Thursday, October 3, 2013

Vintage and Exotic Car Restoration Livermore - Ferrari GTO snatches title of world’s most expensive car at $52 million - FZ Restoration Livermore- (925)294-5666

1963 Ferrari 250 GTO Sells For USD 52 million

This 1963 Ferrari 250 GTO has become the most expensive car in the world. Its previous owner, Paul Pappalardo from Greenwich, Connecticut, sold his Ferrari 250 GTO from 1963 to an undisclosed buyer for the record sum of $52 million USD.  The previous record was held by Ferrari 250 GTO (1962) too. That car was driven by Sir Stirling Moss and it was sold for $35 million last year.  This comes to confirm that the Ferrari GTO is the most expensive cars ever made.  The 1963 Ferrari 250 GTO has the chassis number 5111. One of the reasons it's so expensive is that is won the 1963 Tour de France road race with driver Jean Guichet at the wheel.  Other Ferrari 250 GTO owners include Pink Floyd drummer Nick Mason, Peter Sachs from Goldman Sachs, rob Walton who's the chairman of Wal-Mart, Ralph Lauren, and Lawrence Stroll from tommy Hilfiger.  Reportedly, Nick Mason was offered as much as $50 Million for his Ferrari 250 GTO, he took a wise decision when he refused to sell it.  At this rate, we'll probably see a $100 million for this car in the future.

by Andrei Barbu

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