1963 Ferrari 250 GTO Sells for World Record $70 Million

Ferrari has set a world record for the most expensive vehicle ever sold, hitting $70 million for the 1963 Ferrari 250 GTO.

With only 39 production vehicles ever built, with the last one sold for $38 million at a Bonham's auction, the vehicle was sold to American business executive by German collector Christian Glaesel to David MacNeil, the CEO of Weathertech, a manufacturer of car accessories.

Watch the video below (of a '64 Ferrari) to understand just how a 1963 Ferrari could indeed be so coveted. It's beautiful!

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He owns an impressive car collection and his son, Cooper Macneil, will be participating in the 2018 24 Hours of Le Mans race behind a Ferrari 488 GTE.

The 250 GTO's vaunted history includes a fourth-place finish at the 1963 Ole Mans and a first-place finish at the Tour de France, all while never ending up in a crash.

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