Madison
15° F
Overcast
Overcast
Advertisement

Ferrari GTO is most expensive car ever sold

Published On: Dec 24 2013 08:51:36 AM CST   Updated On: Oct 04 2013 09:13:08 AM CDT
1963 Ferrari 250 GTO

Screengrab/Bloomberg

A 1963 Ferrari 250 GTO racer has become the most expensive car ever sold.

The red competition car, formerly owned by Connecticut collector Paul Pappalardo, was recently acquired by an unidentified buyer for $52 million, according to Bloomberg.

The previous record was held by a 1962 GTO, built for legendary British racer Sir Stirling Moss, which sold last year for $35 million.

The 1963 race car was acquired by Pappalardo in 1974, restored and driven in many historic races, including the 2002 Le Mans Classic, before being sold, Bloomberg reported.

It won the 1963 Tour de France road race with the French driver Jean Guichet at the wheel.

So what makes the 250 GTO so great?

First, there are just 39 in existence. Add in its heritage of racing in competitions like the Le Mans, and the 250 GTO has become somewhat of a status symbol, according to Yahoo! News.

Advertisement
  • Mil debate media gallery main

    Win McNamee/Getty Images

    Clinton, Sanders face off in Milwaukee debate

    Democratic presidential candidates Sen. Bernie Sanders and Hillary Clinton participate in the PBS NewsHour Democratic presidential candidate debate at the University of Wisconsin-Milwaukee in Milwaukee. The debate is the final debate before the Nevada caucuses scheduled for Feb. 20.

  • Wildlife refuge

    CNN

    Oregon armed protesters: What to know

    A 41-day occupation at a federal wildlife refuge in Oregon ended Thursday when the four remaining protesters surrendered to authorities. Here is what to you need to know about the group.

  • Titanic II

    Blue Star Line

    Titanic II: A look inside

    The new Titanic II will be practically identical to the original luxury liner, which famously sank in April 1912 after striking an iceberg on its maiden voyage. Here's a look inside the ocean liner, which is slated to sail in 2018.

  • Audrey

    Audrey

    Look Who's 3

    Check out who's turning 3, and send in your photo.

  • Valentine's Day card

    Valentine's Day

    Gift ideas, getting in the mood, popping the question, recipes and ideas for kids, all in our special section dedicated to Valentine's Day.

  • heart--stethoscope--doctor--medical---21654271

    Healthy Heart

    Tips to stay heart healthy, reducing your risk of heart disease, advice and the latest research on heart health.

Advertisement