. I realise that neither iPhones nor Apple may be around for that long.

[@JanneWolterbeek]

If Apple still exists they are probably creating interactive eyeballs by then...

[@samharrill7676]

Just Bought By Saudi Prince $58,000.0000

[@justicewarrior9187]

Sotheby's please auction Victoria Secrets models!!!

[@megapet777]

didnt it sell for 44m tho?