/Bonhams Ferrari 250 GTO Headed for Monterey Auction

Bonhams Ferrari 250 GTO Headed for Monterey Auction

Bonhams Ferrari 250 GTO 600x344 at Bonhams Ferrari 250 GTO Headed for Monterey Auction

This, ladies and gentleman, will soon become the most expensive car in the world, ever. It’s a 1962 Ferrari 250 GTO chassis number 3851, to be auctioned by Bonhams at the Monterey Pre-Reunion, and it is expected to pass the magical $60 million mark.

The last time a Ferrari 250 GTO, of which only 39 units were ever built, was auctioned it went for $52 million USD. And it was only a year ago. So 60 actually sounds pretty reasonable. This car increases in value by nearly $10 million each year. When it stops appreciating, no one knows.

Bonhams Ferrari 250 GTO is from the Maranello Rosso Collection and has been in one family’s care for the past 49 years. Bonhams will sell the car and nine other Ferraris from the collection at its Bonhams Quail Lodge Auction August 14. This GTO has significant racing history including 1962 Tour de France Automobile in which it covered 3,418 miles and finished second overall.

“Collectors around the world are eagerly awaiting auction day to see what the market will command for such a historically significant and rarely available automobile,” said Mark Osborne, head of motoring for Bonhams in the U.S. “There is no reserve on this car, meaning that it will be sold to the highest bidder regardless of what that bid is. And what better way to showcase it than in front of racers and collectors who are at the Monterey Pre-Reunion.”

(Founder / Chief Editor / Journalist) – Arman is the original founder of Motorward.com, which he kept until August 2009. Currently Arman is our chief editor and is held responsible for a large part of the news we publish.