1963 Ferrari 250 GTO Breaks Record With $52 Million Sale


All records are made to be broken and this 1963 Ferrari 250 GTO has just smashed the record for being the most expensive car ever. Once held by another Ferrari 250 GTO once owned by Sir Stirling Moss, the new king was sold by Greenwich, Connecticut collector Paul Pappalardo to an unidentified buyer for $52 million, according to traders in-the-know. The sale continues the argument that the 250 GTO remains the most sought-after in the car collector world, stemmed from the fact that only 39 were made for specific purposes between 1962-1964, including a model for the 24 Hours of Le Mans and other GT races. This particular model was chassis number 5111 and won the 1963 Tour de France distance race. Pappalardo bought and restored the Ferrari in 1974 to its current pristine condition. Are these price jumps sustainable? Only time will tell.

via: WCF