Despite what the experts of the business were telling us in the weeks prior to this year’s Pebble Beach, the Ferrari 250 GTO that was auctioned at the event got nowhere near the expected selling price of 50, 60 or 70 million USD. This 1962/63 Ferrari 250 GTO, chassis number “3851GT”, sold for “only” $38,115,000 USD.

So kind of disappointing as far the previous owner is concerned, but still a record. To be honest Ferrari 250 GTO prices were getting wildly out of hand, with the owners naming whatever too their fancy. This will probably put a stop to that. They are not going to decline, but we will probably never see another $52 million GTO again.

This Ferrari 250 GTO was only one of an amazing lineup auctioned by Bonhams at Monterey. Other notable cars sold at the even include:

1958 Ferrari 250 GT Series 1 Cabriolet – $6,820,000 USD

1953 Ferrari 250 Mille Miglia Berlinetta – $7,260,000 USD

1969 Ferrari 365 GTB/4 ‘Daytona’ Berlinetta Competizione – $935,000 USD

1962 Ferrari 250 GT Short-Wheelbase Speciale Aerodinamica – $6,875,000 USD

1978 Ferrari 312 T3 Formula 1 Racing Single-Seater – $2,310,000 USD