A new world record has been made by RM Sotheby's. The item in question: a 1962 Ferrari 250 GTO.

Last weekend was a big one for the British auction house RM Sotheby’s. Their Monterey auction, where classic cars were up for sale, was held during the 2018 Monterey Car Week (21 to 26 August) and proved to be one of their best and most successful auctions yet. The California sale brought in a total of US$158 million (£122,650,000).

Photo: RM Sotheby's 1962 Ferrari 250 GTO. Photo: RM Sotheby's

Interested in classic cars? Find the ten most-expensive classic cars ever sold at auction here.

The record breaking 1962 Ferrari 250 GTO was responsible for a third of the total auction revenue, selling at a whopping US$48 million (£37,260,000). Bidders flew in from 27 countries to visit the sale and the car, which has been described as the ‘holy grail’ of cars by fervent collectors.

Photo: RM Sotheby's 1962 Ferrari 250 GTO. Photo: RM Sotheby's

Despite the car's buzz and status the bidding was very short, lasting only a quick ten minutes on the Saturday evening of 25 August. The three determined bidders who were the last to fight for the Ferrari all placed their bids via telephone.

The 1962 Ferrari with chassis no. 3413 GT exceeded the previous world record (held by another 1962 Ferrari 250 GTO) by more than US$10 million (£7,770,000).

1963 Aston Martin DP215 Grand Touring Competition Prototype. Photo: RM Sotheby's 1963 Aston Martin DP215 Grand Touring Competition Prototype. Photo: RM Sotheby's

But this Ferrari 250 GTO wasn’t the only reason for the auction's success. Among the other cars up for sale was a one-off 1963 Aston Martin DP215 Grand Touring Competition Prototype. After an energetic bidding contest the hammer fell at US$21,455,000 (£16,660,000), making the Aston Martin DP215 one of the most expensive British cars ever sold at auction. The car was driven by Phil Hill and Lucien Bianch in the 1963 '24 Hours of Le Mans' race, held near the town of Le Mans, France. It was the first car to ever drive at a speed of 300 kph.

1962 Ferrari 250 GTO. Photo: RM Sotheby's 1962 Ferrari 250 GTO. Photo: RM Sotheby's

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