David Lee, CEO of the Hing Wa Lee luxury watch and jewelry group and noted Ferrari collector, brokered the deal for a 1962 ...

A rare 1962 Ferrari 250 GTO was sold at the Mecum Auctions event in Kissimmee, Fla., event on Saturday night for $38,500,000 to set a record for the auction house, but the price paid fell far short of ...

One of only 272 examples produced, the 288 GTO was in exceptional condition and had just over 1,500km on the odometer ...

The collector car market pricked up its ears last month when Mecum announced it would be selling a one-of-one, right-hand-drive Ferrari 250 GTO at its Kissimmee auction. Well, after ten minutes of ...

The world’s most closely watched classic Ferrari has changed hands again, and this time the number is raising eyebrows for its restraint. At Mecum’s flagship Kissimmee sale in Florida, the only ...

Meet the man who bought the unique 1962 Ferrari 250 GTO Bianco Speciale, the world's only 250 GTO finished in white from the factory ...

More than 60 years after the 36th and final Ferrari 250 GTO was built, the front-engined homologation specials are still the most desirable cars to ever wear the Prancing Horse. That makes GTOs the ...

A 1962 Ferrari 250 GTO sold for $48.4 million at RM Sotheby's annual Monterey collector car sale -- a world record for any car ever sold at auction. Up until now, a 1962-63 Ferrari GTO, which sold for ...

Ferrari only manufactured 39 of the cars. — -- A 1962 Ferrari 250 GTO Berlinetta sold at auction Thursday for $38 million, including a buyer’s premium -- the highest auction price ever realized ...

The Ferrari 250 GTO continues to make headlines at auctions, and there's a lot to learn from its backstory.