The World’s Most Expensive Car: Ferrari 250 GTO

A Ferrari 250 GTO which had been specially designed for the race driver Stirling Moss has recently got the badge of the world’s most expensive car, which was sold in a private transaction of $35 million last month. A website of classic car dealers have reported that the apple-green Ferrari, which is the 39 GTOs versions produced from 1962 to 1964 is listed in the May's high-end sales. The two specialist traders confirmed the price of the Ferrari GTO, individually. The Dutch-born businessman Eric Heerema, who is the owner of the Nyetimber vineyard in Sussex, southern England, sold the car two weeks back.

The person who bought this car is the classic car collector Craig McCaw who is based in U.S. McCaw has a company named Eagle River Investments. But when these buyer and seller were contacted for further details of this transaction, they were unavailable. James Cottingham, who is the acquisition consultant for Ferrari dealer DK Engineering based in Hertfordshire, U.K. said that the market is on a boom for procurements of the cars. He further added that the buyers in the market are expanding and the demand of the car collectors are increasing, who do not use the car as much as used to do earlier but now they wish to sell the cars as soon as they buy it. Craig McCaw, who bought this car is also the co-founder of McCaw Cellular, which has been acquired by AT&T for $11.5 billion in 1993.