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An exclusive Ferrari 250 GTO went under the hammer for a record $ 51.7 million in New York

One of the most popular hobbies in the world is collecting. Stamps, insects, minerals, artworks, antiques, and even the most costly automobiles in the world can now be the topic of this interest. By the way, the latter will be covered in this post.

You do not have to be a collector to realize that the most precious and unusual cars aren’t even sold in supercar showrooms. Such collections may be compared to fine wines: the older, more unique, and historically significant they are, the higher their eventual worth. And such automobiles are almost always available exclusively at special automotive auctions.

The most expensive Ferrari

Many experts consider it to be the finest Ferrari of all time. It’s ironic because it was this model that was homologated by the FIA to compete in GT races – for this, Enzo Ferrari performed a few tricks: First, serial numbers were assigned to each car at random intervals rather than sequentially (to give officials the impression that the company truly produced 100 cars); second when the inspectors arrived at the factory, they were told that all the cars were in different locations – the official delegation had to take a tour, during which Ferrari employees drove the same cars to different locations to give the inspectors the right impression.

Now you can also have the possibility to rent and drive these amazing vehicles. Of course, they cost a lot, however, thanks to the spreading network of rental companies, any option is available for hire! A lot of rental services can offer you such an opportunity, but Dubai is considered to be a leader in the rental field. Ferrari F8 Tributo Spyder, Ferrari SF90, Ferrari 488 Spyder – if you decide to take Ferrari rent in Dubai, it is possible with several clicks!

The Ferrari 250 GTO racing car of the 1962 Scaglietti body shop went under the hammer for a record $51.7 million at the Sotheby’s auction in New York. This was announced on November 13 by the event organizers on the official website. Initially, it was assumed that the car would be sold for $60 million, but the transaction amount was 51 million 705 thousand dollars.

This Ferrari is a one-of-a-kind 250 GTO of 1962, which took part in the 24 Hours of Le Mans sports race more than 60 years ago, but the car failed to complete the 24-hour race due to overheating of the power plant. Despite this, the car finished first in its class at a distance of 1 thousand km in another race, which was held at the German track Nurburgring.

Initially, this car was equipped with a four-liter V12 engine layout – this is the only racing modification of the GTO, which received such a motor. Subsequently, the power plant was replaced with a standard three-liter unit.

In 1985, the car came to the United States and was in the hands of one owner until this year. For the last 38 years, this 250 GTO has been driving around the world auto shows and vintage car exhibitions.

Together with the car, the new owner, whose name is not disclosed, received the original documentation to prepare the car for the races at the Nurburgring and Le Mans, which significantly increased the value of the lot due to the confirmed historical value.

The most expensive car sold on Sotheby's

The model sold became the second most expensive car in history to be auctioned. The first was the 1955 Mercedes 300 SLR Uhlenhaut Coupe – in 2022, the race car was sold for 135 million euros.

The Mercedes-Benz 300 SLR is one of two prototypes developed in 1955 by the company’s racing department headed by Rudolf Uhlenhout and is considered one of the best examples of automotive engineering and design. The car had a speed of almost 290 km/h, which made it one of the fastest cars ever created at that time. According to the organizers, the proceeds will be used to create a worldwide “Mercedes-Benz Foundation”, which will provide young people with educational and research scholarships in the field of environmental science.

What’s new on the market

In May, the legendary Lamborghini Countach LP500S 1982 supercar appeared on the secondary market in the USA for $ 695 thousand. The car, which was present at the 1982 Geneva Motor Show, became one of the first five copies of the LP500S version with a V12 engine increased to 4.8 liters – this is evidenced by the rarest 5S nameplate.

The copy found its first owner in Italy, who soon transported the supercar to Germany and the USA. In the United States, in 1985, the exclusive Countach LP500S was acquired by the guitarist of the glam metal band Quiet Riot, popular in the 1980s, Carlos Cavazo.

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Classic cars have a universal appeal for collectors and people all around the world. In particular, the Fiat 500 is an iconic classic car model known for its charming nature and unique aesthetic. It is clear to see how popular the Fiat 500 is as the brand has sold millions of cars worldwide. With the Fiat 500 car continuing to turn heads even today, let’s explore how it has continued to stay relevant in modern society.

The Fiat 500 which is also known as the “Cinquecento” has truly cemented a place for itself in contemporary culture. Having been designed by Dante Giacosa and launched in July 1957, the Fiat 500 is hailed for its compact size and alluring appearance. Its practical nature also means that it can be easily parked which is perfect for those who are skeptical about their driving or people who are just learning to drive. However, it is also respected by experienced drivers who want to show off their prized possession.

The Fiat 500 has a long and rich history. Having been introduced in 1957, it paved the way for many small cars to enter onto the scene. Its compact size, less than 3 meters long and air-cooled, two-cylinder engine makes it the ideal choice for urban driving. However, it still boasts a sizeable interior meaning that drivers of this car can store their objects with no problem.

This model lasts 200,000 to 250,000 miles with proper care meaning that you can keep it for a long time without having to replace it. There are several things that can be done to lengthen the lifespan and reliability of a Fiat 500 car. For example, ensuring that your Fiat 500 has dependable tires is crucial for safety, performance, and overall driving experience. With this type of car, regular maintenance is necessary to ensure it performs to the best of its ability in the long run.

Over the years, there have also been several Fiat 500 models released, keeping car collectors intrigued. The 500 has produced a long line of Fiats, including models such as the 850 series and the 850 Spider. While it seemed for a while that the Fiat 500 car had lost its appeal, the appeal of the Fiat 500, was renewed once again in 2007 when Fiat introduced a modern version of the classic city car that incorporated the iconic design elements while meeting contemporary standards.

The cultural impact of the Fiat 500 is equally notable. It has made its way into art, clothing choices and culture. From appearing in films like “The Italian Job”, to being showcased in magazines, the Fiat 500 has made its way into every aspect of modern culture. The Fiat 500 is also regularly showcased on social media platforms such as Instagram and TikTok which has further accelerated the growth and popularity of this type of car. Even celebrities such as Jennifer Lopez and George Clooney have been associated with the Fiat 500s which has further integrated this type of car into contemporary culture.

Nowadays, with a modern interest in electric cars, the Fiat 500e has been released which is the electric version of the 500 that is eco-friendly. With a 42kWh battery, it can offer a range of up to 149 miles before needing to be recharged. This makes it ideal for travelling around towns or cities as well as going on short trips. The Fiat 500 brand is continuing to stay relevant by promotion subscriptions and car-sharing. Although there is plenty of rival car brands making a name for themselves in the world of electric cars, the Fiat 500 is a symbol of timeless elegance.

Overall, with an impressive legacy and a promising future, the Fiat 500 is a well-received car on a global scale. With its timeless appeal, the car is certainly going to be relevant for all generations to come.