"Rare 1962 Ferrari GTO to be Auctioned by Sotheby's NYC for $60 Million"
Sotheby's in New York is set to auction a 1962 Ferrari 250 GTO, one of only 34 ever made, with an estimated price of $60 million. The car, raced by Ferrari's own team, Scuderia Ferrari, is highly coveted by collectors due to its history. Originally sold for $6,000 in 1964, it was purchased in 1985 for around $500,000 by Ohio man Jim Jaeger. The car, which comes with documentation and raced in prestigious events, is part of Sotheby's major fall sales series and is expected to attract interest from both car collectors and the wider market of collectible items.