Ferrari Sales at Monterey Car Week Top $65M

by Sommer Thornton
1962/63 Ferrari GTO
1962/63 Ferrari GTO

This week at the Bonhams auction at Monterey Car Week,  the 1962/63 Ferrari 250 GTO sold for $38,115,000, the most ever paid for an automobile at an auction. This Ferrari 250 GTO is now the most valuable car in the world. The 62’ GTO was most recently owned by Fabrizio Violati. Violati bought the 250 GTO in 1965 for 2,500,000 Lire ($1,149,451 USD).  It was originally finished in metallic pale grey with lengthwise red, white and blue centerline stripes when acquired by its first owner, French privateer Jo Schlesser.

No other mark is commanding attention and achieving such spectacular values so far in Monterey like Ferrari, with total Ferrari sales at Bonhams totaling just under $65 Million USD.  Additional notable sales at Bonhams include:

1958 Ferrari 250 GT Series 1 Cabriolet – $6,820,000 USD

1953 Ferrari 250 Mille Miglia Berlinetta – $7,260,000 USD

1969 Ferrari 365 GTB/4 ‘Daytona’ Berlinetta Competizione – $935,000 USD

1962 Ferrari 250 GT Short-Wheelbase Speciale Aerodinamica – $6,875,000 USD

1978 Ferrari 312 T3 Formula 1 Racing Single-Seater – $2,310,000 USD