20 Most Expensive Cars Sold at Auction

Photo by mjhbower

1. 1962 Ferrari 250 GTO 3851GT

Auction price: $38,115,000

The 1962 Ferrari 250 GTO (Gran Turismo Omologato) is one of the most expensive cars sold at auction. The iconic ride sold for $38,115,000 at Bonhams Goodwood auction on August 14^th, 2014 setting a new record for publicly disclosed car auctions world-wide. The car was originally developed in order to compete in the 1962 3-liter class FIA GT World Championship of endurance races, and the car won two world titles in a row. The 250 GTO is powered by the Tipo 168/62 compression 3.0 liter V-12 engine that makes use of six carburetors and a dry oil sump rated at 300 horsepower and proved to be extremely reliable under pressure during its time on the racing circuit.