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Ferrari raises record auction price

Ferrari 250 GTO Berlinetta goes under the hammer for $38.1m - around €28.5m.


The record for the most expensive car sold at auction has been broken again - by a Ferrari 250 GTO Berlinetta, which went for $38,115,000, or around €28,528,626.

The 250 was one of ten Ferraris from the Maranello Rosso Collection being sold by Bonhams, at the Quail Lodge Auction in Carmel, California, yesterday (August 14).

The price it fetched surpassed the $30 million (€22.43m) set by Bonhams' sale of a 1954 Mercedes-Benz W196 R F1 Racer at the 2013 Goodwood Festival of Speed.

A global bidding war involving both those in attendance in Carmel and buyers on the phones ensured the gorgeous Fezza managed to reach its $30-40m estimate.

Robert Brooks, chairman of Bonhams, said: "We always maintained that we would exceed the current world record and that the car would bring between $30-$40 million, and the GTO did just that."

Anything else?
The other nine Ferraris between them got nowhere near the price of the GTO, fetching another $27.8m (€20.81m) to bring the total sale price of the Maranello Rosso Collection to $65,945,000 (€49,359,559). The next highest individual car was a 1953 250 Mille Miglia Berlinetta, which fetched $7.26m (€5.43m).

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Published on August 15, 2014