As expected, the Ferrari 250 GTO offered for sale at Monterey Thursday night by Bonhams set a new world record for a car sold at public auction, The first 250 GTO to come under the gavel in decades sold for $38.115 million.The GTO was developed to contest the 1962 3-liter...

An example of arguably the most famous and sought-after classic racecar ever – the 1962 Ferrari 250 GTO – will be previewed by Bonhams at the Monterey Pre-Reunion Aug. 9 and 10. The classic racecar, of which only 39 were constructed, will be shown in the Bonhams hospitality area at...