This 1962 Ferrari 250 GTO is highly sought after among car collectors across the globe. Why? Over the years, Ferrari has epitomized the pinnacle of race-bred automotive engineering, and the 250 GTO exemplifies this with its race-spec, barely road-legal homologation. Moreover, classic Ferraris from this era are not only meticulously engineered but also styled to turn heads in a manner that modern Ferraris no longer possess.

The production of the Ferrari 250 GTO began in 1962 and lasted for two years, yielding just 36 units, all designed with a singular purpose: racing. This car underwent a complete restoration a few years ago, boasting a comprehensive service record and retaining its original chassis, transmission, engine, and body.

Powering the 250 GTO is a 3.0-liter V12 engine, producing 300bhp, channelled through a 5-speed manual transmission. While this power may seem modest by modern standards, back in the early 1960s, 300bhp was considered a significant amount of power.

Chassis #3527 was entered into multiple races by its original French owner, who subsequently retired the car from competitive racing in 1965. It was then sold to a buyer from the UK. The Ferrari 250 GTO cost $18,500 in 1962, which is equivalent to $188,000 when adjusted for inflation.

However, the 250 GTO is so rare and sought after that buyers are willing to pay a significant premium. For instance, one example sold for $53 million at auction in 2023. Even rarer Le Mans editions command an even higher price.

The 250 GTO holds a significant place in Ferrari’s road car history. Its successor, the 288 GTO, later paved the way for iconic models like the Ferrari F40.