Previously, Lamborghini Aventador LP 700-4 wore the crown of world’s most expensive car. It was made of pearls and gems and was auctioned for USD 48 crore.

According to a news agency, Ferrari 250 GTO was bought by an English millionaire. It was auctioned by its owner Paul Pappalardo.

Due to its price range, Ferrari is now being called the ‘Mona Lisa’ of cars. The price range of even the old Ferraris, especially the 1960 and 1950 model, has seen an increment of 15 percent every year.

According to experts, it is impossible for any individual to spend more than USD 5.2 crore on a car. The cars that are sold beyond the range of USD 5.2 crore are generally kept under the wraps.