Record breaking Ferrari 250 GTO sells for $38 million

Stupid money, but what do you buy if you already have more than most of the human beings on the planet?  You spend $38 million on 1 car ($38,115,000 to be precise), in English pounds that’s £22,843,633 including premium.

This is the most ever paid for an automobile at auction, underscoring the unrivalled desirability for Ferrari in the collector car market and the continued dominance of the brand at auctions worldwide.

This Ferrari 250 GTO is now, effectively, the most valuable and coveted car in the world.

1962-Ferrari-250-GTO-Berlinetta-record-breaker

The Maranello Rosso Collection of Ten realised a combined total of $65,945,000 (£39,522,440) and the car that made the most as expected breaking records was the Ferrari 250 GTO.  Watch the auction Ferrari 250 GTO here.

This car was the 19th Ferrari GTO to be completed and was invoiced on September 11, 1962. It was most recently owned by Italian enthusiast Fabrizio Violati and was the centerpiece of his Collezione Maranello Rosso of precious Ferraris previously on view to the general public in the Republic of San Marino.

Violati acquired this 250 GTO in 1965 for 2,500,000 Lire, then around $4,000 USD or £1,400 Sterling, equating to around £22,000/$33,500 today. It was originally finished in metallic pale grey with lengthwise red, white and blue centerline stripes when acquired by its first owner, French privateer Jo Schlesser.

 

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