A 1962 Ferrari 250 GTO is on the block and expected to be the most expensive car ever sold at auction.
ANY TIME A Ferrari 250 GTO comes up for auction it’s an event. Not only is it one of the most lusted-after sports cars in history, it’s also one of the rarest. Only 36 were produced, all from 1962 to 1964—and amazingly, collectors can account for all of them. (Ralph Lauren owns one, as does tech billionaire Craig McCaw.) In August 2014, a 1962 Ferrari 250 GTO set a record at auction when it sold for $38.1 million. On August 24, another 1962 GTO—the third one ever built—is coming up for sale at RM Sotheby’s. In addition to a storied racing career, this Ferrari (below) has an extraordinary provenance and is expected to speed past the auction record, with a presale estimate of $45 million.