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Ferrari J50 Renderings | Autoblog Minute

Commemorating the 50th anniversary of Ferrari in Japan with the limited series bespoke J50. Ferrari Autoblog Minute Videos Original Video autos

1963 Ferrari 250 GTO sells for $70 million

The Ferrari 250 GTO is well-known as one of the most valuable cars on Earth, and quite rare with just 39 examples built. It's a reputation backed by incredible sale prices, one of the most recent being an auction record of $38 million at Bonhams' Monterey auction in 2014. Not all of them cross the auction block, and one reportedly was sold in a private sale for a stunning $70 million, thought to be the highest price ever paid for a car. The price and the sale was confirmed by Fox News after the news outlet talked to a Ferrari historian. It was reportedly sold to American businessman. The duPont Registry reported on the sale a little earlier, having learned of the sale in a forum, and notes that the buyer may have been David MacNeil, CEO of WeatherTech, the company that makes and sells various floor mats and cargo-area covers. MacNeil is a Ferrari collector and driver and may well show and drive the car in vintage races and rallies. Not only does this price exceed the last auction price, it exceeds the last rumored private sale price. Back in 2013, a 250 GTO reportedly sold for $52 million. That particular car shared some of the racing heritage of this new record setter, including a win in the Tour de France, a race that was commemorated in the name of the Ferrari F12 TdF. Related Video:

How not to unload the 1 of 1 Ferrari P4/5 Competizione from a trailer

Believe it or not, unloading a car from a transport vehicle is a delicate science. It's alarmingly easy to damage a car in the tight, elevated confines of a dedicated car hauler, but as these gentlemen at the Monterey car week found out, even getting a car off a flatbed comes with its own unique set of challenges.
When the car you're moving off said flatbed is the only Ferrari P4/5 Competizione in existence, meticulously built to the specifications of Ferrari collector James Glickenhaus, we imagine the stress level is even greater. Yes, this is an unloading gone wrong, although it could have always been worse. The movers have the right idea, working boards underneath the car, but simply didn't account for the car moving them. The result is a racecar, resting ever so gracefully, on its carbon-fiber nose. Getting the car out of such a precarious position safely requires nearly as much skill as getting it off in the first place.
Take a look below for the full, cringe-inducing video.