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1962 Ferrari 250 GTO sold for $51.7M

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Record-breaking Ferrari

A 1962 Ferrari 250 GTO by Scaglietti set a new record as the priciest Ferrari ever auctioned, selling for $51.7 million at RM Sotheby's auction in New York City.

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Collector's 40-year treasure

The car belonged to Ohio-based collector Jim Jaeger for almost 40 years and features a No. 7 racing livery and a 4-liter engine.

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Nurburgring victory

In 1962, it secured a class victory and second place overall at the Nurburgring 1,000km race. Additionally, it won the Best in Show award at the Amelia Island Concours d'Elegance in Florida in 2012.

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Ferrari auction dominance

Ferraris have dominated auction sales this year, with 12 of the top 15 cars sold at auction sporting the iconic emblem.

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Top-selling Ferraris

Other high-selling Ferraris in 2023 include a 1962 Ferrari 250 GT SWB California Spider, which went for approximately $18 million, and a 1964 Ferrari 250 LM that garnered €15.7 million.