Factory Raced Holy Grail
1962 Ferrari 330 LM / 250 GTO by Scaglietti

The Ferrari 250 GTO is often described as one of the holy grails — if not the ultimate holy grail — for vintage car collectors. The special example to be auctioned by RM Sotheby’s in November, though, may have a bigger impact in the second-hand market with a potential highest public auction transaction price to date.

With bodywork by Scaglietti, Chassis 3765 is the only factory-owned Series I 250 GTO / 330 LM raced by Ferrari. With only 33 examples of the Series I 250 GTO ever made, this particular example was fitted with a four-litre V12 engine. It has a splendid racing history that includes grabbing the class win and second overall finish at the 1962 Nurburgring 1,000 km and runner-up at the 1965 Sicilian Hillclimb Championship. It was also driven by Mike Parkes and Lorenzo Bandini at the 1962 24 Hours of Le Mans, although it didn’t finish the race.

The fact that it was once owned by a Chairman of the Ferrari Club of America, and the current owner has meticulously cared for it for the last 38 years can be seen in the car’s top-notch condition inside and out. Currently wearing the livery as seen in the 1962 running of Le Mans, it was exhibited in numerous Concours and classic cars shows, and was selected as the “Best of Show” in the Sport category at 2012’s Amelia Island Concours d’Elegance.

It’s reported that this historical Ferrari has an asking price of US$ 60 million. The auction will take place in New York on 13 November during Sotheby’s marquee sales of Modern and Contemporary Art. Details of the auction can be obtained here.