Microsoft Executive Casually Auctions Off His 1962 Ferrari For Forty-Eight MILLION Dollars, Making It The Most Expensive Car Ever Sold
Source – A rare 1962 Ferrari 250 GTO sold for $48.4 million at RM Sotheby’s annual collector car sale in Monterey, California. The sale set a world record for any car ever sold at auction. It beat out a Ferrari 250 GTO Berlinetta that sold for $38 million in 2014. Not close behind was a 1957 Ferrari that sold for $35 million in Paris, France, in 2016.
Considered “the Holy Grail in collectible cars,” the 1962 Ferrari 250 GTO was sold by former Microsoft executive Greg Whitten. The $48 million race car sold won the 1962 Italian GT championship and has over 15 class and overall wins from 1962 to 1965. Phil Hill, the first American to be a Formula 1 World Champion, was a driver for the car.
Classic Ferrari GTOs are known to be some of Ferrari’s most successful racing cars. They are rare because only 36 GTOs were ever made, and they are all still running.
Not a bad purchase if you don’t mind crank windows and powerless steering. Personally, I’d rather spend $14,000 on a GSX-R that goes twice as fast, but that’s just me. It always blows my mind how much disposable income these tech executives have. Greg Whitten was the 11th employee at Microsoft and is worth so much money his net worth can’t be found on the internet. His car collection alone is estimated to be worth in the hundreds of millions of dollars. Which is crazy because if you saw him walking down the street you’d never know who he was. You’d think he was just another frumpy seventy-year-old with high cholesterol and a goofy haircut. It reminds me of that old saying, “think about the richest guy on a sports team, well…someone’s signing his check.” This is that guy.
I guess the reason he sold it is because he liked to race it and it was having difficulty keeping up with the newer cars. Here’s the interview he gave to CNBC explaining his decision. He also has twelve other Ferrari’s, so I don’t think he’ll miss that one too much. If he does, he can always just buy it back. Although at that point it’ll be even more used so I doubt he’ll want it.
The most difficult part about reading this article is realizing that I”ll never be as rich as Greg Whitten. At least not until I hit the lottery. You won’t either. The guy has once in a life time fuck you money and all we can do is admire it. He could go out and embarrass every single rapper and sports figure who claim to be rich but he doesn’t. Instead he just sits in his palace full of Ferraris like Dark Wing Duck and chills. God bless him. I’d tell him to enjoy the $50 million but I don’t he’ll even recognize the difference in his bank account.