Name: Most expensive car sold at aunction
Uploaded: 2014-08-15
Duration: 1 min 25 s
Description: Most expensive car sold at aunction

A once crashed Ferrari smashed the record Thursday for the most expensive car ever sold at auction. A rare 1962 Ferrari 250 GTO Burlenetta was sold by Bottoms. For $ 38. 1 million at the Pebble Beach Concourse de Elegance. The hammer price was $ 35. 65 million before the buyer's premium. The sale blew past the previous record set by a Mercedes- Benz W196 racer. That sold last year for $ 31. 6 million. Fortune says this particular car was one of 36 built by Ferrari. And was driven by French racing driver Jo Schlesser. It crashed during a race in 1962 and killed the driver Henri Oreiller. NBC points out several GTOs have crashed and been repaired in the past. But experts believe the price tag on this car would be higher. Because with the only one to be involved in a fatal wreck. Though it fell short of the $ 50 million price tag some expected. Bonham says it's thrilled with the Ferrari's sale. The company's chairman said, in a statement, it's been a genuine privilege to represent this outstanding car. We've always maintained that we would exceed the current world record and that the car would bring between 30 and 40 million, and today, the GTO did just that. Thursday's auction is just one even taking place at the Pebble Beach Concourse [ INAUDIBLE ] which officially kicks off Sunday.