David Lee's $38M 1962 Ferrari 250 GTO Scaglietti Berlinetta "Bianco Speciale"

A very rare white 1962 Ferrari 250 GTO (Series I) Scaglietti Berlinetta from the collection of David Lee, Chairman and CEO of Hing Wa Lee Jewelers and well-known Ferrari collector, arriving at and leaving the 2026 San Marino Motor Classic at Lacy Park, where it won the People’s Choice award. This car, chassis no. 3729GT, is one of 36 250 GTOs built between 1962 and 1964, nine of which were configured in right-hand drive. Now dubbed the “Bianco Speciale”, the Ferrari Classiche Red Book certified car was acquired by Lee for $38,500,000 ($35,000,000 plus fees) at the Mecum Kissimmee auction in January 2026. It was recently displayed at the 2026 Pebble Beach Concours d’Elegance during Monterey Car Week, where it received the Tony Hulman Trophy for the most significant race car.

What would you do with 40 million dollars? You can cash out enough dollar bills to wrap halfway around the world. You can buy over 1,500 new Corollas and create the worst traffic jam in history. You can be that guy that just plunked down $40 million at RM Sotheby's in Monterey to have the first production example of the controversial Ferrari Luce. Or, if you're David Lee, you can get this legendary 250 GTO and still have an extra million and a half to enjoy.

Having been blessed to see this car up close in person, I admit I'm a bit disappointed that it didn't win a class award at Pebble Beach. But that only goes to show the caliber of cars that has the honor of gracing the Pebble lawn each summer. Pebble Beach is pretty much the World Cup of the collector car world - a competition bringing together the world's absolute best, so much so that even one of the world's most legendary cars from one of the most desirable brands, powered by one of the most coveted V12 engines, driven by some of the world's most famous racing drivers, carrying an eight-figure price tag, and extensively prepared specially for this event, didn't make it to the top three in its class. Still, any car given the honor of being part of the event is a big deal, and I'm glad this GTO was honored with a trophy signifying its importance in racing history.

Do you think this rare 250 GTO should have won a class award at Pebble Beach? Leave a comment on YouTube and let me know!