Full Auction of the $48M 1962 Ferrari 250 GTO (Monterey Car Week)
Автокөліктер мен көлік құралдары
Watch the full auction portion of the 1962 Ferrari 250 GTO held by RM Sotheby's at the Monterey Conference Center.
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FINAL total purchase price: $44 Million bid price + $4.4 Million auction fees = $48.4 Million (SOLD)
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Check out the original listing of this beautiful model from the RM Sotheby's site here: rmsothebys.com/en/auctions/MO...
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At the recent RM Sotheby's auction, there were many iconic and legendary auto machines that date back from as early as the 1930's to the current 2000's.
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Needless to say, of the variety of vehicles up for auction there were a few that caught the attention of many collectors. Some automotive masterpieces that held an admirable list of past awards and distinguished trophies.
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The moment that the entire audience had been waiting in anticipation for ever since its announcement back in Spring of 2018. The attention garnered revolved around one particular model, the 1962 Ferrari 250 GTO.
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This model is only one of 36 GTO's ever built and was auctioned at the recent auction held on August 25, 2018.
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The final sale price of this astonishing #23 model of the Ferrari 250 GTO closed at $44,000,000 + $4,400,000 in buyer auction related fees. This auction sale breaks the previous world record as the most expensive vehicle sold at public auction compared to the last publicly sold GTO that went for $38,000,000.
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As a select group of vehicles and their respective owners, it's no wonder that the legendary Ferrari 250 garners an attention that few automobiles can command.
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*DISCLAIMER: No copyright infringement intended and is for educational purposes only of how auctions look like and how a rare vehicle is auctioned off. This belongs to RM Sotheby's.
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Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, new reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise by infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
Пікірлер: 594
I was _gonna_ bid, but was having a bit of trouble selling my old sofa on Craigslist and couldn't quite come up with the cash. Bummer.
@TheFriendlyTroll
5 жыл бұрын
LOL! Maybe next time.
@Jons_broken_toe
5 жыл бұрын
😂😂😂😂😂
@Rimrock300
5 жыл бұрын
I would not sell the old sofa, better put it in the future Ferrari section of your garage
@gregoryscott7088
5 жыл бұрын
No lowballs on the sofa, he knows what he's got.
@kseries1981
4 жыл бұрын
lmao!
For everyone that’s confused by the title: car sold for $44mil + auction house fee (usually 10% of the final bid) which is $4.4mil = $48.4mil
I have one at home. It’s on display on the shelf.
@m0ther_bra1ned12
5 жыл бұрын
Yours will probably be driven more to boot. XD
@sesto194
5 жыл бұрын
@@m0ther_bra1ned12 thats a big shelf
@joyusa3182
5 жыл бұрын
Lol
@kaitlyn3386
5 жыл бұрын
XD 😂 😂
@bruh-qq1sx
5 жыл бұрын
A model 250 GTO?
I love the Ferrari legacy, but even breathing the air in that auction hall would bankrupt me!
take a shot every time he says 41 million
@joyusa3182
5 жыл бұрын
I csnt evrn tuypr amu mir
@Ivanthegreat141
3 жыл бұрын
joyusa 31 22 times
@ranveerbose7617
3 жыл бұрын
and your toyota will turn into that car for free
The great thing about this car is that most of the people who has it, still drive it. Some notable owners are nick mason and Lawrence stroll, who has 2.
@stevezisk3415
Жыл бұрын
Mason has some Beauties
He could have bought Canada for that much, he made the better deal.
@fuckugplus
5 жыл бұрын
in 1810 yeah
@IIIIllllllllIIIIIllll
5 жыл бұрын
I don't think so..
@tacolove892
4 жыл бұрын
@John Smith ...................dddduuurrrrrrrrr.....it's ass hole humor.
@Cheops2112
4 жыл бұрын
An asshole in every group...🙄
@ImBrockatron
3 жыл бұрын
yes he did lol.
Meanwhile at supermarket choosing between $1 or the expensive $3 butter
Man, I'm so sad I missed this one. I was gonna buy it, but my Dodge broke down on my way to the auction and didn't make it... 😑
I like how they made a mistake first by putting 3.5 mil instead of 35 mil.
@legendofzelda2324
Жыл бұрын
Yea. Japan sure had different prices as well.
