This rare Ferrari could sell for more than $70M!
What's the story
A pristine and completely unrestored 1962 Ferrari 250 GTO is up for sale, with an estimated value of over $70 million. The car will be auctioned at Mecum Auctions in Kissimmee, Florida from January 6 to 18. The high price tag can be attributed to the Ferrari's unique "Special White" paint job, a rich racing history, and immaculate condition.
Car specifications
The unique features of the 250 GTO
The Ferrari 250 GTO is considered the ultimate Ferrari by many. Built between 1962 and 1964, just under 40 units were made for the International GT Championship. The car combines sleek aerodynamics with legendary mechanics. It features a V12 Type 168/62 Comp engine with a displacement of three liters and an output of some 300hp. This engine, paired with a five-speed manual transmission, ensured exceptional performance and endurance in long-distance races.
Custom modifications
A unique addition
What makes this particular model, chassis number 3729GT, truly special is its configuration. It is the only Ferrari 250 GTO ever delivered new in White, a color choice made by its first owner John Coombs. Coombs made certain functional modifications that are still present today such as hood slots and a third air intake on the fender. These details suggest real racing use rather than being just another museum piece.
Racing legacy
A history of racing and ownership
The Ferrari Special White has a stellar racing record, having won its class and finished second on several occasions. It has been driven by famous racers like Graham Hill, Jack Sears, Mike Parkes, Roy Salvadori, and Richie Ginther. In 1962 and 1963, it was second overall at the RAC Tourist Trophy in Goodwood, a race that counted toward FIA GT championship points, directly contributing to Ferrari's world titles.
Ownership timeline
A journey through time
After its racing career, the car passed through many notable owners including Sears himself who owned it for nearly three decades. Since 1999, it has been part of the Jon Shirley Collection. During this period, it was restored to its original White livery and often used at prestigious events like Pebble Beach Concours d'Elegance and Goodwood Revival. Thanks to not being invasively restored but maintained when necessary, it retains a rare level of originality certified by Ferrari Classiche Red Book.