A 1962 Ferrari 250 GTO that was bid to US$48,405,000 at the RM Sotheby’s sale in Monterey, California has become the most valuable car ever sold at public auction, beating the previous record auction price of US$38,115,000 for a 250 GTO.

RELATED: Ferrari 250 GTO auctioned for record price of US$48.4 million Read here ››