Why the 1962 Ferrari 250 GTO is One of the Most Wanted Cars

This is a work art you can also drive. But would you risk it?

1962 ferrari 250 gto
1962 ferrari 250 gto | Ferrari

The 1962 Ferrari 250 GTO is not just a car – one car sold at Sotheby’s auction for a mind numbing $51.2 million USD. Yes, the car is a masterpiece of automotive history, a symbol of peak performance and exquisite design that has captured the hearts of car enthusiasts and collectors globally.

But what exactly elevates this vehicle above its contemporaries and into the pantheon of automotive legends? Let’s explore the rich tapestry of history, achievement, and sheer automotive excellence that surrounds the 1962 Ferrari 250 GTO.

Unparalleled Racing Pedigree

The 1962 Ferrari 250 GTO

At the heart of the 1962 Ferrari 250 GTO’s legend is its formidable racing pedigree. This car wasn’t just built for speed; it was designed to dominate the racing world. A testament to this is its performance at the 1962 Nürburgring 1000 KM, where it clinched a class win and an impressive 2nd overall finish. This wasn’t just any race; it was a grueling test of endurance, skill, and machinery, proving the GTO’s mettle on one of the most challenging circuits of the time.

Mike Parkes and Lorenzo Bandini, driving for the Scuderia Ferrari at the 1962 24 Hours of Le Mans, further showcased the car’s exceptional capabilities. Their participation underlined the GTO’s status as the only Tipo 1962 raced by Scuderia Ferrari, adding an illustrious chapter to its storied history.

A Proven Champion

1962 ferrari 250 gto exterior
1962 ferrari 250 gto exterior | Ferrari

Beyond its racing achievements, the 1962 Ferrari 250 GTO has garnered accolades and recognition across prestigious events. It was the runner-up in the 1965 Sicilian Hillclimb Championship, highlighting its versatility and performance across different racing disciplines.

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The car’s excellence has been acknowledged in the concours circuit as well, where it has been a consistent winner. Notably, it secured an FCA Platinum Award and the Coppa Bella Macchina at the Cavallino Classic. Its elegance and restoration to near perfection were recognized at the 2011 Pebble Beach Concours d’Elegance, where it finished 2nd in the GTO class among 23 total GTOs. Furthermore, it claimed Best of Show at the Amelia Island Concours d’Elegance, cementing its status as a paragon of automotive beauty and history.

Coveted by Collectors

The 1962 Ferrari 250 GTO’s allure extends beyond the racetrack and concours lawns into the realm of collector’s items, where it commands astronomical figures.

A striking example of its value is the sale at Sotheby’s auction for a staggering $51.2 million USD, making it one of the most expensive cars ever sold. This figure is not just a testament to its desirability among collectors but also an affirmation of its unparalleled significance in automotive history.

Stewardship and Legacy

The legacy of the 1962 Ferrari 250 GTO is not just built on its past glories but is also preserved through meticulous stewardship. The car has benefited from 38 years of fastidious care under current ownership, ensuring that it remains in pristine condition, ready to awe future generations of car enthusiasts and historians alike. This dedication to preservation is a key factor in the car’s enduring appeal and astronomical value.

Former ownership by a chairman of the Ferrari Club of America further adds to the car’s storied history, linking it to individuals who have not only cherished but also contributed significantly to the Ferrari legacy.

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The 1962 Ferrari 250 GTO embodies the pinnacle of automotive design, engineering, and racing success. Its rich history, marked by remarkable achievements on the track, accolades in prestigious events, and an unwavering appeal to collectors, cements its status as one of the most coveted cars in the world. The GTO is not just a car; it’s a timeless icon that continues to inspire and fascinate, making it a true masterpiece of automotive artistry.