@DrayDray78
Жыл бұрын
Lol he even offered it for 43,000 and real fast COUGHT his mistake 8:58
still more exiting than the whole f1 season
@ImBrockatron
10 ай бұрын
It definitely sounds better.
he adds 250,000 dollars and everyone laughs... hahahahhahahahahah... omg
@FUNZO1975
5 жыл бұрын
I know right? ....I dream of the day when I can laugh at a quarter mil.
That’s beautiful, congratulations to the owner
@chrissmith8469
2 жыл бұрын
Thanku
That's more money than I'm ever going to see in my entire lifetime and probably two or three generations after... FOR ONE CAR. XD
@skywalkinonthesehaters8659
5 жыл бұрын
/M0ther_bra1ned/ same😂😂😭😭
@CamboMaka
5 жыл бұрын
Time to get your game up.
@ipadize
5 жыл бұрын
thats more than i will ever see in 44 lifetimes if i work till 80
@FUNZO1975
5 жыл бұрын
That's why they call it .....living the dream.
@MassimoMSSR
4 жыл бұрын
That car is worth more than human life for its history and rarity and just how special it is.
I'm watching this video with $25 in my pocket 😂
@zixto76
2 жыл бұрын
🤣🤣🤣🤣
@user-ru6mq5sc5n
2 жыл бұрын
Yes but how much in the bank?
@C.I.A_Unclassified
2 жыл бұрын
Best comment of the year 😂
at 3:30 he spoke italian 'quarantuno milioni di dollari contro di te' :-)
@nieleda2561
3 жыл бұрын
qrantuno ha detto
I got to see this car in person a few months before the auction. Gorgeous ❤
I bid $43 million, but I had to go to the toilet. When I came back it was sold. Shouldn't have had that damn Pepsi before the auction.
Best auto purchase I ever made. The good chaps at Dothan werks keep the car in tip top. Cheers
I saw a beautiful highly detailed 250 GTO 1/8 scale model priced at £6K. It seems like a bargain of the century and probably more mobile compared to this real legendary car that is now just a museum artefact 😂
@mattlawton4715
Жыл бұрын
I'm just going to buy a new one
@GinolasVideos
Жыл бұрын
most of them all still get driven, and raced :o
1,000,000 per bid, this is different gravy. I'd be careful holding up a camera 🎥 in case they take a bid 👏🏼
I can not wait till Arizona RM Auction 2023
there's a red car in space right now
@lindsayknuth906
4 жыл бұрын
Elon musk what goes up must come down
@rien9281
4 жыл бұрын
@20GRIZZ20 just a joke dumbass
@mathiashermansen785
3 жыл бұрын
This car is history
@imjustaviewer8709
3 жыл бұрын
Yea ik its a tesla
@kingsofkings_5661
3 жыл бұрын
That’s red Tesla Elon musk
2:00 price display fail on the left.
Great deal .... Well purchased !!!
I just finance it for 1 million years Zero down😁
@debbiedunn4477
3 жыл бұрын
Lol
In the 1960's I saw two GTO's compete at Pacific Raceways in Kent, Wash against 3 Cobras. Does anyone know where they ended up? I had heard that at one time Innes Ireland was offered one for less than 10 thousand but it was just another old race car to him.
Thanks Ian
Type in Salvador Mundi Auction That is how it is done
Love the car but love 48M$ much more
I bet they won't even drive that car. It will sit in a showroom while the owner has a very expensive glass of wine and smoke a cigar just admire the vehicle.
@debbiedunn4477
3 жыл бұрын
Yep
@ronishsharma2989
3 жыл бұрын
I mean driving a 48 mil $ car probably isn't the best idea.
@dhalsim-1
3 жыл бұрын
They have to drive it once in a while or the engine will cease
@tedecker3792
2 жыл бұрын
I do that looking at my Chevette
Thats just insane...
I’m always amazed at the enormous gap on what a human can make to afford this..
I was gonna buy a Kia Forte but this might be my next car.
Wow!!!.... And I'm sitting here dreading getting new tires on my 2003 chevy s-10!!!😲
250 GTO chassis 3413 GT is the queen of 1962 TRIESTE-OPICINA HILLCLIMB. LUALDI GABARDI at the wheel of 3413 GT won a legendary TRIESTE-OPICINA HILLCLIMB. An overall win with new speed record of the race
All millionaires sitting in one place
why am I watching this, i cant even afford of its tire bolts
I was gonna bid $49 million to give it to my wife and then I remembered she prefers it on pink.
