1962 Ferrari 250 Gto

A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby's said.

A record for amassing over $140 million at auctions throughout the year. That's more than Rs 900 crore for 9 legendary Ferraris to be precise. This record feat includes a bid of $38.115 million for a 1962 Ferrari 250 GTO - which is the highest bid for a car at a public auction.

At the Bonhams Quail Lodge auction, nine Ferrari models set records, as did a Rolls-Royce once owned by Elvis Presley, and several Maseratis. Even a 1962 Austin Mini sold for a record $181,500. The week's sales total hit $400 million, a 28 percent increase from a year ago.

A red 1962 Ferrari 250 GTO Berlinetta, one of only a handful, was snapped up for $38.1 million in California, becoming the most expensive car ever sold at an auction.

A red 1962 Ferrari 250 GTO Berlinetta, said to be one of only a handful, was snapped up for $38.1 million in California, becoming the most expensive car ever sold at auction.

A 1962 Ferrari 250 GTO sports car sold for $51.7 million in New York on Monday, making it the second most expensive car ever sold at auction, Sotheby's said.

A record for amassing over $140 million at auctions throughout the year. That's more than Rs 900 crore for 9 legendary Ferraris to be precise. This record feat includes a bid of $38.115 million for a 1962 Ferrari 250 GTO - which is the highest bid for a car at a public auction.

At the Bonhams Quail Lodge auction, nine Ferrari models set records, as did a Rolls-Royce once owned by Elvis Presley, and several Maseratis. Even a 1962 Austin Mini sold for a record $181,500. The week's sales total hit $400 million, a 28 percent increase from a year ago.

A red 1962 Ferrari 250 GTO Berlinetta, one of only a handful, was snapped up for $38.1 million in California, becoming the most expensive car ever sold at an auction.

A red 1962 Ferrari 250 GTO Berlinetta, said to be one of only a handful, was snapped up for $38.1 million in California, becoming the most expensive car ever sold at auction.