Full Auction of the $48M 1962 Ferrari 250 GTO (Monterey Car Week)

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  • čas přidán 25. 08. 2018
  • 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.
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Komentáře • 595

  • @fidorover
    @fidorover Před 5 lety +1190

    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.

  • @erik-001-
    @erik-001- Před rokem +38

    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

  • @Pulsonar
    @Pulsonar Před 4 lety +171

    I love the Ferrari legacy, but even breathing the air in that auction hall would bankrupt me!

  • @aig1111
    @aig1111 Před 5 lety +498

    I have one at home. It’s on display on the shelf.

  • @jonaslasater4784
    @jonaslasater4784 Před 5 lety +293

    take a shot every time he says 41 million

  • @sbrsyncro700
    @sbrsyncro700 Před 5 lety +308

    He could have bought Canada for that much, he made the better deal.

  • @PL-oc7vn
    @PL-oc7vn Před 3 lety +31

    Meanwhile at supermarket choosing between $1 or the expensive $3 butter

  • @aydankhaliq2967
    @aydankhaliq2967 Před 3 lety +31

    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.

  • @Rhagical
    @Rhagical Před 3 lety +34

    I like how they made a mistake first by putting 3.5 mil instead of 35 mil.

    • @legendofzelda2324
      @legendofzelda2324 Před rokem

      Yea. Japan sure had different prices as well.

    • @DrayDray78
      @DrayDray78 Před rokem +1

      Lol he even offered it for 43,000 and real fast COUGHT his mistake 8:58

  • @matteilceodeimatte
    @matteilceodeimatte Před 4 lety +57

    still more exiting than the whole f1 season

  • @SJAutomotiveDesign
    @SJAutomotiveDesign Před 3 lety +37

    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... 😑

  • @KN-lq4zv
    @KN-lq4zv Před 4 lety +23

    That’s beautiful, congratulations to the owner

  • @hotwhells20
    @hotwhells20 Před 5 lety +122

    he adds 250,000 dollars and everyone laughs... hahahahhahahahahah... omg

    • @FUNZO1975
      @FUNZO1975 Před 5 lety +17

      I know right?
      ....I dream of the day when I can laugh at a quarter mil.

  • @obryan240
    @obryan240 Před 5 měsíci +1

    I got to see this car in person a few months before the auction. Gorgeous ❤

  • @JetEngine85
    @JetEngine85 Před 4 lety +87

    I'm watching this video with $25 in my pocket 😂

  • @40rty7even4
    @40rty7even4 Před 3 lety +5

    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.

  • @m0ther_bra1ned12
    @m0ther_bra1ned12 Před 5 lety +196

    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
      @skywalkinonthesehaters8659 Před 5 lety +3

      /M0ther_bra1ned/ same😂😂😭😭

    • @CamboMaka
      @CamboMaka Před 5 lety +32

      Time to get your game up.

    • @ipadize
      @ipadize Před 5 lety +14

      thats more than i will ever see in 44 lifetimes if i work till 80

    • @FUNZO1975
      @FUNZO1975 Před 5 lety +4

      That's why they call it .....living the dream.

    • @MassimoMSSR
      @MassimoMSSR Před 4 lety +3

      That car is worth more than human life for its history and rarity and just how special it is.

  • @AndreaZzzXXX
    @AndreaZzzXXX Před 5 lety +74

    at 3:30 he spoke italian 'quarantuno milioni di dollari contro di te' :-)

  • @PCGSIR
    @PCGSIR Před rokem +1

    I can not wait till Arizona RM Auction 2023

  • @youbian
    @youbian Před 2 lety +4

    Best auto purchase I ever made. The good chaps at Dothan werks keep the car in tip top.
    Cheers

  • @Pulsonar
    @Pulsonar Před 4 lety +20

    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 😂

  • @robincook8828
    @robincook8828 Před 5 lety +84

    there's a red car in space right now

  • @DMWBN3
    @DMWBN3 Před 3 lety +8

    1,000,000 per bid, this is different gravy. I'd be careful holding up a camera 🎥 in case they take a bid 👏🏼

  • @michaelk9056
    @michaelk9056 Před 4 lety +33

    I just finance it for 1 million years
    Zero down😁

  • @LeadMunitions
    @LeadMunitions Před 3 měsíci +1

    I’m always amazed at the enormous gap on what a human can make to afford this..

