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The most valuable car increased its value by $10m in four years

The bid for the 1962 Ferrari 250 GTO featured on last month, reached the astronomical figure of $48,405,000 at the RM Sotheby’s sale at Monterey, California and thus became the most valuable car ever sold at public auction, beating the previous record for a 250 GTO – $38,115,000 – set in 2014.

The car sold on Sunday is the third of 36 250 GTOs built and is one of four early cars subsequently converted by the Scaglietti coachworks in 1964 with more aerodynamic bodywork designed by Pininfarina.

The Ferrari 250 GTO is acknowledged as being one of the most significant racing cars of all times.

For more information on the car, you can continue reading our feature article here

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