Classic Ferrari 250 GTO car is 'world's #2 most expensive' in $31.6m sale

paulfrasercollectibles

2015-06-26 12:44:43

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Classic Ferrari 250 GTO car is 'world's #2 most expensive' in $31.6m sale

This rare Ferrari auctioned in the UK, overtaking the $16.39m Testa Rossa prototype sold last year

Paul Fraser Collectibles,Tuesday 7 February2012

It's yet another World Record price for Ferrari. This classic 250 GTO car has become the most expensive car in the UK after bringing more than 20m (approximately $31.6m).

The 250 GTO is now the world's second most expensive classic car. It has overtaken the 1957 Ferrari 250 Testa Rossa prototype which sold for $16.39m in Pebble Beach in August, 2011, an increase of 92%.

This 20.2m 250 GTO is one of just 39 cars manufactured by Enzo Ferrari's firm between 1962-1964. It bears many hallmarks of the marque's 1960s classic designs.

Beneath the car's bonnet is a V12 engine with a top speed of 174mph.

According to UK newspaper The Sun, the car is understood to have been sold by collector John Hunt. Hunt bought the car for 15.7m in 2008.

Classic Ferrari 250 GTO car410.jpg

This 250 GTO is now the world's second most expensive classic car

If so, then Mr Hunt's Ferrari brought him a profit of 4.5m in just over four years.

Other notable 250 GTs sold on the markets include a Ferrari 250 GT SWB California Spyder formerly owned by Hollywood legend James Coburn.

It bought by BBC DJ Chris Evans for $10.9m in 2008.

The 1936 Bugatti Type 57sc Atlantic remains the world's most expensive car. It sold for an undisclosed sum between $30m-40m in 2010. Another is owned by fashion impresario Ralph Lauren.

Watch this space for more news from the classic car markets.

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