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Ferrari 250 GTO Sells for $52 Million at Auction
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Ferrari 250 GTO Sells for $52 Million at Auction

Oct 4 2013, 1:00pm CDT | by

Could be the most expensive car ever purchased

It appears that a new record for the highest price for a vehicle sold at auction has been set. A 1963 Ferrari 250 GTO chassis number 5111GT has been sold at auction for the staggering price of $52...

Filed under: news

 
 
 

1 year ago

Ferrari 250 GTO Sells for $52 Million at Auction

Oct 4 2013, 1:00pm CDT | by

Could be the most expensive car ever purchased

It appears that a new record for the highest price for a vehicle sold at auction has been set. A 1963 Ferrari 250 GTO chassis number 5111GT has been sold at auction for the staggering price of $52 million. The vehicle on the Tour de France in 1963.

Rumors suggest the $52 million price tag and neither the buyer nor seller will confirm that price. If it's correct, it would be the most expensive car ever purchased. Another Ferrari, a 275 GTB / 4 NART Spyder was sold for $25 million not long ago.

The selling owner has apparently owned the record-setting Ferrari since 1974. It's to imagine paying $52 million for a single car.

 
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10

6 weeks ago

Podcast: Autoblog Podcast #404

Nov 4 2014 4:44pm CST | Source: Autoblog

Filed under: Podcasts, SEMA Show, Etc., BMW, Ford, Mercedes-Benz, Earnings/Financials, Ferrari, Celebrities Episode #404 of the Autoblog Podcast is here, and this week, Dan Roth, Chris Paukert and Brandon Turkus talk about the BMW i8 and i3, this week's SEMA show, the looming Ferrari spin-off and the passing of Tom Magliozzi, longtime co-host of NPR's Car Talk. We start with what's in the garage and finish up with some of your questions, and for those of you who hung with us li ...
Source: Autoblog   Full article at: Autoblog
 

 
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6 weeks ago

This is Ken Block’s Ford Mustang Fastback from Gymkhana 7

Nov 4 2014 3:30pm CST | Source: Driving Canada

We can’t help but get a little excited whenever Ken Block announces anything related to his Gymkhana videos — especially if it’s one involving a car as unhinged and insane as this. It’s called the Hoonicorn RTR, and it’s on display at this week’s SEMA show in Las Vegas, Nevada. Starting out as a 1965 Ford Mustang Fastback, the Hoonicorn obviously boasts the modifications we know and love from anything meant to shred tires with Ken Block. Ken Block’s 196 ...
Source: Driving Canada   Full article at: Driving Canada
 

 
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6 weeks ago

This B.C. man brings million-dollar classic cars back to life

Nov 4 2014 3:02pm CST | Source: Driving Canada

Hidden away in a rural part of Vancouver Island, one of the world’s best automotive restorers brings million-dollar beauties back to life. VICTORIA, B.C. — “…and cheap too, at $1.3-million.” The relative insanity of this half-overheard statement doesn’t actually penetrate my brain. I am stunned, floored, gob-smacked by what I am seeing. Two, no, three Ferrari Daytonas. A pair of D-Type Jaguars, one wearing Ecurie Ecosse racing livery. Severa ...
Source: Driving Canada   Full article at: Driving Canada
 

 
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6 weeks ago

Why “C’était Un Rendezvous” Just May Be the Best Car Flick Movie Ever Made

Nov 4 2014 12:48pm CST | Source: Car and Driver

There are many fantastic action movies that feature amazing examples of automotive derring do—usually involving car chases. From Cannonball Run to the Bourne Identity to Bullitt or any of the Bond movies, Hollywood has put many stars in cars and made many cars into stars themselves. But in our opinion, the best driving film of all time wasn’t shot anywhere near Hollywood, involves no actual chase (unless “chasing tail” counts), and isn’t even nine ...
Source: Car and Driver   Full article at: Car and Driver
 

 
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6 weeks ago

Drifting A Ferrari F40 Is Hard

Nov 4 2014 12:00pm CST | Source: Jalopnik

Well, maybe I should make that drifting and offroading, perhaps ...
Source: Jalopnik   Full article at: Jalopnik
 

 
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6 weeks ago

Marchionne gains $13 million with stock sale after Ferrari deal

Nov 4 2014 11:42am CST | Source: Automotive News

Fiat Chrysler Automobiles CEO Sergio Marchionne made about 10.7 million euros ($13.4 million) from a surge in the automaker's share price after he announced a plan to spin off Fer ...
Source: Automotive News   Full article at: Automotive News
 

 
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6 weeks ago

Report: Why newly independent Ferrari may be forced into fuel-efficient cars

Nov 4 2014 10:01am CST | Source: Autoblog

Filed under: Performance, Government/Legal, Ferrari The repercussions from Ferrari's pending transition into an independent automaker won't be understood for some time, but one of the biggest consequences could be that the iconic Italian marque will be forced into building more fuel-efficient vehicles. As Wired points out, while Ferrari built fewer than 7,000 cars in 2013, its status as a public company could trigger pressure from shareholders to build more six-figure supercars and ...
Source: Autoblog   Full article at: Autoblog
 

 
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6 weeks ago

Motorsports: Romania's Forza Rossa to join 2016 F1 grid

Nov 4 2014 8:30am CST | Source: Autoblog

Filed under: Motorsports Bazac's Maranello ties have prompted speculation that Forza Rossa could be as closely affiliated with Ferrari as Hass. Formula One may be in a bit of a crisis at the moment, with two of its smaller teams collapsing into bankruptcy, but there may yet be light at the end of the proverbial tunnel as two new teams are gearing up to take their place. One of those teams is Forza Rossa, and while we haven't much an ...
Source: Autoblog   Full article at: Autoblog
 

 
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6 weeks ago

Florida Tuner Reveals LaFerrari-Inspired W70 Supercar

Nov 4 2014 4:00am CST | Source: Motor Authority

A company by the name of Exotic Rides and based in Orlando, Florida has come out with a series of renderings for a new supercar it plans to build. The company has already started taking orders for the car, which is called the W70, and promises to have it ready by 2015. Drive is said to come from a 7. ...
Source: Motor Authority   Full article at: Motor Authority
 

 
 

<a href="/latest_stories/all/all/3" rel="author">Shane McGlaun</a>
Shane is a self described car aficionado. He loves muscle cars, but also knows how green cars work. He has years of experience in testing cars and writes about cars with deeply felt emotions.

 

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