Ferrari 250 GTO auctions for £20.2m

A classic Ferrari 250 GTO has gone under the hammer to sell for a reported £20.2 million ($32.1 million) which makes it one of the most expensive cars ever sold.

It is one of just 39 examples that was built by the Italian brand, it was produced between 1962 and 1964 and had an original sticker price of around £6000. There are no details on who made the purchase, but reports state the seller is British businessman Jon Hunt who bought the model in 2008 for a sum of £15,700.000 in 2008.

This means he made a profit of £4.5million in just three years - not a bad investment.

The model sold at auction carries the chassis number 5095 and is equipped with a 3.0-litre V12 engine that produces 300hp ( 224 kW / 304 PS ). It can accelerate from 0-60mph in 6.1 seconds and has a top speed of 174mph.

The record sum ever paid for a car is believed to be the 1936 Bugatti 57SC which sold for between $30 million and $40 million in 2010.

Please note: currency conversions only correct at time of writing

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Automaker Ferrari
Article type Classics
Tags 250, 250 gto, auction, ferrari 250 gto, gto