Saturday, October 25, 2014
Loading...





'62 Ferrari sold at auction for $34 million

'62 Ferrari 250 GTO sold for $34.65 million in California auction
Posted on Aug. 15, 2014 at 12:00 a.m. | Updated on Aug. 15, 2014 at 8:43 a.m.

CARMEL, Calif. (AP) — A rare 1962 Ferrari 250 GTO once owned by a famed racing driver and Olympic gold medalist has sold for $34.65 million.

Thursday’s sale at an auction in California during Monterey Car Week is believed to be a record public auction price for a classic car, topping the nearly $30 million paid for a Mercedes W196 last year in England.

The Los Angeles Times (http://lat.ms/1kGzqcD ) reports the $38 million total price — including 10 percent buyer fees — is half of what experts said it could fetch. One example reportedly sold for $52 million in a private transaction.

The car is one of just 39 Ferrari GTOs produced and was once owned by racer and retired Olympic gold medal skier Henri Oreiller, who died after crashing it into a building.

Information from: Los Angeles Times, http://www.latimes.com


Recommended for You


Loading...
Loading...
Loading...

Posted 1 hour ago
 This Oct. 22, 2014 photo provided by the United States Geological Survey shows the front of a lava flow with numerous smoke plumes arising from active breakouts burning vegetation at the flow margin, near the town of Pahoa on the Big Island of Hawaii. The growing stream of lava threatening homes is expanding and speeding up as it heads toward the small rural town. Officials say the lava advanced nearly 460 yards from Thursday morning to Friday, Oct. 24, 2014.   (AP Photo/U.S. Geological Survey)

Posted 1 hour ago
Back to top ^