A 1962 Ferrari 250 GTO has sold for $34.65 million, making it the most expensive car ever sold at an auction. The car is extremely rare, being one of only 39 Ferrari 250 GTO’s ever built, and being owned by an Olympic gold medallist, who crashed the car and died.

The car has been crashed and rebuilt a number of times, and while some speculated that this would reduce the value of the car, others suggested that the cars history made it unique and even more valuable.

Despite the record-breaking large price tag, experts expected that the car would sell for as much as double the amount that it did. A Ferrari 250 GTO reportedly sold for $52 million in a private transaction.

The car takes the title of the most expensive car ever sold at an auction from a Mercedes W196, which sold for almost $30 million in England last year.

The Ferrari 250 GTO has a history of being the most expensive car ever sold. The one that was sold for $52 million last year took the title from another 250 GTO that sold for $35 million. That car took the title from yet another 250 GTO that sold for $28.7 million in 2008.

This particular car that was sold at the auction was owned by the same person for the last 49 years, helping to build up the value of the car. Fabrizio Violati bought the car in 1955 for a tiny $4,000.

The auction of the Ferrari 250 GTO was part of a 6 day event in Monterey, California, during which a number of cars were sold with multi-million dollar price tags. Despite this, the Ferrari 250 GTO was the highlight of the auction.