The numerical part of the name indicates the displacement in cubic centimeters of each engine cylinder, while GTO stands for "Gran Turismo Omologata", Italian for "Grand Touring Homologado.
Even in 1962, sales of the model in the United States were complex, buyers had to be personally approved by Enzo Ferrari together with the North American representative, Luigi Chinetti.
36 cars were made in the '62 / '63 years. In 1964, Series II was introduced, which had a slightly different appearance.
Three cars were made, and four older ones, Series I was given a "Series II" body. He brought a total of GTOs produced to 39.
In 2004, Sports Car International placed the 250th GTO eighth on the list of Top Sports Cars of the 1960s, and named it the Sports car of all time.
Likewise, the Motor Trend Classic magazine placed the 250 GTO at the top of the "Greatest Ferraris of All-Time" list.
For the model to be able to participate in the FIA GT races, it had to have at least 100 normal units produced.
But even though Ferrari failed to reach 100 units, the model participated in the race.
In 2012 the model 250 GTO Scaglietti Berlinetta 1962 was sold for US $ 35 million (outweighing the 1936 Bugatti Type 57SC Atlantic, sold in 2010 for € 25 million), becoming, until then, the most expensive car in the world .
In 2014, the 1962 250 GTO became the most expensive car sold at an auction.
The car was auctioned for $ 38 million at the Bonhams auction in England, held over the festive week of the Pebble Beach, California meeting.
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