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1962-63 Ferrari GTO sells for $38 million — a new auction record
NEW YORK (CNNMoney) -- A 1962-63 Ferrari GTO Berlinetta was sold in California on Thursday for $38 million -- the most ever paid for a car at auction. The price included a 10% "buyer's premium" paid to the auction company, Bonhams. While the sale was easily a record price for any car ever sold at auction, some experts had predicted the classic car would go for more than $50 million.