1963 Ferrari GTO 250 Sells for Record-Breaking $52 Million

1963 Ferrari 250 GTO 1 photo
A 1963 Ferrari GTO race car has become the world’s most expensive car in the world, selling for an astounding $52 million. The record-breaking sale took place last month, when an anonymous buyer purchased it from US collector Paul Pappalardo in a private transaction, Bloomberg reports.
The red Ferrari smashed the previous $29.6 million record that was established less than three months ago, when a 1954 Mercedes-Benz W196 Formula One car driven by Juan Manuel Fangio was sold at the 2013 Goodwood Festival of Speed, during a Bonhams auction event.

The $52-million GTO is chassis number 5111 and it’s known for winning Tour de France in 1963. The Maranello-built vehicle was raced in a total of 10 events from 1963 through 1965 and entered into several classic races in the 1990s. Paul Pappalardo was the car’s fifth owner and purchased the racer back in 1974.

Story via Bloomberg
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About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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