Record-Breaking Ferrari GTO Sells for $51.7 Million

A 1962 Ferrari 250 GTO, the only Tipo 1962 campaigned by the factory racing team, has sold for a record-breaking $51.7 million at auction, making it the most expensive Ferrari ever sold at auction. The car, which had a 4.0-liter V12 engine during its racing days but was later swapped for a 3.0-liter unit, has a rich racing history, including a first-in-class finish at the 1962 Nürburgring 1,000 Kilometers. The extensive documentation accompanying the car, including build sheets and historical provenance, likely contributed to its high value.