‘62 GTO 3765 to be auctioned at Sotheby’s NYC November 13.

Hard to explain, but I felt a little let down with bidding.
Maybe to much promotion?


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3413 was 48+ all in
This is 51.7 all in (47 + 10% to house).
New world record.

 

Wasn't the 60 million supposed to be the starting bid? They threw that number around so vaguely, i thought it was the starting bid!

 

I was way too high at 70-79MM.

 

Perhaps the market is a little weaker than expected? Didn't the 412P also come in under the estimated values by the auction house?

Or similar to how the 412P needed work, this GTO also has some... different details on it such as Marcel pointing out previously that this was built on a 400 SA frame & is merely a GTO in its body work? Just spit ballin'.

 

3413GT sold for much more, if you account for inflation.

 

I see. Thank you.

 

Spoiler alert…..






47m hp

 

Now that it's sold, i feel kind of unfulfilled? Maybe i should've just gone to bed, i have an exam tomorrow. It's 2 am where i live, could have checked this thread first thing in the morning.

 

Whats the record for a GTO non auction? Isn't it quite a bit higher? Or is that just a rumor? Beautiful car.

 

It may have felt the same way even if had gone for twice as much. For anyone used to watching auctions, a 10 or 15 minute total event time does feel odd/different.

 

Some bigger numbers have been mentioned but nothing is on the record.

 

With inflation, this is probably less than the Whitten GTO no?

 

1/3 of an Uhlenhaut Coupe, then?

Ferrari stock might dip tomorrow.....

 

Read the thread.

 

30+ years ago when we all relied on the printed media for news Sothebys or Christies shopped a 315S (0764S) before a Monaco auction in 1990. It was sent to Hong Kong, New York and a few other cities where car and normal journo's wrote puff pieces on it. When it failed to sell they blamed too much publicity. So its possible!

 

People I know with the wherewithal to purchase a car of this scale/magnitude by-and-large prefer to do so privately. The glare of a public spectacle isn’t always the preferred method at this level.

 

Absolutely!!


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Agree. That said, Oliver the auctioneer did mention someone by first name in the house tonight when he said, “How about you, ‘X’?” Pretty sure he was talking to a current GTO owner. Will DM you the name to see if you concur.

 

So this was overhyped and misjudged by Sothebys yes? Bidding was clearly stated as starting at $60m and it seems to me they were targeting/hoping for something much higher.

Is the low result because this was a story GTO (albeit an interesting one) or is it just the continued slide over the last 10 years of the 50s and 60s Ferrari. Boys who had those cars on their bedroom walls are in their 70s and 80s now.

Or maybe both.

 

I'll be the first to predict that the next time 3765 LM changes hands it will be for less than $51.7 M.

 

Regarding inflation on the GTO auctions:

Aug 2014 / #3851 / 38,115,000 USD then / 49,322,174 USD now*
Aug 2018 / #3413 / 48,405,000 USD then / 59,086,900 USD now*
Nov 2023 / #3765 / 51,705,000 USD

*technically Sep 2023

 

Yeah I wouldn't be surprised if they guaranteed it at that amount....