At the RM Sotheby’s automobile auction in Monterey,California, on Saturday, or August 25,an extremely rare 1962 Ferrari 250 GTO was picked up for a frosty $48.4 million, which is a original auction record.
The classic car was driven onto the auction block by five-time Le Mans winner Derek Bell. It was being sold by renowned car collector Greg Whitten, and who was the vehicles owner for approximately 18 years.
The opening tender was $35 million,noted Automobile magazine, and increased until the hammer fell at $44 million. The bidding frenzy lasted just 12 minutes, and according to Forbes. Once the buyer’s commission was added,the final price of the shiny red beauty was $48.4 million.
Since the tender was placed via an agent, the identity of the car’s original owner has yet to be revealed.
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Source: inquisitr.com