Spotlight: 1962 Ferrari 250 GTO

When it comes to the annals of automotive history, few cars evoke the same level of awe and reverence as the Ferrari 250 GTO. The Ferrari 250 GTO stands as a true legend – a masterpiece of design, performance, and racing prowess that continues to capture the hearts of collectors and enthusiasts alike. This particular 1962 Ferrari 250 GTO, steeped in a history that reads like a roll call of achievements, is set to make a monumental appearance on the auction stage at RM Sotheby’s marquee sales of Modern and Contemporary Art in New York on November 13th, 2023, marking yet another chapter in its storied journey.

One of the most remarkable aspects of this 1962 Ferrari 250 GTO lies in its status as the only factory-owned Series I GTO to have been raced by the Scuderia Ferrari. This distinction immediately places it in a league of its own, making it an unparalleled piece of automotive history. Its track record is a testament to its extraordinary capabilities – with a class win and a remarkable 2nd overall finish at the fiercely challenging 1962 Nürburgring 1,000 KM race, it etched its name in the annals of motorsport history.

But it wasn’t just at Nürburgring that this Ferrari 250 GTO demonstrated its prowess. It was also entrusted to the capable hands of Mike Parkes and Lorenzo Bandini for the demanding 1962 24 Hours of Le Mans, a race which it unfortunately didn’t finish due to radiator issues. The car’s history is dotted with achievements, including a noteworthy runner-up position in the 1965 Sicilian Hillclimb Championship.

Beyond its racing accolades, this Ferrari 250 GTO’s ownership history adds another layer of intrigue. Previously in the possession of a chairman of the Ferrari Club of America, it has been cared for with meticulous attention for an impressive 38 years under its current ownership. This devotion to preserving its heritage and legacy is evident in its many awards, including the prestigious FCA Platinum Award and the Coppa Bella Macchina at the Cavallino Classic.

The recognition bestowed upon this 1962 Ferrari 250 GTO extends beyond dedicated Ferrari circles. Its appearances at renowned events such as the Pebble Beach Concours d’Elegance and the Amelia Island Concours d’Elegance have solidified its place as a blue-ribbon winner and even a “Best of Show” recipient, demonstrating its transcendent appeal.

The allure of this automotive icon is further heightened by the extensive documentation that accompanies it. Factory build sheets, owner’s correspondence, period racing coverage, and magazine feature articles provide a comprehensive narrative that allows enthusiasts to immerse themselves in its history. This level of provenance is often a decisive factor in the world of collector cars, cementing its status as a truly desirable masterpiece.

The anticipation surrounding this 1962 Ferrari 250 GTO is palpable, and it’s not without reason. With a pre-auction estimate soaring beyond $60 million, it’s a testament to the value placed upon its rarity, heritage, and cultural significance. As Gord Duff, the Global Head of Auctions at RM Sotheby’s, aptly puts it, “The 1962 Ferrari GTO we’re bringing to market is more than a classic; it’s a legend.”

The upcoming auction at Sotheby’s represents more than just a sale – it’s a chance for one fortunate collector to become a custodian of automotive history, to own a piece of Ferrari’s legacy that has transcended mere mechanical engineering and evolved into a symbol of passion, innovation, and the pursuit of excellence. As Mari-Claudia Jiménez, Sotheby’s Chairman, President, Americas and Head of Global Business Development, beautifully expresses, “The presentation of such an exceptional example of one of Ferrari’s most successful sports cars ever campaigned and their most sought-after collector car, marks an exciting chapter with our partners at RM Sotheby’s.”

Come November, eyes will turn to New York City as enthusiasts and collectors gather, united by their shared appreciation for automotive artistry, history, and the indelible mark left by the legendary 1962 Ferrari 250 GTO.  Here’s to winning the Powerball before then…