Ferrari's 250 GTO was produced between 1962 and 1964. The 250 designation represents each engine cylinder's displacement in cubic centimeters, while the GTO designation - 'Gran Turismo Omologato' - is Italian for Grand Touring Homologated. The cars were built to compete in the FIA's Group 3 Grand Touring racing category. The FIA rules at the time stipulated that one hundred cars must be manufactured during twelve consecutive months for homologation into the GT racing category. However, Ferrari only built thirty six 250 GTOs.
 
The cars were hand-built, comprising a tubular steel frame supporting an aluminum body. They featured independent front suspension with a live rear axle, and 4-wheel disc brakes. Power was provided by a naturally aspirated V12 engine displacing 3-liters and producing 300 horsepower, with induction handled by six Weber carburetors. That power was sent to the rear axle by a 5-speed transmission featuring Ferrari's iconic gated shifter. The 250 GTO was an outstanding performer and capable of a top speed close to 180 miles per hour.
 
The 250 GTO's competition debut came at Florida's 12 Hours of Sebring in 1962. Piloted by American Phil Hill and Belgian Olivier Gendebien, the 250 GTO finished the race 2nd overall and 1st in its respective GT class, a great start to a brief career. Overall victories came at England's Goodwood Tourist Trophy in 1962 and 1963, and the Tour De France in 1963 and 1964. GT-class victories were achieved at Italy's Targa Florio in 1962, 1963 and 1964; Germany's Nurburgring 1000 Kilometers in 1963 and 1964; and France's 24 Hours of Le Mans in 1962, 1963 and 1964.
 
Combining its undeniable beauty, racing pedigree and very low production numbers, the Ferrari 250 GTO is the world's most sought-after and valuable sports car. In 2014, it set a world-record price for a car sold at auction of 38.1 million dollars.
 
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