Ata recent RM Sotheby's auction centered on modern art, the auction house wanted to make a splash by bringing the hammer down on a different kind of art: a classic 1962 Ferrari. More precisely, a 1962 Ferrari 250 GTO in cherry red. The bidders at the event showed up to win, eventually driving the final sale price up to a staggering $52 Itwas anticipated that the red 1962 Ferrari 250 GTO would sell for between $45 million and $60 million at auction. The winning price of $48.4 million is substantial, but it falls short of expectations given what was anticipated of the Ferrari. Even more amazingly, a 1963 Ferrari 250 GTO was also sold in 2018 for $80 million, albeit privately. B3aHQ.