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Ferrari exceeds all expectations on day one of RM Scottsdale sale

A 1984 Ferrari 288 GTO with less than 11,000 genuine kilometres achieved more than £65,000 above its estimate. The selling price of £1.8 million is the highest achieved to date by a 288 GTO at auction.

The record price it achieved far exceeds that of other 288 GTOs we’ve seen at auction in the past year. One 1985 car went for £1,350,000 at Bonhams’ 30 November sale, and another was sold by Goodings at Scottsdale 2014 for £819,198.

Originally owned by well-known Japanese collector Yoshiho Matsuda, the Ferrari has led a cossetted life and so far covered only 11,000 kilometres. It remained in his collection until 2010.

The first 288 GTO sold in Japan, the car is kitted out with aircon, power windows, red seat inserts to match its paintwork and an optional Ansa sports exhaust. The Ferrari has covered less than 1,000 kilometres since 2010, when it had a major service and timing belts changed.

The 288 GTO was produced by Ferrari as a homologation car to enable it to contend the FIA Group B rally series. Unfortunately the series was cancelled before the model could compete in it. Although visually similar to the 308 and 328, the 288 had more aggressive styling, lighter bodywork and a race-bred 400bhp 2.8-litre V8 that could propel it past 60mph in 4.8 seconds, and past 100mph in just over 10 seconds.  

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By Claire Evans

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