Red Ferrari Coupe Sells for Auction Record $38.1 Million

Aug 17, 2014 543

by Meghan Morris

A Ferrari 250 GTO Berlinetta sold for $38.1 million in California, setting a record for a car sold at auction globally.

The 1962 red two-seat coupe was estimated to sell for $30 million to $40 million at yesterday's Bonhams auction in Carmel. Before the sale, Robert Brooks, Bonhams chairman, had expected the price to surpass the record for a car sold at any auction -- $29.7 million for a 1954 Mercedes-Benz W196R Formula 1 racing car sold by Bonhams in 2013.

Read more

Source: http://www.businessweek.com/

You may be interested