1962 Ferrari 250 GTO Becomes Most Expensive Car Ever Sold at Auction

History was made at this year's Quail Lodge auction at Monterey, where visitors witnessed the sale of the most expensive automobile ever to cross the auction block. As expected, the honors went to a pristine 1962 Ferrari 250 GTO which sold for a monumental $38,115,000.

Some predicted that the historic 1962 Ferrari 250 GTO would fetch as much as $50 million.

The $38-million 1962 Ferrari 250 GTO is one of 39 sports racers Ferrari ever built, and it's the first time in decades that one has come up for auction. Normally, involved parties conduct the sale of such a rare and well-cared-for vehicle behind closed doors. In these dealings previous Ferrari 250 GTO examples have sold for as much as $52 million, but a GTO has not neared that mark at auction.

Last year's Quail Lodge auction saw a Ferrari 275 GTB/4 N.A.R.T Spider (sold for $27.5 million) rise to the top as the most expensive series-production vehicle ever sold at auction. At the July 2013 Goodwood Festival of Speed, a 1954 Mercedes-Benz W196 R F1 race car sold for $29.6 million to become flat-out the most expensive vehicle ever sold at auction. Due to the still-high demand for classic Ferraris in the collector community, combined with the vehicle's detailed history and 49 years of stewardship by a single owner, this year's 1962 Ferrari 250 GTO was able to decisively eclipse both of those records.

Still awaiting auction is another gorgeous Ferrari, a 1964 Ferrari 275 GTB/C Speciale. When the classic Italian racer goes up for sale on August 16, it is expected to sell for at least $10 million.

Creig Moser
Wrong on too many levels dude. Then there's the fact that this was around 8 or 9 years BEFORE the Z. Guessing you're not much of a car enthusiast!
Matthew Deng
I dont know why there was a news in 2013 about a 250GTO sold for $52m , was it a private sale?
Ferdinand Tegeler
906 Kilo Gold wären mir lieber.
Doni Ferdian
ferrari badge add up the price 100 times
Richard Hawkins
Yeah right.....
Court Potts
$38 million
Mario Andreé Villanueva Martínez
Y cada vez sube más! Romeo Martínez Castillo
Joe Lussier
$38 Million. I hate click bait.
Ross Mazin
Phoenix Fury
Nitesh Vasani
$38.1 Million Omg !!! This Car is now World's most expensive Car to be solld at Auction.....http://www.worldofautomobile.com/most-expensive-car-1962-ferrari-250-gto-sold-for-38-million/
Nirmal Keez
38million in auction ...ferraroaerodynamico #fckingferrari
Tantine la Roue
Trop lol
Robert Lewis
Alexis Monti
Keegan Lile
I'm a car person and everything, but 38 million for a car while people are starving to death and on the streets? Really?!?
Shailesh Parab
Beautiful car .
Dave Christen
Pure race car.
Peter Stelman
Beautiful car, but probably not a great daily driver.
Vick Jong Isha
Khai a
Kbd Series
It's funny because is the same Datsun 240 z
Auto Remote Direct
my mother would not be proud of the things i would do for that....
Jay Siegel
They said I couldn't drive it home until my check cleared. Still waiting...
Rohan Ricardo Reid
Shahab Rahmani
https://www.facebook.com/Ferrari (Y)

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