The Ex-Jo Schlesser/Henri Oreiller, Paolo Colombo, Ernesto Prinoth, Fabrizio Violati
1962-63 FERRARI 250 GTO BERLINETTA
Chassis no. 3851GT
Engine no. 3851GT
Sold for US$ 38,115,000 (€28,501,458) inc. premium to a Telephone Bidder
Carmel, Quail Lodge & Golf Club
14 Aug 2014 17:00 PDT
Auction 21917
Bidders from around the world were in attendance in the audience and on the telephones. The auction pavilion was filled to total capacity with overflow on the lawns watching the happenings live on the numerous television screens. After the start of a bidding war that at times resembled a tennis match, complete with moments of silence interrupted by cheers, the audience erupted in applause when the fall of the gavel confirmed the final price.
Robert Brooks, Chairman of Bonhams, said, “It’s been a genuine privilege to represent this outstanding car and we are absolutely delighted with today’s results. We’ve always maintained that we would exceed the current world record and that the car would bring between $30-$40-million and today the GTO did just that.”
At a time when prices of vintage cars have been rising to new heights, Ferrari GTOs have been considered strong candidates for resetting the record for the most expensive automobile sold at auction. In that sense, the hammer price of $34.65 million (before the buyer’s premium) was a success, though it fell short of expectations by some that exceeded $50 million.
This sale, for the 250 GTO was the first public offering of a 250GTO in many years.
Another accident free 250 GTO sold for usd 60million less than 1 year ago in a private deal.
So why did the 3851GT sell for less?
Henri Oreiller crashed fatally in the 3851GT at Montlhéry Autodrome in France October 7, 1962.
The car was rebuild by Ferrari in 1962, it was badly damaged after hitting a trackside building.The big question, how well was it rebuild?
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