August 31, 2016 | 78° | Check Traffic

Top News

’62 Ferrari sold at auction for $34 million

  • A 1962 Ferrari 250 Gran Turismo Berlinetta Competition "G.T.O.," was displayed in Bridgehampton, New York in March 1990. (AP Photo/Mario Suriani, File)

    A 1962 Ferrari 250 Gran Turismo Berlinetta Competition "G.T.O.," was displayed in Bridgehampton, New York in March 1990. (AP Photo/Mario Suriani, File)

CARMEL, Calif. » A rare 1962 Ferrari 250 GTO once owned by a famed racing driver and Olympic gold medalist has sold for $34.65 million.

Thursday’s sale at an auction in California during Monterey Car Week is believed to be a record public auction price for a classic car, topping the nearly $30 million paid for a Mercedes W196 last year in England.

The Los Angeles Times reports the $38 million total price — including 10 percent buyer fees — is half of what experts said it could fetch. One example reportedly sold for $52 million in a private transaction.

The car is one of just 39 Ferrari GTOs produced and was once owned by racer and retired Olympic gold medal skier Henri Oreiller, who died after crashing it into a building.

No comments
By participating in online discussions you acknowledge that you have agreed to the TERMS OF SERVICE. An insightful discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. Because only subscribers are allowed to comment, we have your personal information and are able to contact you. If your comments are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines, email commentfeedback@staradvertiser.com.