For Sale

$64 Million Question: 1962 Ferrari 250 GTO Most Expensive Car in the World?

If someone pays the asking price it will be.

Prices for the Ferrari 250 GTO continue to skyrocket with the 1963 model that was sold last year for $52 million set to be usurped by this 1962 model that is currently for sale in Germany priced at 47.6 million Euros – or a shade under $64 million at today’s rates. That’s including 19 percent VAT, which would net the government a tidy $10 million in taxes. One of the first of the 39 250 GTOs that left the Ferrari factory, this latest model sports the familiar combination of red body paint and blue interior.

However, given each hand-built model has its own idiosyncrasies, the sought-after model boasts a uniqueness that makes collectors willing to fork over vast sums of cash for the privilege of owing one. Surely, it’s only a matter of time before the $100 million barrier is breached.

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