A 1962 Ferrari 330 LM/250 GTO recently achieved a remarkable $51.7 million at Sotheby's, solidifying its status as the most expensive Ferrari ever auctioned. Presented as a luxury object in a standalone sale during Sotheby's fall auctions of fine art in New York, the bright red classic witnessed spirited bidding, reaching $47 million before auction-house fees.

1962 Ferrari GTO races to record bid, fetches $51.7 million at auction

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1962 Ferrari GTO races to record bid, fetches $51.7 million at auction