San Diego, California - He could have purchased a brand new Ferrari Model 812Superfast for as little as $315,000, says the Association of Mature American Citizens. But the anonymous bidder at an auction in California opted to pay a whopping $48.4 million for a used Ferrari a red 1962 Ferrari 250 GTO.
Granted it’s a rare breed of automobile. Ferrari made only 36 of these coupes between 1962 and 1964. And, the previous owner, who is said to have paid a mere $10 million for it in the year 2000 apparently took meticulous care of his dream car. Despite the fact that the car was in numerous international races, it was never wrecked.