A 1963 Ferrari 250 GTO recently sold in a private auction for a reported $70 million, auto publications have announced throughout the week, likely making it the most-expensive car in the world.
The private nature of the transaction leaves some details unknown, though auto publications are widely reporting that the Ferrari has left the garage of its former German owner and is now in the possession of David MacNeil, founder of the Illinois-based WeatherTech custom floor mat maker.
Already counted among a very desirable Ferrari crop, this 4153GT chassis specimen has racing provenance. It was first overall at the 1964 Tour de France. Only 36 versions of the series were ever made, making the vehicle extremely rare.
Previously the highest price for a car was $52 million, paid for another 1963 Ferrari GTO in 2013.
“It’s conceivable that other, rarer cars may have changed hands for greater sums in the past between owners who like to keep eight- (or even nine-) figure transactions quiet,” wrote Autoweek columnist Graham Kozak.
“Still, there’s something that feels significant about that rapidly approaching $100 million threshold, which would put a category, a car — for the first time that we know of — into a realm of high-rolling collectibles previously only occupied by fine art,” Kozak said.