RM Sotheby’s celebrated a historic auction in Monterey this weekend, selling a total of $158 million of cars over its exclusive two-day auction. A new world record was set for the most valuable car ever sold at auction, with a 1962 Ferrari 250 GTO making $48,405,000. Other notable auction results saw a one-off 1963 Aston Martin DP215 Grand Touring Competition Prototype achieve $21,455,000, and a 1966 Ford GT40 Mk II make $9,795,000.
1962 Ferrari 250 GTO
The Monterey auction’s headline lot, a 1962 Ferrari 250 GTO with chassis no. 3413, was up for sale after two decades in the collection of noted businessman, Ferrari enthusiast, and vintage racing driver Dr. Gregory Whitten. Long considered the ‘Holy Grail’ of the collector car world, the GTO created a telephone bidding battle between three collectors, sometimes bidding in million-dollar increments. After nearly 10 minutes, the car sold for a final $48,405,000, exceeding the previous record for the most valuable car ever sold at auction by more than $10 million.