Ferrari 250 GTO Sells For £15.7 Million At Auction

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Ferrari 250 GTO

Ferrari 250 GTO

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A British man, wishing to remain anonymous, has purchased what is now the most expensive car in the world - one of the few Ferrari 250 GTOs built to secure homologation for the FIA's GT category. Only 39 of the cars were ever built, and their rarity and desirability has long been high - just not £15.7 million ($28.7 million) high.

The example that garnered the record-setting bid is a 1963 example, from the middle of the car's 1962-1964 production run, reports The Sun. It had previously been valued at about £11 million - a significant sum, to be sure, but at least 30% short of the final price.

Another Ferrari was the former record holder and now now-second-most-expensive car in the world. The 1961 Ferrari California Spyder claimed a bid of £5.4 million in May, just over one-third the cost of the 250 GTO. Ferrari released an all-new California last Friday, expanding its lineup to four cars and adding even more draw to its already world-famous brand.

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