  • @murphymoe753
    @murphymoe753 Před 4 lety +9

    Love the car but love 48M$ much more

  • @crissignori7482
    @crissignori7482 Před 2 lety +2

    Great deal .... Well purchased !!!

  • @victorfranco5703
    @victorfranco5703 Před 4 lety +40

    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
      @debbiedunn4477 Před 3 lety +1

      Yep

    • @ronishsharma2989
      @ronishsharma2989 Před 3 lety +11

      I mean driving a 48 mil $ car probably isn't the best idea.

    • @dhalsim-1
      @dhalsim-1 Před 3 lety +1

      They have to drive it once in a while or the engine will cease

    • @tedecker3792
      @tedecker3792 Před 2 lety

      I do that looking at my Chevette

  • @marcogrossi6334
    @marcogrossi6334 Před 2 lety +1

    It shouldn't have a millionaire but a museum e un patrimonio del Umanità

  • @MaybeHarvey
    @MaybeHarvey Před 4 lety

    Thanks Ian

  • @MUISHAGGY572
    @MUISHAGGY572 Před 4 lety +6

    I was gonna buy a Kia Forte but this might be my next car.

  • @debbiedunn4477
    @debbiedunn4477 Před 3 lety +2

    Wow!!!.... And I'm sitting here dreading getting new tires on my 2003 chevy s-10!!!😲

  • @damiencallaghan9389
    @damiencallaghan9389 Před 4 lety +11

    Type in
    Salvador Mundi Auction
    That is how it is done

  • @Atombender
    @Atombender Před 5 lety +13

    2:00 price display fail on the left.

  • @aulbraealexanderzamora1948
    @aulbraealexanderzamora1948 Před 4 lety +31

    I was gonna bid $49 million to give it to my wife and then I remembered she prefers it on pink.

  • @Harry-rj6kh
    @Harry-rj6kh Před rokem +3

    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.

  • @salimbagatmavereika5773
    @salimbagatmavereika5773 Před 5 lety +10

    why am I watching this, i cant even afford of its tire bolts

  • @TheGreener121
    @TheGreener121 Před 5 lety +7

    Thats just insane...

  • @palmbeachgrown5125
    @palmbeachgrown5125 Před 7 dny +1

    Damn I hit bid but my internet cut out. Missed it by a few hundred thousand

  • @rigonatmauro
    @rigonatmauro Před 5 lety +6

    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

  • @cll1639
    @cll1639 Před 2 měsíci

    Huge money but that auction had all the excitement of a caterpillar race.

  • @timothylaws4549
    @timothylaws4549 Před 2 lety +1

    incredible

  • @lebaillidessavoies3889
    @lebaillidessavoies3889 Před 4 lety +7

    this is the gdp of Botswana

  • @frankdavis6101
    @frankdavis6101 Před 4 měsíci

    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

  • @user-sk5cv7hj2m
    @user-sk5cv7hj2m Před 4 lety +2

    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!

  • @asdfghjkldfghjhgcgyuigfyui9792

    more money than I'll ever make in multiple lifetimes

  • @LesiureBoy
    @LesiureBoy Před 3 lety +3

    Jesus, what a beautiful car. Timeless and all class.

  • @francescosalvioli
    @francescosalvioli Před 3 lety +3

    I was gonna bid but my wife call me on the phone remembering we have to pay house loan first!!!

  • @after_midnight9592
    @after_midnight9592 Před 5 lety +1

    Kinetic art

  • @theforcer1762
    @theforcer1762 Před 5 lety +130

    Meanwhile in India. Kid works for $1 a day..

    • @sebypudilic8351
      @sebypudilic8351 Před 4 lety

      @@paulgilhuis1 =))))))))))))

    • @420cm
      @420cm Před 4 lety +14

      And your point is??

    • @prasunsingh7134
      @prasunsingh7134 Před 4 lety

      @@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
      @specialed4564 Před 4 lety +2

      @@prasunsingh7134 not just in India theres lots of countries like that

    • @prasunsingh7134
      @prasunsingh7134 Před 4 lety +1

      @@specialed4564i know bro but pointing out one country is not good.

