Ferrari 250GTO Set to Break Auction Records

Hot on the heels of the most expensive car to sell in a private sale, the glorious Ferrari 250GTO that fetched an astonishing £52million ($70m) just a few weeks ago, is this example, an ex-Phil Hill example that is all set to break auction records with a guide price of £34million ($45m). Should it reach that price, it will become that most expensive car ever sold at auction to date.

This very special example of the legendary model was used by American Hill, the 1961 Formula 1 World Champion and a highly successful sports car racer, as the practice vehicle for the 1962 Targa Florio, the gruelling race around the mountain streets on the island of Sicily. It also enjoyed much success in the hands of subsequent owners.

Home Success

Chassis 3413, which sports a series II Scaglietti body, was sold by the factory to a privateer racer, Edoardo Lualdi-Gabardi, who used it to win the 1962 Italian National GT racing series, in which he won nine out of the 10 rounds. It was then acquired by Gianni Bugari who entered it in the 1963 Targa Florio and gained a class win. The next owner, Corrado Ferlaino, repeated that success the following year.

With such an illustrious history – this Ferrari 250GTO enjoyed a 20-year racing career in various categories and never endured an accident. It also boasts a 100% finishing record in all races in which it was entered, a feat that few individual chassis can claim. It is in amazing condition and still has the original engine and gearbox, factors that will certainly entice the serious collectors.

This once in a lifetime road and competition car will be offered by Sotheby’s at the prestigious Pebble Beach Concours D’Elegance, Monterey, which takes place on 24^th and 25^th August 2018.