A 1962 Ferrari 250 GTO has reportedly been sold for a record breaking $35 (€28 / £23) million.

A 1962 Ferrari 250 GTO has reportedly set a new world record for being the world's most expensive car.

According to Bloomberg, the rare model - specially built for Stirling Moss - was bought by American automotive collector Craig McCaw for $35 (€28 / £23) million. While the price is certainly impressive, McCaw made a fortune when he sold his company to AT&T for $11.5 (€9.2 / £7.4) billion in 1993.

As for the car itself, it has a distinctive green livery and a 3505 chassis number. Oddly enough, Moss never raced the car as he suffered a career ending crash just prior to taking delivery.

Regardless, the car's value has skyrocketed as it was purchased for $3.5 (€2.8 / £2.2) million in 1996 and about $8.5 (€6.8 / £5.5) million in 1999.


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1962 Ferrari 250 GTO becomes the world's most expensive car - report