If you consider the Bugatti Veyron to be very expensive, the price of the following car will make you think this is ridiculous.
The latest transaction price of the 1962 -1964 Ferrari 250 GTO, reached $52 million. That is 20 times of the base Bugatti Veyron’s MSRP.
Many of you may not know, 50 years earlier Ferrari cars do not hold value, that’s because at that time Ferrari owners generally did not care about the car and did not maitain it well. Ferrari only build 39 units of the 250 GTO during the 60s, it was sold MSRP $18,500 as a new car in 1962 – 1964; it depreciated quickly to $10,500 as a second-hand car in 1965...
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