A vintage 1962 Ferrari sold for more than $50m at a New York auction, making it the second most expensive car ever to go under the hammer, says Sotheby's. The bright red GTO had belonged to an American collector for the past 38 years but was sold on Monday for $51.7 million after just a few minutes of bidding.$51.7 million

A 1962 Ferrari 330 LM / 250 GTO by Scaglietti, the coveted Italian coachbuilder, sold for $51.7 million at a RM Sotheby's auction Nov. 13 in New York City. It was the most expensive Ferrari ever to sell at auction and the most expensive classic car sold publicly anywhere in the world this year.It brought $51,705,000 at RM Sotheby's New York sale. This car set a record for a Ferrari sale price at auction. It's the only 1962 GTO campaigned by Scuderia Ferrari.

How much does a Ferrari 250 GTO cost today : The factory-owned racer hammered for a total of $51,705,000 with fees. The only factory-owned Ferrari 250 GTO Series 1 has just made history at an RM Sotheby's Auction, with a final sale price of $51,705,000 making it the most expensive car from Maranello to ever sell in a public forum.

What car sold for $51.7 million

This Ferrari GTO from 1962 just sold for record-breaking $51.7 million at auction. This car, chassis no. 3765, has become the most valuable Ferrari ever sold at auction and has the second-highest price ever achieved for any car at auction. It's the only factory GTO Tipo 1962 to have been raced by Scuderia Ferrari.

Who owns 70 million Ferrari : David MacNeil

Car broker Lukas Hüni was involved in the sale and the new owner is David MacNeil, CEO of car accessories company WeatherTech. According to sources with insight, the purchase price was 70 million dollars, at today's exchange rate 616 million kroner.

1963 Ferrari 250 GTO ($52 Million and $70 Million)

The red 1963 Ferrari 250 GTO that sold for $52 million in 2013 was raced by Jo Schlesser in 1960. Before being sold in 2013, it was owned by Paul Pappalardo, who reportedly restored it and raced it in a number of heritage race series.

According to Hemmings Motor News, the average asking price of a Ferrari F40 is around $1.5 million with some well-kept examples asking for as high as $1.9 million and sometimes even more, depending on condition.

Which is the no. 1 richest car

1. Rose Noire Droptail – AED 117.7 Million ($32 Million) The La Rose Noire Droptail (French for “The Black Rose”), a bespoke 2-seat roadster by Rolls Royce, is a symbol of opulence and intricate craftsmanship. The Droptail is the third car launched under Rolls Royce's Coachbuild program.1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe

STUTTGART, Germany – A 1955 Mercedes-Benz 300 SLR Uhlenhaut Coupe, one of only two on Earth, has sold for a record $143 million, making it the most expensive car in the world.Mercedes-benz just made history selling the world's. Most expensive. Car for a whopping. 142 million dollars the very rare 1955 mercedes slr coupe was sold at private to a private owner.

1963 Ferrari 250 GTO ($52 Million and $70 Million)

With the 4 most expensive Ferraris ever sold all being the same model, even the smallest of differences can lead to massive shifts in value.

Who owns 10% of Ferrari : Piero Ferrari

10% of Ferrari was and continues to be owned by Piero Ferrari (son of Enzo).

How much is a Ferrari 250 GTO in million dollars : A Ferrari 250 GTO from 1962 has been sold at an auction for $51.7 million (or about INR 430 crore) in New York, making it not only the most expensive Ferrari ever sold, but also the world's second-most expensive car to ever have been sold.

Can you buy a Ferrari 250 GTO

The Holy Grail of classic Ferraris is currently up for sale, though only the mega-rich need apply. British dealership Tom Hartley Jnr has a 1962 Ferrari 250 GTO listed, and naturally the price is only available to serious bidders.

Prices for a used Ferrari 488 currently range from $174,988 to $479,995, with vehicle mileage ranging from 274 to 37,208. Find used Ferrari 488 inventory at a TrueCar Certified Dealership near you by entering your zip code and seeing the best matches in your area.At its debut, the Ferrari F50 price was $475,000, but its limited production run and the increasing popularity of the Ferrari brand over time has driven collectors' model values far higher. Recent Ferrari F50 prices have gone as high as $3 million, though not yet rivaling some of the more expensive Ferrari models.

Is there a billion dollar car : Is there a car worth $1 billion No, and with the most expensive car in the world being the Mercedes-Benz 300 SLR Uhlenhaut Coupé with a sale price of $142 million, we're far from a car hitting that mark.