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Can you take a stab at what the most valuable car in the world is? Well, based on a recent profile by CNNMoney, it could soon be the classic Ferrari 250 GTO Berlinetta, specifically one that is about to be auctioned in California this year.
Experts are saying that this specific model of the Berlinetta (model years from 1962-1963) could reach a price of over $50 million, making it the most expensive collector car ever sold.
The Ferrari GTO is recognized as a true racing car, but one that can also be enjoyed on regular roads. This specific model up for auction may reach such high prices because it is the only Berlinetta ever made to have had one owner for this long. After 49 years in his possession, owner Fabrizio Violati is putting it up on the block to find a new home.
Are you thinking of bidding on a car at an auction this month? Give our customer service representatives a call and let us give you a free, instant insurance quote for any collector car!
