Ferrari 250 GTO sells for a record $51.7 million at auction; here’s why

A 1962 Ferrari 250 GTO has been sold at the RM Sotheby’s auction for a hammer price of $51.7 million, well below the initial estimate of $60 million. However, it still tops the list of the most expensive Ferraris sold at auction. Ferrari 250 GTOs often fetch astronomical prices at auctions. This 1962 example though […]

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