@royalbank5567
4 жыл бұрын
How
How much did the chrome p1 go for?
incredible
Mine went on the forza horizon 4 auction house for only 3,000,000 credits. what a rip off. I'm assuming. Not sure what the exchange rate is.
Meanwhile in India. Kid works for $1 a day..
@sebypudilic8351
4 жыл бұрын
@@paulgilhuis1 =))))))))))))
@420cm
4 жыл бұрын
And your point is??
@prasunsingh7134
4 жыл бұрын
@@420cm his point is in india everyone works , they are not like him waste product. And how many years it will take for him to buy $48 million car🤔.
@specialed4564
4 жыл бұрын
@@prasunsingh7134 not just in India theres lots of countries like that
@prasunsingh7134
4 жыл бұрын
@@specialed4564i know bro but pointing out one country is not good.
Jesus, what a beautiful car. Timeless and all class.
Imagine the commissions payed by the seller and the buyer it’s usually 12% unless negotiated.thats almost 20 million Dollars auction house profit in10 minutes. The whole deal is mind boggling!
After I win Powerball I will be back for a 250LM or a P3/4.
@user-tg3bx9rz8y
5 жыл бұрын
P3/4 the best.
@FUNZO1975
5 жыл бұрын
Me too brother.
more money than I'll ever make in multiple lifetimes
The Way my bank account works..I have my checking in my savings and it takes 3 business day.. 🤪😂
I was gonna bid but my wife call me on the phone remembering we have to pay house loan first!!!
I just crashed one of these … on gran Turismo sport haha!
@WiR3DGaMiNG
5 жыл бұрын
20 million on gt sport :O
@paveantelic7876
5 жыл бұрын
for how long did u save up money?
@WiR3DGaMiNG
5 жыл бұрын
I didn't have to buy the car. it was on a daily race to use for free brands hatch I believe it was
@aydankhaliq2967
3 жыл бұрын
@@WiR3DGaMiNG just bought mine. Had to sell a couple of lancia's and LMP1 cars. 250 gto has so much more grip than other cars of the time.
this is the gdp of Botswana
Huge money but that auction had all the excitement of a caterpillar race.
Kinetic art
was that Stroll i seen down the back
Well considering that Leonardo Da vincis painting, The Christ sold for 450 million this looks like a bargain!
The gentlemen able to buy this car grew up with it dreaming about it. Once that generates passes away, I do not believe that car will be worth as much. I am in my 20’s and cars like the McLaren F1 and MC-12 will probably some of the top priced cars.
This Ferrari 250 GTO was bought by the music group AC/DC !!!
$44 million plus $4 million in auction fees is just insane.. Even if I had a billon dollars I still wouldn't spend that much on any car.
@hottiemcscottie5952
Жыл бұрын
Imagine spending 70m for car u won't drive at all
@imhappyandyou.4003
Жыл бұрын
@@hottiemcscottie5952 Right!.. Even if it was a 1 of 1 never to be made again!, it's getting driven and it will be USED!. LOL I don't "Collect" anything to just let it sit around looking good!, I enjoy everything that I've collected to the fullest and don't care if it depreciates the value of whatever it is. That's the whole reason I bought it lol.
@epicon6
Жыл бұрын
Auctions like this aren't even about the car. They are bidding just for the thrill of bidding higher than their peers. If they were privately buying the same car they wouldn't even pay 4 million for it.
@justinsu7241
Жыл бұрын
@@epicon6 not true, this is what these cars are worth, they're all bid by people behind those phone calls who stay away from the live event because the excitement and adrenaline can cause them to overbid due to excitement, staying at home or their office desk can keep them calm and just pay the most they're willing to pay for said item.
so it was sold for 44 mil not 48, wrong title
@angahcoleify
4 жыл бұрын
Please dont be lazy to read .... U look stupid u know...
Who says there is a Ferrari "bubble" prices seems to be holding up, starting bid $35 million, WOW, these vehicles are approaching fine art pricing, not to far-away will be a $100 + million car someday, which isn't a problem in the fine art auctions, common actually
@SocietyofSupercars
5 жыл бұрын
Absolutely! These prices for these extremely rare models will likely continue to double or quadruple in value over the next decade or so. The day of the next $100M Ferrari will be approaching.
@fredschriks8554
5 жыл бұрын
Saw a video about a Mercedes 300SL racecar. Rumour goes it costs over $100 million.
@DonLee1980
5 жыл бұрын
SL gull wings go for ~1-1.5 mill.
