Wednesday 18th November 1987

A special edition 1963 Ferrari 250 GTO hardtop was sold for $1,600,000 at an automobile auction in Italy, setting a new public auction record. Enzo Ferrari first introduced the GTO in 1954, and public demand for the series was so great that Ferrari was motivated to build its first assembly line. The 250 series, the most popular of which were the Testa Rossa and the GT Spyder, made Ferrari a legend. The 1963 Ferrari 250 GTO was a limited edition variant on the 1962 GTO. The engine featured a 12-cylinder engine with a maximum power output of 290bhp at 7,400rpm. The 1963 GTO variant featured larger tires and the hardtop design, and was significant because of its release during the 250 GTO’s last major year of production.