Ferrari 250 GTO The Most Expensive Car Ever Sold
The Bugatti Veyron is the most expensive car when it comes to new off the lot but, at roughly US$2 million (Dh7.3m) new, it pales into insignificance when compared to the Ferrari 250 GTO. A sale of a 1962 example (chassis number 5111GT) was brokered just a few days ago and its new owner parted with a frankly staggering $52m (Dh191m) in exchange for its keys. This price makes the Ferrari 250 GTO the most expensive car ever sold.
The question that everyone is asking (apart from the identity of the actual buyer) is why on earth is the Ferrari 250 GTO fetching such sums? Admittedly, this sale was for a much higher amount than any that had gone before it, but how far can these prices go before the bubble bursts? According to some analysts and classic car experts, that time might never come.
No car can ever be worth that amount of money, surely? But Ferrari stands head and shoulders above all other manufacturers when it comes to status, and almost every one of its models – at least up until the late 1980s – could be seen as a sure-fire investment. From the 1990s, its road cars became too successful for their own good, and supply easily exceeds demand for most of them in the used car market.