Ferrari 250 GTOEnlarge Photo
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.