  • @specialed4564
    @specialed4564 Před 4 lety +15

    I stopped bidding when they got to $35 million

  • @patricklilly2520
    @patricklilly2520 Před 17 dny

    Beautiful car, with Great provenance.
    So many children going hungry...

  • @ianbarber311
    @ianbarber311 Před 5 lety +11

    After I win Powerball I will be back for a 250LM or a P3/4.

  • @heavenstomurgatroyd7033
    @heavenstomurgatroyd7033 Před 5 lety +3

    Well considering that Leonardo Da vincis painting, The Christ sold for 450 million this looks like a bargain!

  • @WiR3DGaMiNG
    @WiR3DGaMiNG Před 5 lety +52

    I just crashed one of these … on gran Turismo sport haha!

    • @WiR3DGaMiNG
      @WiR3DGaMiNG Před 5 lety +4

      20 million on gt sport :O

    • @paveantelic7876
      @paveantelic7876 Před 5 lety

      for how long did u save up money?

    • @WiR3DGaMiNG
      @WiR3DGaMiNG Před 5 lety +1

      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
      @aydankhaliq2967 Před 3 lety

      @@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.

  • @Leviajohnson
    @Leviajohnson Před 4 lety +3

    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.

  • @unverified_Vids
    @unverified_Vids Před 3 lety +4

    All millionaires sitting in one place

  • @vcapar
    @vcapar Před 5 lety +3

    The Way my bank account works..I have my checking in my savings and it takes 3 business day.. 🤪😂

  • @kikarias79
    @kikarias79 Před 4 lety +2

    There’s this, and about 20% of the ENTIRE WORLD is STARVING...

  • @427bullis
    @427bullis Před 2 lety +1

    Auction is like a wake

  • @cryptodwayne5174
    @cryptodwayne5174 Před 2 lety +1

    Holy Grail Car

  • @drivewayhero
    @drivewayhero Před 3 lety +6

    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

  • @heokimisaac9636
    @heokimisaac9636 Před 3 lety +1

    Thats crazy

  • @pseudonym5136
    @pseudonym5136 Před 3 měsíci

    Somehow it`s insane,but I love it!

  • @rrennnerr
    @rrennnerr Před 3 lety +1

    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.

  • @scotttaylor8498
    @scotttaylor8498 Před rokem

    Awesome

  • @ivankowalski8923
    @ivankowalski8923 Před 4 lety +8

    hello this is my shoe - cost 5 $
    hello this is Cr7 shoe - cost 50 000 $

  • @8thstgarage922
    @8thstgarage922 Před 3 lety +5

    And i thought $1000 for my 96 Dodge Ram was too much 🤣

  • @sohummallapur351
    @sohummallapur351 Před 5 lety

    How much did the chrome p1 go for?

  • @marcogrossi6334
    @marcogrossi6334 Před 9 měsíci

    Sono macchine da museo tutti dovrebbero avere la possibilità di ammirare questa meravigliosa macchina.

  • @zelez4ever
    @zelez4ever Před 4 lety +2

    so it was sold for 44 mil not 48, wrong title

    • @angahcoleify
      @angahcoleify Před 4 lety

      Please dont be lazy to read .... U look stupid u know...

  • @imhappyandyou.4003
    @imhappyandyou.4003 Před 3 lety +13

    $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
      @hottiemcscottie5952 Před rokem +2

      Imagine spending 70m for car u won't drive at all

    • @imhappyandyou.4003
      @imhappyandyou.4003 Před rokem +1

      @@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
      @epicon6 Před rokem

      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
      @justinsu7241 Před rokem +3

      @@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.

  • @user-el5mg4it9t
    @user-el5mg4it9t Před 3 lety +2

    -He wants to win, I think I'm gonna drop 48 for this one.
    -48 grand?
    -48 million.

  • @TheDemoexpert
    @TheDemoexpert Před 4 lety +10

    "Easy certifiable" 1:12 Thank God! What a ripoff if it wasn't!

  • @saching2753
    @saching2753 Před 3 lety +4

    Literally sold for more than its weight in gold ahahaa

  • @samharrill7676
    @samharrill7676 Před 5 lety +29

    Just Bought By Saudi Prince $58,000.0000

  • @Scratchingforcash
    @Scratchingforcash Před rokem +1

    What’s it worth when the frame rots out?
    Craigslist add: Ferrari for sale!! originally paid $44 million dollars, asking $2500 frame needs welded.

