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Old 5th October 2013, 00:14   #1
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Default 1963 Ferrari 250 GTO reportedly sells for record $52 million

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A classic car was recently sold in a private transaction for a staggering $52 million.

Citing anonymous sources with knowledge of the sale, Bloomberg reports that the rare 1963 Ferrari 250 GTO was owned by noted Connecticut based car collector Paul Pappalardo, and likely sold to a Spanish collector.

If accurate, it was the highest known price ever paid for an automobile, smashing the record set by another Ferrari 250 GTO last year, which went for a reported $35 million.

That is ~300 crore INR.
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Old 5th October 2013, 12:49   #2
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Default Re: 1963 Ferrari 250 GT0 reportedly sells for record $52 million

Wow! I remember seeing a pic of this car in early 90's when Mike Tyson picked it up for $3 million.
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Old 16th August 2014, 09:58   #3
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Smile Re: 1963 Ferrari 250 GTO reportedly sells for record $52 million

A 1962 Ferrari GTO Berlinetta sells for a record 38 mn dollars in the Bonhams Monetary auction. It is said this is the most expensive sale ever at the Bonhams beating the earlier record held by Merc W196R. Only 39 of these Prancing horse models were built. The fact that it was a damaged car in one of the races and restored still had the highest bid speaks volumes of the fan following for the car.

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