RM Sotheby just sold a 1962 Ferrari 250 GTO for a World Record $48.4m at an auction in Monterey, California.

The 56-year-old car broke the existing car auction record of $38 million set in 2014 for a 63 Ferrari 250 GTO.





The new record holder ,one of only 36 Ferrari 250 GTOs ever built ,still has its original engine, gearbox, rear axle and factory Series II body.

It has been owned for the last 18 years by former Chief Software Architect for Microsoft, Dr. Greg Whitten.

The classic car was used as a test car by Ferrari and driven by 1961 Formula 1 world champion Phil Hill during the ’62 Targa Florio.

It entered ten races in 1962 Italian National GT Championship, winning 9 out of 10 races.



One of the GTOs was sold months earlier in a private deal to an American collector David MacNeil for $70 million (N25billion) ,the highest price ever paid for a classic car.

The World's super rich keep buying up Ferrari GTO's- the biggest trophies in the car-collecting world,because of their rarity, power, beauty and success on the race track.

Famous GTO Club of billionaires and multimillionaires owners includes Ralph Lauren, Lawrence Stroll and Walmart heir Rob Walton.

What do you think?

https://autojosh.com/someone-just-paid-₦17-5-billion-for-a-56-year-old-ferrari-250-gto/

In auction sales, properties are sold far much more than their actual worth.

matrix199:
In auction sales, properties are sold far much more than their actual worth.

Yes and the price keeps increasing

If it can be hardly found anywhere else, no matter how old it is, it will be expensive.

There is a difference between naira and dollar.


17.5 billion naira sounds more like cowries to a White man


Thanks to Buhari the ultimate Paedophilic Econometrician

That's a real Investments...

That car will be sold more than $80millions

I just want laFerrari.

Donald95:
There is a difference between naira and dollar.


17.5 billion naira sounds more like cowries to a White man


Thanks to Buhari the ultimate Paedophile

for ur mind .

Let me get the money first, Amen.

Madmess

Ah nice one won ti ya were

if the car has fault or accident, will it automatically repair itself?

matrix199:
In auction sales, properties are sold far much more than their actual worth.

Not always. Sometimes, they are sold far less than they're worth.

Odiegwu!

dotunbidemi:
if the car has fault or accident, will it automatically repair itself?

Lol

Toyota Camry is more comfortable than this metal.



check my signature on

9ja which way na??


when we go chop bellefull , come decide to spend money for no reason like this

chai

Ok. Am coming.Let me contact Dino Melaye if he'll also be interested

Donald95:
There is a difference between naira and dollar.


17.5 billion naira sounds more like cowries to a White man


Thanks to Buhari the ultimate Paedophile

Be fooling yourself.

$1000 isn't easy to get anywhere

some1 doesn't even have food to eat..
chai! Jisos is a Christian.
I just need the tyres...nothing more.
baba God bless my hustle

Trustme2:
Ok. Am coming.Let me contact Dino Melaye if he'll also be interested

He can't afford it

Are u talking about me. I just got my own ferrari

Pls nairaland , I hide my identity for Yahoo Boyz make Dem no come hack my account.

My name is G-money.

I no like dis kind car sef. No be say money no de u undastand,na jst.........(i no jst like ds kind car)

Pls who bought it? Bill gates?

Aldebaran:


He can't afford it

Never say never. If them tell you say Daura get $21b for him room you go believe am?

Vizzy4u:
I no like dis kind car sef. No be say money no de u undastand,na jst.........(i no jst like ds kind car)

They are not meant to be driven...

You buy and sell at a higher price

Trustme2:

Never say never. If them tell you say Daura get $21b for him room you go believe am?

True, those politicians need to be shot in the balls

ha papa God pls jst favour me with half a billion.... I swear I will spend it wisely

If the car were to be in nigeria I am sure nobody will buy it up to 50k but look at how much it was sold out there.
Maybe I should take my father's Peugeot to US and auction it. Who knows I may get up to $200k

oyibo dem too mumu....lotta psycho