Bloomberg reports that a 1962 Ferrari GTO has been sold for $35 million, making it the most expensive car in the world. The record price eclipses the $32 million paid for a 1964 Ferrari 250 GTO back in February and the $30-34 million dished out for a 1936 Bugatti Type 57SC Atlantic back in 2010.

The 250 GTO in question is chassis number 3505GT and was built specifically for the legendary Stirling Moss. While Moss never actually ended up racing the car (a career-ending crash in April of 1962 prevented him from getting behind the wheel), it has a fairly significant race history with several wins. 3505GT also competed in the 1962 24 Hours of Le Mans, although it ended the race with a DNF. The car stands out among the other 250 GTOs thanks to its unique lime-green livery.

Amazingly, the price of this particular car has increased tenfold since 1996, when it was purchased for $3.5 million. From there the car has changed hands a few times, with the most recent owner, a Dutch businessman, purchasing it for $8.5 million about a decade ago. The 250 GTO's newest owner, car collector Craig McCaw, earned his fortune by selling a telecommunications company to AT&T for $11.5 billion back in 1993.

We most recently saw the car at the Pebble Beach Concours d'Elegance last year, where it was displayed as part of the 250 GTO's 50th anniversary celebration. You can see photos of the car at Pebble Beach in the gallery above.

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    • 1 Second Ago
      • 2 Years Ago
      I think it is over priced . 34 million seems more like it
      • 2 Years Ago
      • 2 Years Ago
      Beautiful machine!
      • 2 Years Ago
      My goodness! MY question would be was this car delivered from Ferrari in this color? I dont believe that in 40 years of following classic car collecting I have ever seen a Ferrari,especially a 250 GTO,as delivered from the manufacturer in this color.That alone would raise the exclusivity 10 fold. Short list of bidders for this car-almost every one I have seen was Italian Racing Red or Black.Only 36 examples of the 62-63 GTO were built-rare bird!
      Andrew TheBoss
      • 2 Years Ago
      Mmh.. The three most expensive cars in the planet are Italians (or made by Italians like the Bugatti's). I'm a bit proud about that... :)
        • 2 Years Ago
        @Andrew TheBoss
        @AndrewTB: Hope it doesn't decrease your pride, but Bugatti was founded by Ettore Bugatti as a French marque.
          • 2 Years Ago
          No, Ettore Bugatti was Italian and he founded this marque in Alsace (at the time Alsace was a German region). Bugatti born like an Italian-German car. Then Alsace became a french region and so...
      Peter Brown
      • 2 Years Ago
      I believe that that was Stirling's personal racing colours. Also the original British Racing Green was not as dark as to what it has become. At one point the Connaught Racing team had a much darker colour then the BRG in protest to the rather wimpy pale green color of the time. But thaose colors hark back to an earlier time when jockeys had colours also. Belgium was yellow and black and the US was blue and white, Italy was red, germany was White. They also specified that the chassis was, as indicted black for Belgium and yellow for the body. I am not a historian but have spent a lot of time doing reserarch and the FIA stipulated the colours and each team interpreted it in their way.
      Javier S.
      • 2 Years Ago
      I was convinced that red was the only color for vintage Ferraris but I can't get over how great this GTO looks in lime green!
      • 2 Years Ago
      That Ferrari which was made for Sterling Moss is great
      • 2 Years Ago
      Is it Stirling Moss green?
      • 2 Years Ago
      • 2 Years Ago
      people are going hungry....and a car is $35 million???????
        Richard Nygaard
        • 2 Years Ago
        I think we should have a list of approved purchases that the wealthy can make.
      • 2 Years Ago
      You are right ,a turd is a turd In this case it's a corperate turd, It's not someone who will ever come close to using this machine in any way shape or form for what it was intended for. It's like giving a retard a rubiks cube.
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