World’s Most Expensive Car: 1962 Ferrari 250 GTO Auction for $35M

Filed in Business, Money, World News by on June 7, 2012 0 Comments

The record price for 1962 Ferrari 250 GTO was 35 million sold to car collector Craig McCaw by Eric Heerema. This apple green Ferrari today claims to be the most expensive car in the world and this car was built by Ferrari for UK driver Sir Stirling Moss. Though Moss was not able to race it, Innes Ireland and his teammate raced the car in 1962 LeMans. Its career ended when it experienced a terrible crash in Sussex and never raced again.

1962 Ferrari 250 GTO, World’s Most Expensive Car

 1962 Ferrari 250 GTO, World’s Most Expensive Car 
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The car was put up to auction and was recognized by a numbers or private car collectors. It was bought by Heerema to a Japanese car collector named Yoshiho Matsuda for only $8.5 million 10 years ago and now it surprisingly become that expensive that it ventured for additional $26 million. Though it never won the race of cars, and after almost 50 years, it won the title for being one of the most expensive cars of its time.

It was very fascinating for vintage car enthusiast to invest in this collection. And the private sale of this vintage car which never raked any race competition broke all previous price records which proves that car vintage enthusiasts and people in car collection are willing to pay high price just to get this piece of carfted automobile machinery.



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