<P> This is a list of the most expensive cars sold in auto auctions through the traditional bidding process , that of those that attracted headline grabbing publicity , mainly for the high price their new owners have paid . A 1962 Ferrari 250 GTO serial number 3851GT sold at Bonham 's Quail Auction on August 14 , 2014 for US $38 million ( including buyers premium ) , breaking the record previously held by a 1954 Mercedes - Benz W196 R race car , sold for a record $31 million at an auction in England on July 12 , 2013 . While collectible cars have been sold privately for more , this is the highest price ever paid for a car at a public auction . </P>
<P> This is a list of the most expensive cars sold in auto auctions through the traditional bidding process , that of those that attracted headline grabbing publicity , mainly for the high price their new owners have paid . A 1962 Ferrari 250 GTO serial number 3851GT sold at Bonham 's Quail Auction on August 14 , 2014 for US $38 million ( including buyers premium ) , breaking the record previously held by a 1954 Mercedes - Benz W196 R race car , sold for a record $31 million at an auction in England on July 12 , 2013 . While collectible cars have been sold privately for more , this is the highest price ever paid for a car at a public auction . </P>
what is the most expensive car in existence
what is the most expensive car in existence
A 1962 Ferrari 250 GTO serial number 3851GT
A 1962 Ferrari 250 GTO serial number 3851GT