The First Art Newspaper on the Net   Established in 1996 United States Friday, July 20, 2018


The most valuable car ever offered at auction - 1962 Ferrari 250 GTO to headline RM Sotheby's Monterey sale
The Ferrari 250 GTO on the track with its current owner at the wheel (Patrick Ernzen © 2018 Courtesy of RM Sotheby’s)


BLENHEIM.- RM Sotheby’s announced that it has secured a 1962 Ferrari 250 GTO, perhaps the ultimate collector car, for what is set to be its most exciting Monterey auction offering to date.

Ferrari’s 250 GTO was effectively the final evolution of the marque’s famous 250 model, which debuted in 1953 and ended with the last GTOs in 1964. In total, a mere 36 examples of the 250 GTO were ever produced, all of which have survived. Widely considered the most beautiful Ferrari design, the model was one of the most successful road/racing cars that the marque ever built, claiming overall victory or 1st in class in nearly 300 races worldwide. Decades down the road, the Ferrari 250 GTO has become the car collector’s “holy grail”, thanks not only to its incredible pedigree, but to a group of French collectors who organized the first gathering of GTO owners in 1982. Occurring every five years since its inception, the meeting is a glorious driving and dining tour across the country of their choosing, and the only entry into this exclusive club is ownership; making the GTO the hottest ticket in the collector car world.

“We are thrilled at the rare opportunity to offer a legendary Ferrari 250 GTO at auction,” says Shelby Myers, Car Specialist, RM Sotheby’s. “Due to the evolution of technology and safety regulations that followed, the GTO was essentially the final true road racer, marking the end of an era when drivers really got their hands dirty. This was the last car that you could park in your garage, drive to the track, win the race, and then drive home.”

The Ferrari 250 GTO on offer, chassis no. 3413 GT, is the third of the 36 examples built, and began its life as a Series I car. Under Ferrari factory use, the GTO was a test car driven by Phil Hill for the 1962 Targa Florio road race. The car was then sold to its first owner, one of Ferrari’s most favored privateer customers, Edoardo Lualdi-Gabardi. The Italian gentleman racer entered the GTO in 10 races in 1962, winning all but one (in which he placed 2nd in class) and securing him the Italian National GT championship that year. Lualdi-Gabardi’s incredible track success with the early GTO, right out of the gate, contributed significantly in cementing what would become the GTO legend and legacy as known today.

Mr. Lualdi-Gabardi received a second GTO in 1963 and sold chassis no. 3413 to then race car driver Gianni Bulgari, who went on to lead the renowned Bulgari jewelry company from the 1960s to the 1980s. Under both Bulgari and subsequent owner Corrado Ferlaino’s ownership, the GTO handily won its class in the 1963 and 1964 Targa Florio. The car contested a total of 20 races in period, never involved in an accident, and not once failing to finish. A rare case and incredible feat for any race car, it retains its original engine, gearbox, and rear axle, as well as its factory Series II body, in which it was clothed by Carrozzeria Scaglietti in 1964.

Following its racing career, the GTO has passed through an unbroken chain of ownership that includes some of the most prominent Ferrari collectors in the hobby. In 2000, it was acquired by current owner Dr. Greg Whitten, Chairman of Numerix, avid collector car enthusiast and former chief software architect at Microsoft. Under Dr. Whitten’s ownership, the GTO has competed in vintage events around the world over the last two decades, as well as four of the lauded GTO anniversary tours. Wonderfully maintained in highly original condition, the GTO is estimated to achieve in excess of $45 million in Monterey, making it the most valuable motor car ever offered at auction.

Myers adds: “This marks just the third time that a GTO has been offered for public sale in the new millennium. I can think of no better place than our flagship Monterey event, an auction that has borne witness to the record-smashing sale of some of the most important cars in history, for the presentation of such an exceptional example of Ferrari’s most successful racer and the world’s most sought-after collector car, full stop. The fact that the GTO exists as it did in period, along with Dr. Whitten’s long-term, enthusiastic ownership, only adds to the car’s impeccable pedigree.”

