Skip to footer

Is this the world's most expensive car?

A 1962 Ferrari 250 GTO could be the world's most expensive car. A seller in Germany placed an ad for the 1962 Ferrari 250 GTO at 47.6 million euros, or $62.7 million. 

|
Mobile
1962 Ferrari 250 GTO is shown. This Ferrari could be the world's most expensive car at 47.6 million euros, or $62.7 million.

Ferrari seems to have a monopoly on the world's most expensive cars. A 1963 Ferrari 250 GTO took that title last year with a $52 million sticker price. Yet it could be on the verge of being usurped... by another 250 GTO.

A seller in Germany recently placed an ad on the website Mobile for a 1962 250 GTO, with an asking price of 47.6 million euros, or about $62.7 million at current exchange rates. That includes Germany's 19 percent Value Added Tax, but if someone bites it would still make this GTO the most expensive car ever sold.

This particular example is one of the first of the 39 250 GTOs to have left Ferrari's factory. Each of the hand-built cars is a little bit different, perhaps creating a sense of uniqueness that could explain the recent frenzy of multimillion 250 GTO dollar sales.

Before the 1963 250 GTO was sold to its mystery buyer last year for $52 million, another GTO sold for $35 million. It took the title from yet another GTO, which sold for $28.7 million in 2008.

This trend doesn't look like it will run its course anytime soon. The 19th 250 GTO—built in September 1962—is set to cross the block at this year's The Quail, A Motorsports Gathering event on August 15.

The 250 GTO isn't the only vintage Ferrari model commanding sky-high prices. A 1954 375-Plus crossed the block at $18.3 million at the Bonhams auction held at the 2014 Goodwood Festival of Speed, and a 1965 275 GTB/C Speciale could sell for at least $34 million at the RM Auctions event in Monterey, California, this August.

You've read  of  free articles. Subscribe to continue.
Real news can be honest, hopeful, credible, constructive.
What is the Monitor difference? Tackling the tough headlines – with humanity. Listening to sources – with respect. Seeing the story that others are missing by reporting what so often gets overlooked: the values that connect us. That’s Monitor reporting – news that changes how you see the world.
editor@csmonitor.com
Subscribe
Mark Sappenfield
Editor

Dear Reader,

About a year ago, I happened upon this statement about the Monitor in the Harvard Business Review – under the charming heading of “do things that don’t interest you”:

“Many things that end up” being meaningful, writes social scientist Joseph Grenny, “have come from conference workshops, articles, or online videos that began as a chore and ended with an insight. My work in Kenya, for example, was heavily influenced by a Christian Science Monitor article I had forced myself to read 10 years earlier. Sometimes, we call things ‘boring’ simply because they lie outside the box we are currently in.”

If you were to come up with a punchline to a joke about the Monitor, that would probably be it. We’re seen as being global, fair, insightful, and perhaps a bit too earnest. We’re the bran muffin of journalism.

But you know what? We change lives. And I’m going to argue that we change lives precisely because we force open that too-small box that most human beings think they live in.

The Monitor is a peculiar little publication that’s hard for the world to figure out. We’re run by a church, but we’re not only for church members and we’re not about converting people. We’re known as being fair even as the world becomes as polarized as at any time since the newspaper’s founding in 1908.

We have a mission beyond circulation, we want to bridge divides. We’re about kicking down the door of thought everywhere and saying, “You are bigger and more capable than you realize. And we can prove it.”

If you’re looking for bran muffin journalism, you can subscribe to the Monitor for $15. You’ll get the Monitor Weekly magazine, the Monitor Daily email, and unlimited access to CSMonitor.com.

Subscribe to insightful journalism

QR Code to Is this the world's most expensive car?
Read this article in
https://www.csmonitor.com/Business/In-Gear/2014/0730/Is-this-the-world-s-most-expensive-car
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe