Ferrari 250 GTO sells for record $48m at Pebble Beach auction

Targa Florio-winning grand tourer was owned by Italian jewellery designer Gianni Bulgari

Ferrari 250 GTO
(Image credit: ©2018 Courtesy of RM Sotheby's)

A Ferrari 250 GTO once owned by jewellery designer Gianni Bulgari has taken the record for the most expensive car ever sold at auction.

The buyer, who remains anonymous, paid $48.4m (£37.6m) for a 1962 example of the grand tourer at RM Sotheby’s Monterey auction at California’s Pebble Beach Concours d’Elegance on Saturday.

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