A 1962 Ferrari 250 GTO has become the most expensive car sold at auction after changing owners for a whopping $38,115,000 at Bonhams’ Quail Lodge Auction in Carmel, California. The classic Prancing Horse surpassed the auction record set by a 1954 Mercedes-Benz W196R Formula One race car that sold for $30 million at the 2013 Goodwood Festival of Speed Auction.