The most celebrated of all GT racing Ferraris is shorthand for telephone number auction prices. And the bar has been raised once again. This weekend, a 1963 example has been sold to an American A rare 1962 Ferrari 250 GTO will go up for auction in August. With memories still fresh of the world-record-setting price of US$70 million recently paid for a Ferrari 250 GTO with competition The star lot at the RM Sotheby’s sale, the Scaglietti-bodied Ferrari 250 GTO went for $48.405m (£37.51m) – comfortably usurping the previous auction record (set in 2014 by another 250 GTO) of $38m (£23m). As a result of the sale, Ferraris now make up six of the 10 most expensive cars ever sold at auction, with and without taking inflation The lowest recorded sale in history was in 1969 when a 250 GTO sold for $2,500 which was well below the market value of around $6000-$8000 at the time. Prices started to take off in the late '70s A 1962 Ferrari 330 LM/250 GTO hammered down for $51.7 million at Sotheby’s on Monday, $51.7 million is the second-highest price ever achieved for a car at auction. The interior of the 250 GTO. A Tour de France-winning 1963 Ferrari 250 GTO has changed hands for a reported $70 million. for an owner to part with one at any price. will be part of one of the largest Ferrari auctions A 1962 Ferrari 330 LM / 250 GTO achieved a record-breaking sale price of $51,705,000 at RM Sotheby's Marquee Week Sales of Modern and Contemporary Art. While it is the priciest Ferrari sold at auction, it ranks third among the most expensive Ferraris ever, with two 250 GTOs achieving higher prices through private sales. The supercar went on sale for $2.78 million, reported MotorAuthority. Estimated value or price: $39.8 million; The 1957 Ferrari 250 Testa Rossa is one of just 34 models ever built, said 0nCHp5.