While recently browsing through Reddit, we came across a thread from early December that reveals the most prized classic of them all, the Ferrari 250 GTO, has officially become worth more than its weight in gold. If you take the 880 kg figure and do a little bit of math, you’ll discover that the 250 GTO is worth $55.00 per gram, significantly more than the price of gold. A red 1962 Ferrari 250 GTO sold for $48.4 million on Saturday in California, the most ever paid for a classic car at auction. By signing up you are agreeing to our, G.M. The facelifted Panda also gains a new Sport variant which features unique styling inside and out. A 1962 Ferrari 250 GTO sold for a record price of $US48.4 million dollars at an RM Sotheby’s Auction in Monterey, California on Saturday. This GMA T.50 prototype is actually an Ultima with Cosworth’s 3.9-liter V12 engine. 1163, Modena, Italy, Companies’ Register of Modena, VAT and Tax number 00159560366 and share capital of Euro 20,260,000, single overhead camshafts per bank, two valves per cylinder, single spark plug per cylinder, two coils, independent, unequal-length wishbones, co-axial coils and telescopic shock absorbers, anti-roll bar, live axle, twin radius arms, semi-elliptic springs, co-axial coil springs and telescopic shock absorbers. The record price includes the buyer’s premium based on the hammer price of $44 million, calculated at 12 percent on the first $250,000 and 10 percent on the remainder. As part of its five-year plan, the VW Group is reviewing the future of Ducati, Lamborghini and Bentley. Is This The EE7 Concept That’s Previewing NIO’s Upcoming Flagship Sedan? At the time of the thread being published, the price of gold was $1237.48 per ounce, or $39.78 per gram. The vehicle was offered by RM Sotheby’s in Monterey, and was estimated to fetch between $45 million and $60 million, the highest valuation ever for a vintage auto at auction. It smashed the previous record of $38.1 million paid for a 1963 model of the same car in 2014. Ferrari built just 36 examples of the model from 1953 to 1964, and these elegant race cars have generated the highest prices among all vintage automobiles in recent years. If you take the 880 kg figure and do a little bit of math, you’ll discover that the 250 GTO is worth $55.00 per gram, significantly more than the price of gold. The new 2.0-liter turbo-four delivers 168 HP and 350 Nm of torque. On January 2, 2019, the price of gold is $1288.60 per ounce or $41.43 per gram. These Were The Fastest Cars At This Weekend’s Goodwood Speedweek, GM Investing $2 Billion To Build The Cadillac Lyriq In Tennessee, 2021 Hyundai i20 N Is Here To Shake Up The Hot Hatch Market, Instagram Influencer Arrested After Crashing His Lamborghini Aventador Into Skoda Killing Its Driver. The 250 GTO model was the pinnacle of development of the 250 GT series in competition form, whilst still remaining a road car. Jeep Grand Cherokee Trackhawk Does Some RWD Burnouts, 2020 Opel Insignia Gains New 2.0L Turbo Petrol, Diesel AWD Powertrains In Europe, Hyundai Debuts New i20 N Rally2 Car For Private Teams And Drivers, All-New Kia Sorento’s Multi-Collision Braking System Coming To More Models In 2021, Pininfarina Launches Bespoke Wallbox For Battista Electric Hypercar, Volkswagen Hosting Talks With Bidders Wanting To Buy Ducati, 2021 Nissan Magnite Is A Bold-Styled Sub-4-Meter Crossover With A 1.0L Turbo Engine, Gordon Murray Automotive Fires Up Its First T.50 Prototype, 2021 Cupra Formentor Priced From £27,300 In The UK, 2021 Fiat Panda Debuts With Revised Styling, New Infotainment System. The new NIO EE7 concept will apparently premiere at NIO Day in January. Despite being aimed at India, the Nissan Magnite will also launch in other markets come next year. A red 1962 Ferrari 250 GTO sold for $48.4 million on Saturday in California, the most ever paid for a classic car at auction.. The seller was Greg Whitten, chairman of Numerix Software Ltd. and an early Microsoft Corp. employee, who purchased it in 2000.