Englishman Pays £15.7 Million for Ferrari 250 GTO
Car becomes most expensive ever!
By Thami Masemola
September 22, 2008 11:49 AM
Filed Under: Classics, European, Ferrari
A rare and classic Ferrari 250 GTO has become the most expensive car in the world after an Englishman bought it for an obscene £15.7 million at an auction. That is more than 15 specced-up Bugatti Veyrons’ worth. Said Englishman has done the “discretion” thing by remaining anonymous, a trait synonymous with people who spend this kind of money at auctions.
This Ferrari 250 GTO was one of only 39 models ever built, and they were assembled between 1962 and 1964. The cars were built to race in the FIA’s GT classes which required a model to have a run of at least 100 to qualify. How they were allowed to race regardless of its limited-production status remains a mystery. After the auction, the car has now eclipsed the previous records set by cars like the Bugatti Type 41 Royale, sold for £5.5 million in 1987 at London's Royal Albert Hall, in front of an audience of 4,000 car fans, and the 1961 Ferrari California Spyder, which sold for £5.4 million this past May.
Related Articles
Comments
Add Comment
- 2012 VW Polo Sedan Spied - Headed for U.S.
- BMW Motorrad Reveals Concept 6 - As in six cylinders
- 2011 Volvo S60 First Photos Revealed
- After F1 exit, Toyota staying in NASCAR
- Onyx Concept Enhances Range Rover Sport
- Keating TKR Seeks 'Fastest Car in the World' Title
- Renault Kangoo Z.E. Concept EV Announced for Production in 2011
- Audi Announces Pikes Peak TTS Autonomous Vehicle [Video]






















