World's most expensive car ever sold- Ferrari 250 GTO ($48.4 million)

Ferrari 250 GTO

250 - is displacement in cubic centimeters of each of its cylinders

GTO- "Gran Turismo Omologata", in Italian language it means "Grand Touring Homologated."

Worlds most desirable car, driven by Edoardo Lualdi-Gabardi at Italian GT Championship in 1962.

Just 36 number of 250 GTOs were manufactured between 1962 and 1964.

Ferrari 250 GTO sold for $48.4 million at RM Sotheby's annual collector car sale in Monterey, California, a world record for any car ever sold at auction

Ferrari 250 GTO was sold by former Microsoft executive Greg Whitten

250 GTO was able to reach 60 mph in only 5.4 seconds

Ferrari 250 GTO Specification

Engine: V12

Horsepower (RPM): 302 at 7500

Gearbox: 5 speed Manual

BHP/Liter: 102 bhp / liter

Top Speed: 280 km/h / 174 mph