By now you have probably heard the news: A 1962 Ferrari 250 GTO sold at RM Sotheby’s Monterey auction in August for $48,405,000—a world-record price for a car sold at any auction. Why would anyone spend the better part of $50 million on a car? The short answer is because they can. The long answer...
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Market Watch: 1962-1964 Ferrari 250 GTO appeared first on
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