Last year a 1963 Ferrari 250 GTO claimed the title of the world's most expensive car with a $52 million price tag. That title may now be passed on to another car -- a 1962 Ferrari 250 GTO.
A German seller recently placed an ad on website Mobile for the classic car, asking for 47.6 million euros, or about $62.7 million. While this includes Germany's 19 percent Value Added Tax, if the car is sold at this price it would still be the most expensive car ever sold.
This car in particular is one of only 39 250 GTOs to have ever been produced. The hefty price tag could be due to the fact that each vehicle is a little different, having been hand-built.
The 250 GTO has a history of being the most expensive car. In fact, before the 1963 250 GTO took the title last year for $52 million, another 250 GTO held the position, having been sold for $35 million. That car took the title from, you guessed it, another 250 GTO, which was sold for $28.7 million in 2008.
The trend likely won't be broken any time soon. The 19th 250 GTO ever to come off the production line, being made in 1962, is set to be sold in an auction at this year's The Quail, A Motorsports Gathering, on Aug. 15.
While the 250 GTO will likely hold the top spot for most expensive car ever sold for a while, it's not the only Ferrari model to come with a sky-high price tag. Earlier this year a 1954 375-Plus was sold for $18.3 million in a Bonhams auction at the 2014 Goodwood Festival of Speed. A 1965 275 GTB/C Speciale is also likely to be sold for $34 million or more in August at the RM Auctions event in Monterey, Calif.
The 1962 Ferrari 250 GTO features a 4.0-litre V12 engine which delivers 300 horsepower. The car was sold for only $18,500 in 1962, which is about $145,733 when adjusted for inflation. A lot of money, for sure, but no where near the $62.7 million asking price for the one being sold in Germany.
The car began selling for over $1 million in the mid-'80s. Since then, the price has gone up almost $2 million per year.
If the car does end up being sold privately, it is likely that it will take some time for news of the sale to become public.
