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Ferrari 250 GTO

1962Coachwork by Scaglietti

THE VEHICLE AT A GLANCE

Model dossier

Production period
1962–1964
Body style
Berlinetta
Engine
Front longitudinal 60° V12
Type
Limited
Production
36
Power
300 hp
Top speed
280 km/h

THE PEOPLE BEHIND THE CAR

Coachbuilding, design & conversions

PRICE & SALES RECORD

Vehicle value

Original price
Not documented
Latest recorded sale
USD 38,500,000 2026-01-17 · MecumRecorded sale of an example of this model.
Price details & sale history ↗

01 / THE STORY

History & context

The Ferrari 250 GTO is a remarkable vehicle that serves both as a road car and a racing car. It has earned its reputation as the epitome of Ferrari excellence and remains one of the most iconic and beloved cars in history. The designation “250” signifies the displacement of each cylinder in its powerful 3000 cc V12 engine, while “GTO” stands for “Gran Turismo Omologata.” Interestingly, this abbreviation was not used again until the introduction of the Ferrari 288 GTO in 1984. The development of the 250 GTO began with the Ferrari 250 GT Berlinetta short wheelbase, which had a wheelbase of 2400 mm. The 3-liter V12 engine from the 250 Testa Rossa was repositioned, and extensive modifications were made to the suspension and bodywork. Following a disagreement with Enzo Ferrari, the chief engineer of the project, Giotto Bizzarrini, was dismissed, along with other Ferrari engineers. The project was then entrusted to the young engineer Mauro Forghieri and coachbuilder Sergio Scaglietti. The highly regarded bodywork of the 250 GTO is the result of the collaboration between Bizzarrini and Scaglietti, rather than being attributed to a specific design house or designer, as is typically the case. In 2004, the prestigious U.S. car magazine Sports Car International ranked the 250 GTO as the top sports car of the 1960s, and it was also hailed as the “Best Ferrari of all time” by the esteemed U.S. magazine Motor Trend Classic. The Ferrari 250 GTO was born and was developed in every smallest detail solely for racing use. The idea came in 1960 to Enzo Ferrari, who asked his chief engineer in the experience department Giotto Bizzarrini to create, in view of the new regulations imposed by the 1962 World Championship of Makes, which was to be held only with GT cars, a small, light and very fast sports car that would exploit the 3-liter V12 engine of the 250 series and that could compete with the Jaguar E-Type. In a short time and taking advantage of a Ferrari 250 GT “short wheelbase,” chassis No. 1791 GT, Bizzarrini built a prototype. Compared to the 250 short wheelbase, the engine was repositioned by moving its mounts back, the suspension mounts were modified, and the central structure was reinforced with metal cross members. The engine was the classic 3-liter V12 with Testa Rossa specifications. The bodywork was modeled following exclusively functional and not aesthetic requirements however the result was still splendid. The work was carried out on the tubular chassis directly by the team of Bizzarrini and Scaglietti and not entrusted to an external coachbuilder, perhaps because in this way it would have been easier to make changes dictated by racing needs. This first example was already very similar to the final version of the GTO but neither the small tail spoiler nor the dry sump lubrication were present. This first prototype (initially initialed 539/62 Comp., then 539/64 Comp.) was completed in record time in mid-August and was tested during the 1961 Italian GP at Monza by Willy Mairesse. This test yielded excellent results also thanks to the help of Stirling Moss, who tested the car during F1 practice, scoring a time of 1 45″4 such that Enzo Ferrari said “You had never seen a GT in front of single-seaters.” The car had lubrication problems because on the elevated roads the oil would move from the sump into the left cylinder head and cause the pump to draw vacuum and smoke the engine. Therefore, a dry sump engine was fitted which solved the problem and increased the capacity of the oil circuit from 10 to 20 liters. In December 1961 while testing continued on the car in Maranello the “palace revolution” exploded in which many designers were removed from the company including Giotto Bizzarrini and Carlo Chiti who would later found ATS. Thus development of the GTO passed directly to a young Mauro Forghieri who had just taken over and to Sergio Scaglietti. During testing, the dangerous tendency of the rear end to lose grip due to the self-steering effect was discovered, so the tail spoiler was added, the first in a GT car, and Watt’s parallelogram was added, recalibrating the rear suspension. The car (chassis No. 3223) complete, but still without the spoiler, was presented to the world on February 24, 1962, in Maranello at the customary pre-season press conference. This was the only car present with the front engine: all the others both single-seaters and Sport cars featured the power unit in the central position. FIA rules for the 1962 season required 100 examples of a specific model to be built in order to grant homologation to participate in Grand Touring car competition in Group 3. Only 36 examples were produced with a 3000 cm³ engine and 3 with a 4000 cm³ engine (often referred to by the misnomer 330 GTO, because of the different unit displacement) for a total of 39, and this allowed Ferrari to be very selective with potential buyers. Ferrari circumvented the rules by means of non-sequential numbering of the chassis produced, and soon became the star of the tracks. The lines of the hand-built aluminum bodies by Scaglietti did not change during the production period, which ran from 1962 to 1964, with the exception of a single example bodied with the lines of the 330 LM Berlinetta, the 3 GTO/64 and the 4 GTO/64-style re-carved Series I cars, however the differences in detail are obvious. Some examples of the I series have 3 vents behind the front wheel arches and not 2, some have “Snap” exhausts, some have air vents behind the rear window pillars, some rear lights are mounted on supports others are not, finally the spoiler on some cars is bolted on externally, on others it is integrated. Of the examples produced, only two left Maranello in green tint, and to this day only one is still in this color, the BP green typical of the British oil brand, while the other was repainted classic red. Another peculiarity of the green model is the right-hand drive.

