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Nice Whips: 1962 Ferrari 250 GTO

Nice Whips: 1962 Ferrari 250 GTO

RM Sotheby’s is set to auction off yet another classic car, this time making room for a stunning 1962 Ferrari 250 GTO. Originally cutting its teeth as a test machine for American racer Phil Hill at the 1962 Targa Florio road race, the vintage vehicle eventually went on to boast quite a commendable racing resume.

Edoardo Lualdi-Gabardi — the automobile’s original private owner — claimed victory at the Italian National GT, in addition to crossing the finish line first in other such prestigious competitions. Eventually, the car changed hands and into the ownership of Gianni Bulgari (from the famed jewelry brand), who continued the car’s racing edge, later giving way to its Series II specification body upgrade in 1964.

The old-school Ferrari was last sold in 2000 for $7 million with a current estimated value hovering around the $45 million mark, which if were to hold true, would make this 1962 Ferrari 250 GTO the most valuable automobile ever to hit the auction floor. As it stands, RM Sotheby’s will list the car later in August.

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