MIAMI (CBSMiami/CNN) - A 1962 Ferrari 250 GTO sold for $48.4 million at RM Sotheby's annual Monterey collector car sale -- a world record for any car ever sold at auction. Up until now, a 1962-63 ...

Only 39 Ferrari 250 GTOs were built between 1962 and 1964, and this particular red car (not pictured here) was acquired by Pappalardo in 1974. Pappalardo reportedly raced the 250 GTO in numerous ...

Any time A Ferrari 250 GTO comes up for auction it's an event. Not only is it one of the most lusted-after sports cars in history, it's also one of the rarest. Only 36 were produced, all from 1962 to ...

A 1962 Ferrari 250 GTO sold for $48.4 million at RM Sotheby’s annual Monterey collector car sale – a world record for any car ever sold at auction. Up until now, a 1962-63 Ferrari GTO, which sold for ...

If you read Automobile, you are likely at least aware of the rarefied air the 250 GTO inhales through its six downdraft Weber carburetors. Across the last decade, the car, with its distinguished ...

A classic car was recently sold in a private transaction for a staggering $52 million. Citing anonymous sources with knowledge of the sale, Bloomberg reports that the rare 1963 Ferrari 250 GTO was ...