Rare 1962 Ferrari 250 GTO Sold for World-Record $48.4 Million

That’s a lot of dough!

Not sure how much money you have laying around but if it’s around 48 million, you could have broke an auction world record over the weekend. A rare 1962 Ferrari 250 GTO became the most expensive car ever sold at auction when it went for $48.4 million at an RM Sotheby’s event in Monterey, Calif. The red coupe is one of just 36 that were made, each slightly unique. Owned since 2000 by former Microsoft executive Greg Whitten, it was purchased by an anonymous bidder for a hammer price of $44 million, which translates to $48.4 million after auction fees.

The price broke the $38 million auction record set by a similar car in 2014. However, another GTO reportedly changed hands in a private sale for $70 million earlier this year.

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