The Most Expensive Car Was Purchased Today for an Astronomical 52 Million Dollars!

Impressive motors are all about breaking records, whether it is for speed, or in this case immense value. Today marked the steepest car purchase in history and is of course for a Ferrari! They say that cars of a certain caliber are priceless, getting past a certain age they are either scrappers or simply gold! The Ferrari GTO evidently has fallen in the latter of these two categories.

Only 39 of the cars were produced, an apple-green version, made for the British race driver Stirling Moss, was sold privately for a record $35 million. Red is obviously the colour of Ferrari that we are all most familiar with and the colour that signifies the Ferrari brand to its entirety.

The car is a 1963 Ferrari 250 GTO racer with a colourful history. It may be a few years old but it oozes with a sense of classiness that makes it a must have within a modern era. The Greenwich Connecticut based collector Paul Pappalardo previously owned the car and cherished it, maintaining a standard that is timeless. An unidentified buyer purchased the car today in a private transaction. There were three specialist traders who independently confirmed the purchase and price of the red classic for the 52 million dollars.

The price is a staggering 49 percent increase on the record for any automobile, achieved last year for another 250 GTO. Values of classic cars, particularly Ferraris of the 1950s and 1960s continue to grow and attract new enthusiasts, investors and speculators. This nature of reverting back to classic cars is immersing fear in the current car trade market. People with a large disposable income are favouring classic cars possessing a rarity that is impressive, encapsulating a vintage feel that is in trend at present.

The car is question is made with a certain mystique that styles it as a very desirable vehicle. This sense of individuality enables such one offs to stay in want, making the price a very small and almost irrelevant factor of the craving for the car.