Sotheby's sold this 1962 Ferrari 330 LM/250 GTO for $51.7 million. Photo: Sotheby's
Auctioneers sold a 1962 Ferrari 330 LM/250 GTO for $51.7 million on Monday, underscoring the model's preeminent status in car collectorship, Nathan writes.
Why it matters: The Sotheby's sale makes it the second most ever fetched for a car at public auction, according to classic-car company Hagerty.
"The Ferrari GTO continues to be the crown jewel in any world-class car collection," Hagerty VP of automotive intelligence Brian Rabold said in an email.
Zoom in: Originally developed for the 1962 race season, the GTO had a top speed of 174 mph when it debuted.
