"Rare 1962 Ferrari GTO Expected to Fetch $60 Million at Auction"
A rare 1962 Ferrari 250 GTO, one of only two models raced by Ferrari's own team before being sold, is expected to fetch $60 million or more at an upcoming auction. The car, which has been in the current owner's garage for 38 years, has a notable racing history and is highly desired by collectors due to its rarity. The record-breaking sale of a 1955 Mercedes-Benz last May may have influenced the owner's decision to sell.