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$52m for the world’s most expensive car – why does the Ferrari 250 GTO cost so much?

A Ferrari 250 GTO has been sold for $52 million – find out what makes a car like this so expensive

Only 36 of the Ferrari 250 GTO were ever built - making it very rare and desirable

Only 36 of the Ferrari 250 GTO were ever built - making it very rare and desirable

If you’ve ever wondered what the world’s most expensive car looks like, then feast your eyes on the Ferrari 250 GTO. It recently sold for $52 million, making it the most expensive car in the world.

It’s no secret that becoming the owner of a classic car is not cheap. Vintage cars are highly sought after by a growing number of collectors who will pay huge figures for rare vehicles. The Ferrari 250 GTO, however, will stretch even the most generous budgets.

Originally costing £6,000, the Ferrari 250 GTO has seen a 500,000% increase in its value. There are some key reasons why:

  • It’s extremely desirable – it won the 1963 Tour de France road race with Jean Guichet behind the wheel
  • It’s rare – only 36 GTOs were ever built, making this one of the most sought-after vintage cars in the world
  • It has a powerful V12 engine which gives it a top speed of 174mph

What other cars have fetched this sort of price?

Rare, classic cars sold at auctions often make headlines for their outrageous price tags. Here are some of the most expensive used cars ever sold:

1954 Mercedes-Benz race car This 1954 Mercedes-Benz race-car is the most expensive car ever sold at a UK auction – it went for $30 million in England this year.

1967 Ferrari 275 GTB/4S NART This rare 1967 Ferrari 275 GTB/4S NART Spider fetched a staggering $27.5 million at auction.

1975 Ferrari Testa Rossa This 1957 Ferrari Testa Rossa sold at an auction in California for $16.4 million, making it one of the most expensive cars ever sold in the US.

Chris Evans' Ferrari 350 GTO Chris Evans acquired a Ferrari 250 GTO in 2010 – this vintage 250 GTO Ferrari – which cost him £12m.

If you’ve always fancied getting behind the wheel of something pretty special, why not visit one of our prestige and performance centres for a test drive?

About the Author

Zara Porter

Staff writer at Arnold Clark