Latest News

Back to the News

The worlds most expensive Car

Thursday 3rd October 2013
A 1963 Ferrari 250 GTO is reported to have been sold for $52 million, making it the world's most expensive car.

A classic Ferrari 250 GTO is reported to have been sold for $52 million, making it the world's most expensive car.
Bloomberg News states that the 1963 250 GTO racecar was purchased last month from its previous owner, Paul Pappalardo. The identity of the new owner, who bought the car in a private transaction, is not yet known, says Bloomberg, which reports three independent specialist traders disclosed sale and price to them. Pappalardo, who is based in Connecticut, bought the car, chassis number 51111, in 1974. It is one of just 39 such cars built by Ferrari, conceived to compete in GT racing (GTO stands for Grand Turismo Omologato, or Grand Touring Homologated). As well as a successful racer, it has long been regarded as one of the world's most beautiful and exclusive cars.
Nick Mason, Pink Floyd drummer and classic car collector, owns a similar car, which he bought in 1977 with the proceeds of Dark Side of the Moon. In 2010 he turned down an offer of $35 million for the car, and is since thought to have received offers of between $40 million and $50 million from investors looking to take advantage of classic car investments

Recent News Posts

Read more about...

RM Sotherby's sells Alfa Romeo BAT Trio for $15.488m USD

Wednesday 28th October 2020

Our belief that a number pf Alfa Romeo motor cars produced prior to the mid 1970s are true works of art was proved right this even...Read more

Read more about...

Alfa Romeo 2020 Mille Miglia victory for Father and Son Team

Sunday 25th October 2020

The Father and Son team of Andrea and Roberto Vesco of Italy crossed the finish line at Viale Venezia aboard their 1929 Alfa Romeo...Read more

Read more about...

COVID - 19

Tuesday 24th March 2020

We are in strange and worrying times. Whilst spring is approaching and all outside appears bright and calm, for most people life d...Read more

Read more about...

RIP Nicola Romeo - 28/04/1876 to 15/08/1938

Thursday 15th August 2019

Nicola Romeo, Founder of Alfa Romeo died this day in 1938. Born on the 28th April 1876 in Sant' Antimo, Italy, Nicola Romeo...Read more

Read more about...

HAGI Index reports rising prices in July 2019

Thursday 1st August 2019

The Historic Automobile Group, index leaders for reporting values within the classic car market worldwide, has posted a 4.4% i...Read more

Read more about...

1937 Alfa Romeo 8C 2900B wins Gold at Villa d'Este 2019

Sunday 26th May 2019

The 1937 Alfa Romeo 8C 2900 B has won this years Gold Cup at Cernobbio on Lake Como, awarded by public vote. The Alfa Romeo also t...Read more