The most expensive cars ever: Ferrari sells for $38m

A 1962 Ferrari 250 GTO Berlinetta sold overnight for a record $38,115,000 (£22,528,626) at the prestigious Bonhams Quail Lodge Auction held during Monterey Car Week.

At a stroke, the Ferrari has become the most valuable car in the world, overtaking the 1954 Mercedes W196 R F1 Racer which sold for $30m at an auction at the 2013 Goodwood Festival of Speed.

THE TOP TEN MOST EXPENSIVE CARS IN THE WORLD - Part 2

7. Ferrari La Ferrari $1.3M

Italian for ‘the Ferrari,” the Ferrari the Ferrari’s name might be a bit silly. But the everything else is absolutely spectacular.

In true Italian fashion, at the heart of this stallion is a V12. By itself, this mighty heart pumps out 789 horsepower. But if you hit the defibrillator and electrocute that sucker, with the Kinetic Energy Recovery System (KERS), you can get up to 950 hp.