£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.

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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.

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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.

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