Ferrari GTO sells for R400 million in new auction record.

By Drum Digital
15 August 2014

A red Ferrari set a record as the most expensive car ever sold auction.

A red Ferrari set a record as the most expensive car ever sold auction. The 1962 Ferrari 250 GTO Berlinetta, reportedly one of only 39 made, sold for R405million including the 10% commission at a Bonhams auction here. Auction officials say the sale easily topped the previous record of any car ever sold at auction, about R 316 million for a 1954 Mercedes-Benz W196R F1 single-seat racer sold last year at a Bonhams auction in England.

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