  • @sorapong58
    @sorapong58 Před 5 lety

    Woooooww !!
    Legend of Lermand Winner

  • @i-never-look-at-replies-lol

    Damn. This is the one I was going to buy, but I forgot my wallet at home that day.

  • @ianfernandes96
    @ianfernandes96 Před 5 lety +4

    I'm the Ian that he was on the phone with.
    Nah just kidding, I'm just a humble mariner 😁

  • @fredyeezy4895
    @fredyeezy4895 Před 4 lety +3

    I have one. It’s still in the hot wheels package tho...

  • @mrgavkel1
    @mrgavkel1 Před 4 lety

    was that Stroll i seen down the back

  • @markarrivi3818
    @markarrivi3818 Před 4 lety

    I have one too in a basement drawer its a slot car. Whats the bid 48 million

  • @bukharijabarazman2700
    @bukharijabarazman2700 Před 2 lety +4

    Me sitting here, wondering how much 44 mil dollars actually is…

  • @TheFunkhouser
    @TheFunkhouser Před 5 lety +1

    crazy

  • @garyslama7163
    @garyslama7163 Před 2 lety

    Whew, the bidding really stalled out there at the end.

  • @michaelclyburn5858
    @michaelclyburn5858 Před 4 lety +1

    Hey! My hand's up over here...

  • @epithet052
    @epithet052 Před 4 lety

    Did the driver come with the purchase?

  • @massimoanghileri2721
    @massimoanghileri2721 Před 4 lety

    Che MERAVIGLIA.

  • @josetapia8878
    @josetapia8878 Před 4 lety +3

    Forgot one zero when the bid first started lol

  • @andyvankerkhove6902
    @andyvankerkhove6902 Před rokem

    6882...44 million dollars.... me checking the title again...

  • @mikestang679
    @mikestang679 Před 5 lety +15

    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
      @SocietyofSupercars  Před 5 lety +5

      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
      @fredschriks8554 Před 5 lety +2

      Saw a video about a Mercedes 300SL racecar. Rumour goes it costs over $100 million.

    • @DonLee1980
      @DonLee1980 Před 5 lety

      SL gull wings go for ~1-1.5 mill.

    • @fredschriks8554
      @fredschriks8554 Před 5 lety

      @@DonLee1980 Was about a very rare racecar, only 2 units build. It wasn't a normal 300SL.

    • @DonLee1980
      @DonLee1980 Před 5 lety +1

      Fred Schriks lol I see. Good thing I really couldn’t care less about it

  • @doubleu207
    @doubleu207 Před 5 lety +1

    Wtf.. Final Bid was 44million and wrote 48million in caption..

    • @FUNZO1975
      @FUNZO1975 Před 5 lety

      48 includes the "buyers premium" which goes to the auction house for their fee/cut.

  • @wl1896
    @wl1896 Před 4 lety

    Whats the mileage again?

  • @snowlover71
    @snowlover71 Před 5 lety

    Nuts!

  • @megapet777
    @megapet777 Před 3 lety +1

    didnt it sell for 44m tho?

  • @shashwat4883
    @shashwat4883 Před 5 lety

    How much does the seller get

  • @coledione2539
    @coledione2539 Před 4 lety

    History

  • @Johan92Johansson
    @Johan92Johansson Před 4 lety +1

    How hard could it be to get the tilte right? the car sold for $44M and not 48

    • @Mechanicalcircus1
      @Mechanicalcircus1 Před 4 lety

      Johan Johansson IKR People are stupid!

    • @angahcoleify
      @angahcoleify Před 4 lety

      Wow u guys so stupid and very lazy to read... Seriously u look stupid with this comment..😂😂😂

  • @BuckinMaster
    @BuckinMaster Před 5 lety +35

    So why it say 48 when final bid was 44

    • @SocietyofSupercars
      @SocietyofSupercars  Před 5 lety +38

      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
      @hankowens9295 Před 5 lety +10

      $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
      @devoro9412 Před 5 lety +1

      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
      @KUROSHURA Před 5 lety

      Clark Roberts exactly, why say it’s the most expensive when a silver one just sold for 70M$

    • @acmeopinionfactory8018
      @acmeopinionfactory8018 Před 5 lety +1

      @@KUROSHURA Most expensive at AUCTION.