1962 Ferrari 250 GTO $52 Million The Ferrari 250 GTO is a GT car produced by Ferrari from 1662 to 1964 for homologation into the FIA's group 3 grand touring car category. It was powered by Ferrari's Tipo 168/62 colombo V12 engine The "250" in it's name denotes the displacement in cubic centimeters of each of it's cylinders, "GTO" stands for Gran turismo Omologato , Italian for "Grand Touring Homologated" Just 36 of the 250 GTO were manufactured between 1962 to 1964. This includes 33 cars with 1962-63 bodywork (series 1) and three with 1964 (series 2) bodywork similar to Ferrari 250 LM . Four of the older 1962-1963 (series 1) cars were updated in 1964 with series 2 bodies Overview Manufacturer - Ferrari Production - 1962-1964 (36 Produced) ...