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Ferrari 250 GTO sells for record $38 million

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Ferrari 250 GTO sells for record $38 million

By alley - Aug 15, 2014, 4:31 AM ET

As expected, the Ferrari 250 GTO offered for sale at Monterey Thursday night by Bonhams set a new world record for a car sold at public auction, The first 250 GTO to come under the gavel in decades sold for $38.115 million.The GTO was developed to contest the 1962 3-liter...

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