July 23, 2024

Linkage Mag

Geared for the Automotive Life

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The One: RM Sotheby’s Brings 250 GTO to Market this Monday

Back in August, we announced the upcoming sale of the 1962 Ferrari 330 LM / 250 GTO, chassis no. 3765. The sale is set to take place on November 13 — this Monday — in New York.

The car is well documented — it was the only factory-owned and Scuderia Ferrari-campaigned GTO, and it took a class win and second overall at the 1962 Nurburgring 1000 km.  It was driven by Mike Parkes and Lorenzo Bandini for Scuderia Ferrari at the 1962 24 Hours of Le Mans, and it was the 1965 Sicilian Hillclimb Championship runner-up.

Beyond that, the car has factory records that describe its early history, as well as two build sheets and a third spec sheet that covers all its factory modifications for privateer racing in 1963 — including its 4-liter engine. It has been in single ownership for nearly 40 years — but it will be finding a new garage this Monday.

So what does all this mean? Well, it’s the right model and the right spec, and it has the right documentation, history and presentation. All of that adds up to the potential for a record-breaking result — at least for Ferrari at auction.

For reference, the current public auction record for a 250 GTO is held by S/N 3413GT, sold in August 2018 at RM Sotheby’s Monterey sale for $48,405,000. Reportedly, another sold privately that same year for around $70m.

The all-time auction record goes to the Mercedes-Benz 300 SLR at $142.7m, also sold by RM Sotheby’s.

So where will this land? We don’t have to wait long to find out.

Learn more here.

Images courtesy RM Sotheby’s