Who bought the $38 million Ferrari?

David Lee Acquires Rare $38 Million White Ferrari 250 GTO

In a move that has sent ripples through the collector car world, renowned car enthusiast David Lee has quietly acquired one of the rarest Ferraris ever built—the legendary 250 GTO—for a reported $38 million. The sale, confirmed on February 21, 2026, marks one of the most significant private transactions in recent automotive history.

The car in question is not just any 250 GTO—it’s one of the few finished in an iconic white livery, a detail that adds to its mystique and desirability. Only 36 examples of the 250 GTO were ever made between 1962 and 1964, and each has become a holy grail for collectors, routinely fetching prices that defy the market.

David Lee, known for his low-profile but highly refined collection of vintage European sports cars, has long had a soft spot for Ferrari’s golden era. His acquisition of this particular GTO isn’t just a financial milestone—it’s a statement. Unlike some high-profile buyers who parade their purchases at concours events, Lee is expected to keep the car largely out of the spotlight, consistent with his reputation for quiet appreciation over spectacle.

While Ferrari has never officially confirmed the transaction, insiders close to the sale say the price tag, including fees and adjustments, exceeded $38 million—placing it among the top-tier sales for any car in history. That number, however, may still be conservative given the 250 GTO’s track record: in 2018, one sold privately for an estimated $70 million, though never publicly confirmed.

What sets this car apart isn’t just rarity or performance—it’s legacy. The 250 GTO dominated endurance racing in its day and became a symbol of automotive elegance and engineering perfection. For David Lee, the purchase isn’t just about ownership. It’s about stewardship of a masterpiece.