Most Expensive Car in the World: 1963 Ferrari 250 GTO

The Ferrari 250 GTO is probably the “Holy Grail” among  sports car and wealthy car collectors.

This racing car is very rare for only 39 units were built and 36 of them were made exclusively for Ferrari Racing. GTO for this car means  “Gran Torismo Ologato” in Italian when translated in English means Grand Touring Homologated.

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The Ferrari 250 GTO won 3 world championships  and was voted by the Motor Trend Classic, an American automobile magazine, as the “Greatest Ferrari of All Time“.

Ferrari 250 GTO: World’s Most Expensive Car

Most Expensive car in the Worlds

When new, the Ferrari 250 GTO was priced at $18,000 in America, but sale must be approved first by Enzo Ferrari himself and the Ferrari US dealer Luigi Chinetti. Now, almost 50 years after its first build, this car has become the most valuable Ferrari car.

In February 2012, a 1964 Ferrari 250 GTO was sold at 32 million dollars.

In that same year, a 1962 Ferrari 250 GTO  built for Sir Stirling Moss was sold at $35 Million. Moss was a Formula 1 driver and is an inductee in the International Motorsports Hall of Fame.

But the title of the “Most Expensive Car Sold” belongs to 1963 Ferrari 250 GTO racer which fetched a whopping price of 52 million dollars. This particular car has been fully restored and was driven to races such as the 2002 Le Manns Classic. The owner of the car before it was sold was car collector Paul Pappalardo. The new owner of the car is said to by a Spanish car collector.

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