RM/Sotheby's auctions at Monterey Week lived up to its billing, with renown car collector Greg Whitten’s fabled 1962 Ferrari 260 GTO, chassis 3413, the star of Saturday night auction, fetching $44 million in just 12 minutes of vivacious bidding in a room absolutely buzzing with excitement. Up until now, a 1962-63 Ferrari GTO, which sold for $38 million at a 2014 Bonhams auction held that distinction. Just this past June, German race car driver Christian Glaesel sold his 1963 Ferrari 250 GTO, chassis 4153, for somewhere between $70 million and $80 million in a private sale to WeatherTech floor mats founder David MacNeil.
A 1962 Ferrari 250 GTO is sold for $48.4 million at an auction in California, making it the most expensive car ever sold through auction.