02 / TECHNICAL IDENTITY

Specifications & construction

Production & construction

Production
36
Production type
Limited
Production from
1962
Production to
1964
Production notes
Ferrari official history distinguishes 36 three-litre GTOs from three 4-litre GTOs. This 250 GTO family therefore uses production_units=36. Exact chassis provenance and market history remain child-specific.

Engine & performance

Engine configuration
Front longitudinal 60° V12
Displacement
2,953.21 cc
Power (hp)
300 hp
Power (kW)
221 kW
Top speed
280 km/h
Specification notes
Ferrari's official model archive gives the 250 GTO family baseline: front longitudinal 60° V12, 2,953.21 cc, 300 hp / 221 kW and 280 km/h. The 4-litre GTO derivatives remain separate and are not collapsed into this baseline.

Individual vehicle

Documented chassis
3 chassis
  • 3413GT
  • 3729GT
  • 3851GT

Design & manufacture

Manufacturer · Documented
Ferrari
Coachbuilder / Body Builder · Documented
Scaglietti

05 / VALUE

Value & price history

Original price & purchase history

Historical purchase price · 1962-07-01
USD 18,500.00

Recorded sale history

USD · 3 recorded sales

Last sale
USD 38,500,00017 Jan 2026
Highest sale
USD 48,405,0003 recorded sales
Average sale
USD 41,673,333Completed sales only

RECORDED SALES

Recorded sale history

USD

Recorded sale history

USD · 5 dated sales
Scatter plot of completed auction sales. Every point has its own date. The gold line connects recorded prices for the selected currency only; different chassis may be represented. Horizontal positions represent calendar time. Year-only and month-only dates use approximate plotting positions. 49,948,500 43,260,000 36,571,500 2014 2016 2018 2020 2022 2024 2026 USD 38,115,000 · 2014 · Bonhams USD 38,115,000 · 2014 · Bonhams USD 48,405,000 · 2018 · RM Sotheby's USD 48,405,000 · 2018 · RM Sotheby's USD 38,500,000 · 2026-01-17 · Mecum
17 Jan 2026
Mecum · Chassis not verified
USD 38,500,000

Each point is a completed sale with its own date, in chronological order. Dates are positioned by calendar time, with approximate placement when only a year or month is documented. The connecting line shows observed sales prices in this currency, not an appreciation index: transactions may concern different chassis and specifications. Factory prices and unsold estimates are excluded.

Auction & sale history

Showing 6 most recent of 21 market records. Expand to see the full history, including estimates and unsold lots.

Date Venue Chassis Record Status Amount
17 Jan 2026 Mecum Model-level · chassis not verified Sale price Sold USD 38,500,000
2018 RM Sotheby's Model-level · chassis not verified Sale price Sold USD 48,405,000
2018 RM Sotheby's Model-level · chassis not verified Sale price Sold USD 48,405,000
2017 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 44,000,000
2014 Bonhams Model-level · chassis not verified Sale price Sold USD 38,115,000
2014 Bonhams Model-level · chassis not verified Sale price Sold USD 38,115,000
2013 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 52,000,000
2012 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 31,700,000
2012 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 35,000,000
2010 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 17,700,000
2008 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 22,763,611
2007 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 22,000,000
2004 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 10,600,000
2000 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 6,500,000
1996 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 3,500,000
1993 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 3,250,000
1988 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 4,200,000
1978 Model-level · chassis not verified Historical sale Candidate · Reported Sale GBP 37,000
2010-2011 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 26,000,000
1967 Model-level · chassis not verified Historical sale Candidate · Reported Sale GBP 6,000
1962-07 Model-level · chassis not verified Historical sale Candidate · Reported Sale USD 18,500

Market observations describe documented transactions, estimates or offers. They are not themselves a current valuation of the vehicle.

