Most Expensive

A 1963 Ferrari 250 GTO is the second most expensive car at $32 million

Andrea Divirgilio / February 8, 2012

The 1963 Ferrari 250 GTO which we featured in out listing of most expensive Ferraris, now has gone on to become the 2nd most expensive car ever sold at an auction, by fetching a price of £20.2 million ($32.1 million). From 1962 till 1964, only 39 of these cars came out of the Ferrari factory, and have since then commanded record prices amongst vintage car collators, despite the recent years of economic downturn. This particular vehicle, has topped the ranks amongst most expensive auctioned cars in Britain, and will now head to Spain in the new owner’s collection.

1963 Ferrari 250 GTO

But like some high profile purchases, this transaction is also under plenty of secrecy as of now. Word has it, that Mr. Jon Hunt, the head honcho of Foxtons Estate Agency is the one who has sold of his Ferrari 250 GTO, but the silence of the man has left the seller’s name under scrutiny. But the multi-million dollar purchase of the car points out to another trend in luxurious investments; classic Ferraris are increasingly been pitted as fool-proof investments, which can guarantee a sizeable return on the initial price paid. The main factors attributed to this trend are the Ferrari brand name, the elaborate racing history, the vehicle’s technical prowess, and of course, the increasing rarity of a sample which still runs!

1963 Ferrari 250 GTO interior

For those newly introduced to this car, its features include the 3-liter V12 engine, which pushes the car up to 280 km/ph. This made this 250GTO one of the fastest cars of that generation. However, other celebrity owners of the same car include DJ Chris Evans and Pink Floyd drummer Nick Mason. Till then, we just await to know who the lucky Spanish buyer is.

1963 Ferrari 250 GTO

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