Red Ferrari GTO offered for private sale, all-time record price feasible 1A Ferrari 250 GTO, one of only 36 manufactured by the Italian company in 1962 and 1963, is being offered for $20 million in a private sale by RM Auctions.The 170 mph 1963 Ferrari is billed as the worldโ€™s ultimate sports car by Canadian-based race cars auction specialists in Canada, with the Ferrari being offered on behalf of a Japanese collector.

The 250 GTO model won its division of the World Sports Car Championship in 1962, 1963 and 1964 and was voted by Motor Trend Classic magazine the โ€œGreatest Ferrari of All Time.โ€

Red Ferrari GTO offered for private sale, all-time record price feasible 2

The privately-sold Ferrari GTO featured the original Series I bodywork, while the RM example has the slightly later, less desirable Series II design.

A U.K. collector recently privately sold a 1930s Alfa Romeo 8C 2900 sports car for 12 million pounds ($17.9 million). A Ferrari 250 Testa Rossa, sold by RM Auctions for $12.2 million in May 2009, holds the record for any car offered in a public salesroom.

The current owner acquired the car in 1996 and is selling it because he’s no longer racing.

For additional information, visit: www.rmauctions.com.

Article Last Updated: March 5, 2010.

Leave a Comment

Share to...