In February 2012, a 1964 Ferrari 250 GTO became the most expensive car ever sold, fetching a staggering $32 million. Then, just a few months later, a 1962 GTO, built for the legendary Sir Stirling Moss, eclipsed that record selling for $35 million. But in the world of Ferraris, GTOs, and incredibly affluent, unidentified buyers, a $35 million GTO is now a relative steal. That's because a 1963 Ferrari 250 GTO has just sold for $52 million according to Bloomberg, snatching the record as the latest "most expensive car ever sold."
With just 39 in existence, the 250 GTO still boasts incredible rarity. And its racing heritage, built to compete in the Le Mans 24-Hours, combined with its timeless good looks, makes the GTO hold unprecedented allure amongst investors. Adding to the mania, private sales tend to fetch more than public auctions.
But the 250 GTO has become somewhat of a status symbol, being deemed an item that defines a collection — and hence defines the owner. The latest record-breaking GTO, bearing chassis number 5111, won the 1963 Tour de France road race with Jean Guichet at the helm, and was owned by American collector Paul Pappalardo.