In the hierarchy of high-priced automobiles, the 1962 Ferrari 220 LM-250 GTO is positioned to redefine the limits. At a projected valuation by RM Sotheby’s exceeding $60 million, and the boldest enthusiasts daring to dream of a breathtaking $80 million, it is set to make history. A bright-red 1962 Ferrari 250 GTO with an asking price above $60 million will go to auction this fall in a classic-car market that has continued to accelerate its prices even as other collectibles In the car industry, Nick Mason is even more well known. He is to one of the lucky 39 car passionates that owns a 1962 Ferrari 250 GTO, the most expensive Ferrari of all the time. Between 1962 and 1964, all Ferrari 250 GTO models were built and sold for £6,000 each. Nick bought his Ferrari in 1977 for £37,000 using the money coming from the A 1962 Ferrari 250 GTO has become the most valuable car the world has ever seen, recently being auctioned for $48.4 million (approximately Rs 340 crore). Ola S1 X+ prices slashed by Rs 20,000 1962 Ferrari 250 GTO is the most expensive car sold at auction. The key to the GTO’s stratospheric price is the car’s rarity — just 36 were built between 1962 and 1964 — and racing 1962 Ferrari 250 GTO, Most Valuable Car Sold at Auction, Leads Top 10 Automobiles of 2018. With 3,300 lots sold across 13 auctions in 4 countries, RM Sotheby’s brought in $423 million in another record-setting year. 68 cars sold for over $1 million, led by the Ferrari 250 GTO, which is now the most valuable car ever sold at auction. Starting at a four-figure price, the GTO's value skyrocketed in the late '70s and early '80s. After the car market crash in the early '90s, the price of the GTO projected upwards to what it is today. The Ferrari 250 GTO has over the years broken several records for the most expensive car ever sold at auction or private sale. The record for the A rare Ferrari 330 LM / 250 GTO from 1962 has sold for $47 million (plus fees) at auction in New York, falling short of its estimate of $60 million but setting a new record for a Ferrari sold at amsI.