A 1962 Ferrari 250 GTO sold for $48.4 million at RM Sotheby's annual Monterey collector car sale -- a world record for any car ever sold at auction.
Up until now, a 1962-63 Ferrari GTO, which sold for $38 million at a 2014 Bonhams auction held that distinction. These prices include a 10% "buyer's premium" paid to the auction company.
Every August, the days leading up to the Pebble Beach Concours d'Elegance classic car show in California are filled with events for high-end car collectors. These include auctions at which record prices are often paid for the most desirable cars...
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