06 / EVENTS & AWARDS

Events & awards

Historical awards to researchRecorded results awaiting reconciliation
Event
Tour de France Automobile
Date
1962-09-23
Recorded award / result
2nd overall
Verification status
To be verified — this historical result has not yet been accepted as a confirmed CI 2.0 Award. The event, recipient and evidence require reconciliation.
XI Tour de France Automobile – General · verified
Date
1962
Chassis
General

Knowledge event_record_key BAR-3851GT-19620923

XVIII Coupes du Salon – General · verified
Date
1962
Chassis
General

Knowledge event_record_key BAR-3851GT-19621007

Tour de France Automobile 3851GT · 2nd overall · Unregistered · Unreviewed
Date
23 Sep 1962
Chassis
3851GT
Award / result
2nd overall
Pebble Beach General · legacy_preserved
Date
2021
Chassis
General

Preserved CI 1.0 relation. Evidence field: list_of_awards_0_events. No award inferred.

71st Pebble Beach Concours d'Elegance General · legacy_preserved
Date
2022
Chassis
General

Preserved CI 1.0 relation. Evidence field: list_of_awards_0_events. No award inferred.

Pebble Beach General · legacy_preserved
Date
2024
Chassis
General

Preserved CI 1.0 relation. Evidence field: list_of_awards_0_events. No award inferred.

Pebble Beach General · legacy_preserved
Date
2026
Chassis
General

Preserved CI 1.0 relation. Evidence field: list_of_awards_1_events. No award inferred.

08 / FROM THE ARCHIVE

Archive

References held in the vehicle dossier. Their inclusion does not establish that every historical claim has been independently verified.

ReferenceSource type
Ferrari — 250 GTO history www.ferrari.com Manufacturer official archive

10 / CONNECTED HISTORY

Timeline

Chronological history28 dated records
  1. Unassigned chassis · Event

    XI Tour de France Automobile –

  2. Unassigned chassis · Event

    XVIII Coupes du Salon –

  3. Unassigned chassis · Auction

    Auction · Reported_sale · USD 18,500

  4. 3851GT · Event

    Tour de France Automobile · 2nd overall

  5. Unassigned chassis · Auction

    Auction · Reported_sale · GBP 6,000

  6. Unassigned chassis · Auction

    Auction · Reported_sale · GBP 37,000

  7. Unassigned chassis · Auction

    Auction · Reported_sale · USD 4,200,000

  8. Unassigned chassis · Auction

    Auction · Reported_sale · USD 3,250,000

  9. Unassigned chassis · Auction

    Auction · Reported_sale · USD 3,500,000

  10. Unassigned chassis · Auction

    Auction · Reported_sale · USD 6,500,000

  11. Unassigned chassis · Auction

    Auction · Reported_sale · USD 10,600,000

  12. Unassigned chassis · Auction

    Auction · Reported_sale · USD 22,000,000

  13. Unassigned chassis · Auction

    Auction · Reported_sale · USD 22,763,611

  14. Unassigned chassis · Auction

    Auction · Reported_sale · USD 17,700,000

  15. Unassigned chassis · Auction

    Auction · Reported_sale · USD 26,000,000

  16. Unassigned chassis · Auction

    Auction · Reported_sale · USD 31,700,000

  17. Unassigned chassis · Auction

    Auction · Reported_sale · USD 35,000,000

  18. Unassigned chassis · Auction

    Auction · Reported_sale · USD 52,000,000

  19. Unassigned chassis · Auction

    Bonhams · Sold · USD 38,115,000

  20. Unassigned chassis · Auction

    Bonhams · Sold · USD 38,115,000

  21. Unassigned chassis · Auction

    Auction · Reported_sale · USD 44,000,000

  22. Unassigned chassis · Auction

    RM Sotheby's · Sold · USD 48,405,000

  23. Unassigned chassis · Auction

    RM Sotheby's · Sold · USD 48,405,000

  24. Unassigned chassis · Event

    Pebble Beach

  25. Unassigned chassis · Event

    71st Pebble Beach Concours d'Elegance

  26. Unassigned chassis · Event

    Pebble Beach

  27. Unassigned chassis · Event

    Pebble Beach

  28. Unassigned chassis · Auction

    Mecum · Sold · USD 38,500,000

THE CONVERSATION

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