The Online Auction Record Has Been Set With A $3.08 Million Ferrari 275 GTB

Vehicles have sold for millions at auctions for years. The first Chevy C8 recently went for $3 million to support the Detroit Children Fund. That was the latest in-person auction sale to set a record. The previous online-only record of $2.64 million was held by a 2003 Ferrari Enzo sold online by RM Sotheby’s. That has been broken now by the 1966 Ferrari 275 GTB Long Nose sold on Gooding & Company’s auction block.

The sale set an online-only auction record for the highest-priced collector car. Bidding topped out at $3.08 million during the Geared Online sale held on August 7.

That auction brought in a whopping $14,497,443 in total sales, with 5 cars selling for more than $1 million. The 275 GTB had a pre-auction estimated value range of $2.75 million to $2.25 million.

Ferraris were in high demand claiming the top-4 highest sales spots. Gooding also had a 2003 Ferrari Enzo at recent auction which sold for $2.354 million. It was part of a trio from a private collection that included a 1995 Ferrari F50 for $2.134 million and a 1992 Ferrari F40 at $1.628 million.

A quick background on the 275 GTB. The 1966 Ferrari 275 GTB on the block was one of the very last two-cam 275 GTBs built, just eight cars from the end of production.

The Ferrari 275 is a series of front-engined V12-powered grand touring automobiles with two-seater coupé and spider bodies produced by Ferrari between 1964 and 1968.