03 September 2014 15:45 | By Andrew Brady, Ed Soluk
Rare Ferrari sets new US$38.1 million auction record

Most expensive car ever sold at auction is a 1962 Ferrari 250 GTO



Auction record for $38 million Ferrari 250 GTO (© Bonhams)
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A rare Ferrari 250 GTO has sold for a record-breaking US$38.1 million at the Bonhams Pebble Beach auction in California.

Some predicted the 1962 Ferrari would make more than US$50 million but the hammer fell at US$34.65 million plus the standard buyer’s premium, a 10 percent of the auction price.

Click through our gallery to read more about the US$38.1 million Ferrari

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