A Ferrari 250 GTO has set a new world record by being the most expensive car ever sold at a price tag of $ 70 Million or Rs 469 Crore! 15. r/Ferrari. Ferrari 250 GTO The Most Expensive Car Ever Sold. 15. This rare 1962 Ferrari 250 GTO went for a staggering $48.4m at the weekend to become the most expensive car ever bought at auction. The Ferrari 250 GTO is the second most expensive car ever sold in the world after a 1936 Bugatti Type 57SC which went for 'between £20 and £26million' in 2010. Press question mark to learn the rest of the keyboard shortcuts. Why the Ferrari 250 GTO that sold For $38.1 million was so valuable. Ferrari 250 GTO: World's Most Expensive Car Now Legally Considered Work of Art Allegedly, Ferrari caught wind of kit-car builders so it quickly pulled some strings and … Their production number is relatively low, so they have to raise the price in order to keep the company running, otherwise, they will start to lose money and go bankrupt. American businessmen shells out $70 million on the most expensive car ever The world’s most expensive car is currently a rare 1962 Ferrari 250 GTO. r/Ferrari: Subreddit dedicated to everything that comes out of Maranello, whether it be Scuderia Ferrari or the factory road cars. It cost £6,000 when new, but has since seen a 533,233.33 per cent increase in its value. Mr Lee held on to the Ferrari until 2007 when he sold it to British property developer William Ainscough with Mr Hunt paying £15.7million for it the following year. One of only 36 produced, a 1962 Ferrari 250 GTO achieved an even rarer honor back in August 2018, breaking the world record for most expensive car ever sold at a public auction when it went for $48.4 million at an RM Sotheby’s annual collector car sale in Monterey, California. But for 48.4 million dollars, you should better buy ‘a part of Ferrari' rather than ‘a Ferrari'. Previously, the 1962-63 Ferrari GTO held the record of being the world’s most expensive car after it was sold for US$38million (A$51.74million) in 2014. Nirav Modi managed to escape with 11,000 crores but if he thought of buying this 52 million 1963 Ferrari 250 GTO, hed fall terribly short. Chris Evans acquired a Ferrari 250 GTO in 2010 – this vintage 250 GTO Ferrari – which cost him £12m. A sale of a 1962 example (chassis number 5111GT) was brokered just a few days ago and its new owner parted with a frankly staggering $52m (Dh191m) in exchange for its … Bloomberg says that GTO #5111GT sold for $52 Million in 2013, making it the current record holder for most expensive car ever sold. This 1957 Ferrari Testa Rossa sold at an auction in California for $16.4 million, making it one of the most expensive cars ever sold in the US. One of only 36 produced, a 1962 Ferrari 250 GTO achieved an even rarer honor back in August 2018, breaking the world record for most expensive car ever sold at a public auction when it went for $48.4 million at an RM Sotheby’s annual collector car sale in Monterey, California. As for this Ferrari 250 GTO, there's no doubt that it's a valuable piece of automotive engineering. While other Ferrari GTOs pop up occasionally, the last public sale of a GTO was in August 2014 when Bonhams sold #3851GT for $38 Million and change, it is uncommon for them to sell publicly. The Ferrari … The Bugatti Veyron is the most expensive car when it comes to new off the lot but, at roughly US$2 million (Dh7.3m) new, it pales into insignificance when compared to the Ferrari 250 GTO. SOLD! This '62 Ferrari 250 GTO Could Become The Most Expensive Car Ever Sold At Auction Posted by. The title of ‘World’s Most Expensive Car’ is currently held by a 1962 Ferrari 250 GTO that sold at auction for a whopping £30M ($38M) back in 2014. From photographs, I've always kind of wondered why so many people think the Lusso is such a beautiful car; I've always found the rear end to be a bit long and droopy, and the overall car to be a bit too long. User account menu. A 1963 Ferrari 250 GTO racer has been sold for a cool $52million (£32m), making it the most expensive … Ferrari 250 GTO The Most Expensive Car Ever Sold.