£32m Ferrari 250 GTO is the world's most expensive car

A Ferrari 250 GTO has reportedly sold for £32million, making it the most expensive car ever sold. Details here

A Ferrari 250 GTO has reportedly been sold privately, for 52million US dollars – around £32million, or the same combined price as 30 LaFerrari hypercars. If the reports are accurate, then this is the most expensive car ever sold.

The car in question was bought from US collector Paul Pappalardo, who has owned the GTO since 1974. The well-known example (chassis 5111) won the Tour de France event in 1963, and has since been driven in many classic events.

Subscribe to evo magazine

Subscribe today to have every issue of evo delivered straight to you. You'll SAVE 39% on the shop price, and get evo for its original cover price for a whole year!

Last year, an ex-Stirling Moss 250 GTO sold for 32million US dollars, but this latest sale has eclipsed the UK sale. As is always the case with transactions of this kind, the buyer has remained anonymous, and the seller is remaining tight-lipped on the details.

The original report by Bloomberg states that three specialist UK dealers, with involvement in the sale, have confirmed the price. This sale also bolsters the meteoric 55 per cent rise in the rare classic Ferrari values in the last year.

Advertisement
Advertisement - Article continues below

Just 37 Ferrari 250 GTOs were ever built, and each one was intended to be a pure V12-engined racing machine. Since countless competition successes in the 1960s, it has become one of the most legendary cars ever produced – reflected in the recent prices.

Find used Ferrari 250 GTO's for sale on the Classic and Performance Car site here.

Advertisement
Advertisement

Most Popular

Visit/used-cars/20402/cheap-fast-cars-2020-the-best-budget-performance-cars-on-the-market
used cars

Cheap fast cars 2020 – the best budget performance cars on the market

The cheap fast car is a wonderful thing, if you buy right and do your research. These are our favourites from £1000 to £10,000
4 Jun 2020
Visit/features/17660/the-best-four-cylinder-engines-ever-we-pick-our-favourites
Features

The best four-cylinder engines ever

We've gathered a selection of our very favourite four-pots ever produced
27 May 2020
Visit/bentley/mulsanne/202688/bentleys-675-litre-v8-engine-is-no-more-we-pay-homage-with-a-classic-road
Bentley Mulsanne

Bentley’s 6.75-litre V8 engine is no more: we pay homage with a classic road trip

After 61 years of service, the end has come for Bentley’s 6.75-litre V8. To mark the occasion, we take one on a road trip from London to Geneva
3 Jun 2020
Visit/chevrolet/202690/c8-chevrolet-corvette-uk-prices-and-specifications-revealedchevrolets-new-mid
Chevrolet

C8 Chevrolet Corvette UK prices and specifications revealed

Chevrolet’s new mid-engined C8 Corvette is an American supercar for less
3 Jun 2020