@fredschriks8554
5 жыл бұрын
@@DonLee1980 Was about a very rare racecar, only 2 units build. It wasn't a normal 300SL.
@DonLee1980
5 жыл бұрын
Fred Schriks lol I see. Good thing I really couldn’t care less about it
"Easy certifiable" 1:12 Thank God! What a ripoff if it wasn't!
I stopped bidding when they got to $35 million
Woooooww !! Legend of Lermand Winner
This car has the power to save the world from an apocalypse. Has unrivaled technology modern day cars still can not match. Has a ride to die for like riding on a cloud
Holy Grail Car
It shouldn't have a millionaire but a museum e un patrimonio del Umanità
For someone like Bezos or Bill Gates whose net worth is say $50 Billion dollars, spending $44 Million is like someone with a $200,000 net worth spending $192 dollars
Did the driver come with the purchase?
hello this is my shoe - cost 5 $ hello this is Cr7 shoe - cost 50 000 $
I remember hearing a noise from a body shop next door , the storage racking had collapsed onto a 250 GTO destroying the front end , it was in the 1990s so only a mere 1.5m
And i thought $1000 for my 96 Dodge Ram was too much 🤣
I have one. It’s still in the hot wheels package tho...
What’s it worth when the frame rots out? Craigslist add: Ferrari for sale!! originally paid $44 million dollars, asking $2500 frame needs welded.
Me sitting here, wondering how much 44 mil dollars actually is…
@two-sense
Жыл бұрын
It's one car.
Somehow it`s insane,but I love it!
Literally sold for more than its weight in gold ahahaa
Damn. This is the one I was going to buy, but I forgot my wallet at home that day.
Thats crazy
I have one too in a basement drawer its a slot car. Whats the bid 48 million
Sono macchine da museo tutti dovrebbero avere la possibilità di ammirare questa meravigliosa macchina.
Auction is like a wake
Whats the mileage again?
I'm the Ian that he was on the phone with. Nah just kidding, I'm just a humble mariner 😁
@Loulovesspeed
4 жыл бұрын
Whatever "floats your boat"! Lol
Awesome
crazy
How much does the seller get
Just Bought By Saudi Prince $58,000.0000
So why it say 48 when final bid was 44
@SocietyofSupercars
5 жыл бұрын
The total purchase price for this 1962 Ferrari 250 GTO was $48,000,000. This includes both the final bid price ($44M) in addition to the buyer auction premium fees that go with it (approximately $4M) making the total combined full purchase to be $48,000,000.
@hankowens9295
5 жыл бұрын
$44mil was the final, but with fees typically 10% to be paid above and beyond, the new owner "actually" paid $48.4mil as the total out of pocket. The old owner probably received about around $42mil total as he had to pay fees too. A nice racket for the auctioneers. Still, actually a "bargain" as that car was expected to sell for just over $50mil as the final bid.
@devoro9412
5 жыл бұрын
Well done!!!! You just made that car to valuable to drive!!!! It's a sad day for us motorheads that just want to drive these vehicles to their extremes, like they were ment to be.... So sad...
@KUROSHURA
5 жыл бұрын
Clark Roberts exactly, why say it’s the most expensive when a silver one just sold for 70M$
@acmeopinionfactory8018
5 жыл бұрын
@@KUROSHURA Most expensive at AUCTION.
Forgot one zero when the bid first started lol
who bought it?
How hard could it be to get the tilte right? the car sold for $44M and not 48
@Mechanicalcircus1
4 жыл бұрын
Johan Johansson IKR People are stupid!
@angahcoleify
4 жыл бұрын
Wow u guys so stupid and very lazy to read... Seriously u look stupid with this comment..😂😂😂
Wtf.. Final Bid was 44million and wrote 48million in caption..
@FUNZO1975
5 жыл бұрын
48 includes the "buyers premium" which goes to the auction house for their fee/cut.
-He wants to win, I think I'm gonna drop 48 for this one. -48 grand? -48 million.
Whew, the bidding really stalled out there at the end.
didnt it sell for 44m tho?
I would like to now what Was the most expensive Auction in history?!!!🇮🇹
@FUNZO1975
5 жыл бұрын
For a car I believe it was a RollsRoyce from the early 1900's that sold at auction in the 80's for something more than 50 million. but i could be wrong.
I didn't know I was bidding on my favorite car. Was my phone hacked?
Nuts!
Hey! My hand's up over here...
Che MERAVIGLIA.