1962 Ferrari GTO auctioned for a record $48.4 million. The highest ever paid at auction
The 1962 Ferrari 250 GTO sold at RM Sotheby's auction at Pebble Beach, California, where it opened at a bid of $35 million. Three bidders competed for the car, which easily passed the $38 million -- the previous highest amount paid for a car at auction.
The legendary race car (1 of 36 ever built) eventually auctioned for $48.4 million -- the highest amount ever paid for a car at auction.