Ferrari shatters record, becomes most expensive car ever auctioned at $34.65 million
Oh, you just have $34.64 million to spend on a 1962 Ferrari 250 GTO? Sorry, it actually went for $34.65 million, becoming the most expensive car ever auctioned.
The 52-year-old Ferrari sold by Bonhams on Thursday beat the previous record of $31.6 million. Ferrari only made 36 GTOs, making them a hot commodity. Ferrari historian Marcel Massini told CNBC that the car "is one of the big prizes in the entire collecting world."
This GTO was the 19th one made, in 1962, and was originally owned by French race car driver Jo Schlesser. That same year, it came in second in auto racing's Tour de France. Sadly, it also crashed during a race near Paris, killing the driver, Henri Oreiller. After it was repaired, Italian car enthusiast Fabrizio Violati purchased the GTO, and it became part of his Ferrari museum, known as the Maranello Rosso Collection. Violati died in 2010, and his family sold his collection to investors for more than $100 million.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Catherine Garcia has worked as a senior writer at The Week since 2014. Her writing and reporting have appeared in Entertainment Weekly, The New York Times, Wirecutter, NBC News and "The Book of Jezebel," among others. She's a graduate of the University of Redlands and the Columbia University Graduate School of Journalism.
-
5 evergreen cartoons about Trump annexing Greenland
Cartoons Artists take on changing priorities, taking a putt, and more
By The Week US Published
-
The New Jersey 'UFO' drone scare
In the Spotlight Reports of mysterious low-flying aircraft provoked outlandish theories, but old-fashioned hysteria appears to have been to blame
By The Week UK Published
-
Elon Musk's support for AfD makes waves in Germany
Talking Point The tech billionaire has faced a vocal backlash after backing far-right movement shunned by mainstream parties
By The Week UK Published
-
Nobody seems surprised Wagner's Prigozhin died under suspicious circumstances
Speed Read
By Peter Weber Published
-
Western mountain climbers allegedly left Pakistani porter to die on K2
Speed Read
By Justin Klawans Published
-
'Circular saw blades' divide controversial Rio Grande buoys installed by Texas governor
Speed Read
By Peter Weber Published
-
Los Angeles city workers stage 1-day walkout over labor conditions
Speed Read
By Justin Klawans Published
-
Mega Millions jackpot climbs to an estimated $1.55 billion
Speed Read
By Catherine Garcia Published
-
Bangladesh dealing with worst dengue fever outbreak on record
Speed Read
By Catherine Garcia Published
-
Glacial outburst flooding in Juneau destroys homes
Speed Read
By Catherine Garcia Published
-
Scotland seeking 'monster hunters' to search for fabled Loch Ness creature
Speed Read
By Justin Klawans Published