Ferrari 250 GTO Achieves Over $38M at Auction

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A 1962 Ferrari GTO Berlinetta has become the most expensive car ever sold at auction after reaching $38,115,000 in Bonhams Quail Lodge Auction at Carmel, California, today. Despite reaching such a high figure, the car failed to meet expectations of it becoming the most expensive car ever sold. Another Ferrari GTO was privately sold for approximately $52m last year.

The rare vehicle is considered precious as just 39 in its type were developed and as street cars that could also race. Credit: Bonhams Auction House

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