1962 Ferrari 250 GTO Becomes World's Most Expensive Car

1962 Ferrari GTO

Ferrari GTO is one of the rarest classic sports cars and also one of the most expensive ones. Back in 2010, a Ferrari 250 GTO was bought by UK television and radio host Chris Evans for about $18 million.

This January another 250 GTO changed owners for $32 million, and now just in time for the summer another 1962 Ferrari GT0 has been sold for $35 million (roughly £23 million), making it the most expensive car in the world.

This 1962 250 GT0 has a chassis number 3505GT and was built specifically for the legendary race driver Stirling Moss. This car also features a very unique lime-green livery making it really stand out among other 250 GTOs.

It looks as rare classic cars are a good investment. This particular car in question was purchased for $3.5 million back in 1996 by a Japanese car collector Matsuda, the recent owner, a Dutch businessman, purchased it for $8.5 million about a decade ago from Matsuda. The 250 GTO’s newest owner is a car collector Craig McCaw who earned his fortune by selling a telecommunications company to AT&T for $11.5 billion back in 1993.

Even though this rare lime-green 250 GTO was built for the legendary Stirling Moss, he never ended up racing the car as he suffered a career-ending crash at the Goodwood circuit in Sussex on April 23, 1962. Instead, the car was raced by his fellow driver Innes Ireland at the 1962 Le Mans, where it retired.

source: Bloomberg

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