’62 Ferrari Sold At Auction For $34 Million
Don't Miss This
- Lawyer Allegedly Caught During Sexual Encounter With Jailed Inmate Fires Back
- Man Allegedly Sets Himself And Wife On Fire In Stockton
- Davis Teen Gets 52 Years To Life In Brutal Slaying Of Elderly Couple In Their Beds
- Caltrans May Pick Up The Tab For Your Car’s Pothole Damage
- Folsom District’s Response To Seventh-Grader’s Suicide Drawing Heavy Scrutiny
CARMEL (AP) — A rare 1962 Ferrari 250 GTO once owned by a famed racing driver and Olympic gold medalist has sold for $34.65 million.
Thursday’s sale at an auction in California during Monterey Car Week is believed to be a record public auction price for a classic car, topping the nearly $30 million paid for a Mercedes W196 last year in England.
The Los Angeles Times reports the $38 million total price — including 10 percent buyer fees — is half of what experts said it could fetch. One example reportedly sold for $52 million in a private transaction.
The car is one of just 39 Ferrari GTOs produced and was once owned by racer and retired Olympic gold medal skier Henri Oreiller, who died after crashing it into a building.
Information from: Los Angeles Times, http://www.latimes.com
Copyright 2014 The Associated Press.