Stirling Moss’ 1962 Ferrari 250 GTO becomes world’s most expensive car

Stirling Moss' 1962 Ferrari 250 GTO becomes world's most expensive car

A 1962 Ferrari 250 GTO has recently become the world’s most expensive car after being sold for $35 million, Bloomberg reports. The record-breaking price trumps the previous princely sum of $32 million paid for a 1964 Ferrari 250 GTO back in February, and the $30-34 million paid in 2010 for a 1936 Bugatti Type 57SC Atlantic.

On top of setting the world’s record for most expensive car, the 1962 Ferrari 250 GTO also has the honorary distinction of being built specifically for British racing legend Stirling Moss. Despite the fact that Moss never actually raced the classic Ferrari (his career was tragically cut short after a crash in 1962 left him in a coma for a month), the car carries a respectable racing pedigree – having won a number of races in its day. The $35 million 1962 Ferrari 250 GTO features a distinct lime-green livery and is one of 39 examples built between 1962 and 1964.

Interestingly the car’s title has passed hands on more than one occasion with the latest owner, U.S.-based classic car collector Craig McCaw, purchasing it from Dutch-born businessman Eric Heerema, owner of Nyetimber vineyard in Sussex, southern England. Heerema, who purchased the green GTO nearly a decade ago for $8.5 million, will no doubt be pleased with the return on his investment.

And although spending a small fortune on a single car is likely out of reach for the vast majority of us, we can’t see McCaw hurting over his $35 million purchase either. McCaw was the co-founder McCaw Cellular, which he later sold to AT&T for cool $11.5 billion back in 1993.

In what could be credited as a clear testament to Maranello’s excellence in engineering, Stirling Moss’ 1962 250 GTO is but one of many big-ticket Ferrari’s sales to go through private transactions during the last two months. A Ferrari 250 Testa Rossa in which U.S. driver Phil Hill won the 1958 Le Mans 24-Hour race was recently sold by French collector Pierre Bardinon for about $25 million, while a Ferrari 250 GTO bought by U.K. television host Chris Evans for a handsome $18 million in 2010 was recently said to have sold somewhere in the region of $25-29 million. 

Cars

This hydrogen-powered Chevrolet Silverado looks like it’s straight out of Halo

General Motors' defense division has released video footage of a rugged, Halo-like truck called Silverado ZH2. The pickup is powered by the next evolution of GM's hydrogen fuel cell drivetrain.
Movies & TV

The best new movie trailers: ‘Buster Scruggs,’ ‘Missing Link,’ ‘Mowgli’ and more

Everyone loves a good trailer, but keeping up with what's new isn't easy. That's why we round up the best ones for you. This week, it's new trailers for The Ballad of Buster Scruggs and Mortal Engines, and the first trailer for Missing…
Cars

Ambitious but not rubbish: The best 'Top Gear' episodes

Since its relaunch in 2002, 'Top Gear' has become required viewing for any serious gearhead. The great moments from this show may seem too numerous to count, but we've managed to pick some of the highlights from the first 25 seasons.
Home Theater

The best Dolby Atmos movies for your home theater sound as good as they look

If you've got your hands on some sweet Dolby Atmos gear, the next step is to find films that take advantage of it. These are our picks in every genre for the best Dolby Atmos movies currently available on Blu-ray and streaming services.
Cars

Honda HR-V vs. Honda CR-V: The differences explained

The Honda HR-V and CR-V may overlap in some regard, but they're not the same vehicle. In this comparison, we highlight the design, technology, performance, and fuel economy unique to each ride.
Mobile

Google Maps tests feature that will help drivers avoid crashes, speed traps

Google Maps is testing a feature that lets drivers report crashes and speed traps so the app can plan efficient routes for others in the area, or warn of upcoming hazards. Waze, which Google owns, already offers such a feature.
Cars

Tesla appoints Robyn Denholm as chair, Elon Musk steps down

Tesla co-founder and CEO Elon Musk agreed to step down from his role as chairman as part of a settlement deal with the SEC. Tesla has named a 55-year-old Australian businesswoman named Robyn Denholm as his successor.
Cars

Ares turns the Tesla Model S into a two-door roadster with Italian flair

Italian coachbuilder Ares has done what Tesla won't. It's taking a Model S, chopping off the roof, and sending the rear doors back to the parts bin to create a roadster that's ready for the French Riviera.
Cars

Ford buys scooter-sharing service Spin as it looks to expand beyond cars

Ford has acquired San Francisco-based scooter-sharing company Spin. The Blue Oval believes mobility services like scooter sharing can complement its existing car business going forward.
Cars

Bosch, Daimler team up to deploy autonomous Mercedes-Benz S-Classes in San Jose

In 1986, when Bosch and Daimler joined an autonomous car research project, the technology seemed overly futuristic. Now, the partners are aiming to make a production self-driving car by the early 2020s.
Cars

Thinking of driving for Uber? These cars are safe, comfy, and fuel-efficient

Uber is a viable means for making money on the side, but you won't earn much if all of your profits are going direct toward fuel and maintenance. Thankfully, these five cars are a perfect fit for those looking to shuttle passengers from…
Cars

Camaro vs. Mustang: Differences and similarities between two premier pony cars

The Chevrolet Camaro and the Ford Mustang are two of America's favorite sports cars. In this comparison piece, we highlight the main differences between the two machines when it comes to their design and performance, among other factors.
Cars

Roborace wants human drivers and machines to work together

Roborace believes the future of racing is autonomous, but it's keeping human drivers in the picture for now. For its first race season, Roborace will use a car called DevBot 2.0 that can be driven by humans or machines.
Emerging Tech

Awesome Tech You Can’t Buy Yet: 1-handed drone control, a pot that stirs itself

Check out our roundup of the best new crowdfunding projects and product announcements that hit the web this week. You may not be able to buy this stuff yet, but it sure is fun to gawk!