Held during the world-famous Pebble Beach Concours d’Elegance motoring week, RM Sotheby’s Monterey sale (24-25 August), has been the pinnacle of collector car auctions for more than 30 years, leading the field and raising the bar with its consistent, record-setting results. This year’s Monterey sale is set at the newly reopened Monterey Conference Center following its $60-million-dollar renovation, offering collectors a stunning new experience and a beautiful space for the display and offering of 120 of the world’s most important motor cars in the ultimate collector car destination.





Today's News

June 22, 2018

Jeff Lincoln Art + Design opens exhibition of late works by Frederic Matys Thursz

Ferens Art Gallery acquires work created for Hull by Ron Mueck

The Museum of Fine Arts, Boston acquires 37 photographs of Mexico by Graciela Iturbide

Africa is the protagonist in a major project at MAXXI

Exhibition celebrates artist who never compromised on style

Louis Stern Fine Arts opens exhibition of recent paintings and drawings by Mark Leonard

UK's best new buildings: 2018 RIBA National Awards announced

The Phillips Collection re-opens historic house after year-long renovation project

Galerie Miranda opens exhibition of works by Marina Berio

The most valuable car ever offered at auction - 1962 Ferrari 250 GTO to headline RM Sotheby's Monterey sale

The Museum of Contemporary Art Chicago opens 'I Was Raised on the Internet'

Phillips announces a charity auction with works personally donated by leading contemporary artists

Loredana Nemes' first major personal show in an art museum opens at Berlinische Galerie

Wexner Center appoints Lindsay Cooper Martin as new Deputy Director

Gay dance company reinvents Mexico's 'folk ballet'

Ronald Reagan letter to his daughter among more than 100 rare and significant letters up for auction

New wave new beat at Sotheby's Contemporary Art Evening Auction

Lesley Foxcroft and Grazia Varisco create original works for Villa Pisani

Hake's offers coveted original Frank Frazetta cover art, rare comic books, Star Wars, posters

Polk Museum of Art receives Yousuf Karsh photograph of George Bernard Shaw

Private collection paces Heritage's Long Beach auctions to $18.1 million

Stéphanie Saadé exhibits at Parc Saint Léger, Contemporary art center in France

Albertz Benda opens exhibition of works by Los Angeles-based painter Kelly Reemtsen

David Breuer-Weil's monumental sculpture takes 'Flight' in Marble Arch

Most Popular Last Seven Days



1.- French nudists get cheeky with theme park and museum outings

2.- Galerie Miranda opens exhibition of works by Marina Berio

3.- European police seize 25,000 trafficked ancient finds

4.- Son's tribute to his late father £120,000 restoration of their Rover 95 offered at H&H Classics

5.- The National Gallery acquires Artemisia Gentileschi self-portrait

6.- Thieves steal ancient arrow poison from Rijksmuseum Boerhaave in the Netherlands

7.- Researchers discover the oldest giant dinosaur species that inhabited the Earth

8.- One of J.M.W.Turner's greatest watercolours left in private hands sells for £2 million

9.- Louvre sets up Beyonce and Jay-Z art tour

10.- A 'Japanese tip': the origami art left by diners



Museums, Exhibits, Artists, Milestones, Digital Art, Architecture, Photography,
Photographers, Special Photos, Special Reports, Featured Stories, Auctions, Art Fairs,
Anecdotes, Art Quiz, Education, Mythology, 3D Images, Last Week, .

 

Founder:
Ignacio Villarreal
Editor & Publisher:Jose Villarreal - Consultant: Ignacio Villarreal Jr.
Art Director: Juan José Sepúlveda Ramírez


Royalville Communications, Inc
produces:

ignaciovillarreal.org avemariasound.org juncodelavega.com facundocabral-elfinal.org
Founder's Site. The most varied versions
of this beautiful prayer.
Hommage
to a Mexican poet.
Hommage
       

The First Art Newspaper on the Net. The Best Versions Of Ave Maria Song Junco de la Vega Site Ignacio Villarreal Site
Tell a Friend
Dear User, please complete the form below in order to recommend the Artdaily newsletter to someone you know.
Please complete all fields marked *.
Sending Mail
Sending Successful