JOURNAL ARTICLE

Classic Ferrari about to go up for auction is expected to fetch $60 million or more.

  • Published In: Fortune.com, 2023. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Morris, Chris 3 of 3

Abstract

The article focuses on the upcoming auction of a rare 1962 Ferrari 250 GTO, which is expected to sell for around $60 million, significantly higher than its original sale price of $6,000 in 1964. This particular model is one of only two raced by Ferrari's team and has a notable racing history, including participation in the 1962 Le Mans and other prestigious events. The current owner, Jim Jaeger from Ohio, has kept the car for 38 years and has only displayed it at car shows, where it has won multiple awards. The rarity of the vehicle, combined with recent record auction prices, has heightened interest among collectors. [Extracted from the article]

Additional Information

  • Source:Fortune.com. 2023/08, pN.PAG
  • Document Type:Article
  • Subject Area:Biography
  • Publication Date:2023
  • Accession Number:170030625
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