Ferrari 250 GTO with £45 million price tag could become the world's most expensive car

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A classic Ferrari looks set to become the world's most expensive automobile, with a price tag of £45 million.

The 1962 Ferrari 250 GTO is not only one of the world's most acclaimed classic racers, but also the second to have ever rolled off the production line.


It began its life as a Scuderia Ferrari factory testing car, before it was sold to Luigi Chinetti and his legendary North American Racing Team. Under Chinetti, it became the first GTO to be used in competition, with Phil Hill piloting it to first in its class and second overall at the 1962 12-hour Sebring race.

After changing hands to Robert "Bob" Grossman, the GTO took third place in its category, and sixth overall in the same year's Le Mans 24-hour race.

He then sold it to his co-driver Mike Gammino, under who it continued to pick up podium places until 1965. It has changed hands numerous times since, selling most recently for £100,500 in 1978, following a restoration.

In the intervening 40 years, it has been shown at several Concours events around the world and was recently displayed in a museum.

Ferrari 250 GTO with £45 million price tag

Ferrari 250 GTO with £45 million price tag

The exclusive car has now been listed for sale at Ascot-based Ferrari specialist Talacrest, with the price tag to match its provenance.

John Collins, who runs the prestige dealership, said: "I've been looking for a 250 GTO for a while and the opportunity came up with this one, which is the second GTO built. "It is a beautiful Ferrari, the Holy Grail of classic cars, and it has a great racing history having finished sixth overall at Le Mans and first in class at Sebring.

"I have already had one offer on the car and know there will be interest. It will get you on the Ferrari 70th anniversary tour next year.

"After the US election, people are going to be looking at investing in assets and this is a lot better than a painting on the wall." So exclusive is Ferrari's 250 GTO that this is the first to have been openly marketed in England in more than 20 years.