Rare $38 Million 1962 Ferrari 250 GTO (w/ startup)

A very rare white 1962 Ferrari 250 GTO (Series I), the only example finished in white (Bianco), starting up and arriving at 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. It was originally owned by British racing driver and Jaguar dealership owner John Coombs, who requested that his car be finished in white and later made several racing modifications to it. The car had a successful racing career and was driven by Graham Hill, Mike Parkes, Roy Salvadori, Mike MacDowel, Mike Salmon, Richie Ginther, and Jack Sears (who won first place (GT Class) in the 1963 Brands Hatch Guards Trophy Race and later owned the car from 1970 to 1999). Now dubbed the “Bianco Speciale”, the Ferrari Classiche Red Book certified car was purchased in January 2026 by David Lee, Chairman and CEO of Hing Wa Lee Jewelers and well-known Ferrari collector, for $38,500,000 ($35,000,000 plus fees) at the Mecum Kissimmee auction. It has recently been returned to factory specification, a process which included repainting, adding a wire mesh front grille, and filling an extra set of side vents, after detailed historical research, and will be displayed and judged at the 2026 Pebble Beach Concours d’Elegance in August.

Some people make it a goal to become a millionaire. Others end up so rich that they make everyday millionaires look like peasants. You know you've made it to the latter category when you buy a car at auction and the buyer fees alone are worth more than a typical millionaire's mansion. David Lee established himself as a prominent Ferrari collector about a decade ago when he successfully acquired the "Big 5" (288 GTO, F40, F50, Enzo, and LaFerrari). But since then, numerous other collectors have done the same thing, and in the world of seemingly endless money, buying every new Ferrari model to get special allocations and ordering them in flashy bespoke configurations simply isn't enough to keep you on top anymore. That's where the classics come in, and few classics are as coveted as the legendary 250 GTO. With racing success and sensual styling, not to mention the Prancing Horse badge and a big V12, it has everything you'd expect from an eight-figure car. And with so few examples built, it's a car only attainable by those at the very top of the collector car world.

Getting to see and hear this car in person on a public street with only a few other people around was an absolutely mind-blowing experience. Its new coat of Bianco paint was so fresh that David didn't want to open the hood in fear that it needed some more time to cure. Some may think he's being overly cautious, but when you paid $38.5 million bucks for a rare car that you're preparing to have judged at Pebble Beach in a couple months, your priorities naturally align themselves accordingly. Thanks David for letting us have a rare up-close look at your prized possession.

Would you pay over $38 million for this rare Ferrari 250 GTO? Leave a comment on YouTube and let me know!