A Classic Ferrari Just Sold For $38 Million At Pebble Beach

Last Thursday night, a rare 1962/63 Ferrari 250 GTO Berlinetta (like the one above) was auctioned for a record-setting $38 million. The auction house was Bonhams.
Ferrari released the following statement: The 1962/63 Ferrari 250 GTO sold for $38,115,000 USD. This is the most ever paid for an automobile at auction, underscoring the unrivaled desirability for Ferrari in the collector car market and the continued dominance of the brand at auctions. This Ferrari 250 GTO is now, effectively, the most valuable and coveted car in the world.