In Pictures:  Ferrari’s 250 GTO displayed during the Mondorf Concours d’Elegance in Luxembourg image

Probably the most expensive car in the world, the beautiful Ferrari 250 GTO made his appearance during the Mondorf Concours d’Elegance & Luxembourg Classic Days this weekend in Luxembourg.

This is probably the most expensive car in the world as in 2014, a Ferrari 250 GTO Berlinetta – chassis nr. 3851GT sold for a staggering $38m at Bonham’s Carmel auction in California, while in 2013 a Rosso Corsa painted 250 GTO nr. 5111 GT sold for $52m.

Built between 1962 and 1964, the 250 GTO is a front-engined pure beauty and rarity. It was designed to race in GT competitions, competing at that time with Shelby Cobra or Aston Martin – powered by a  Tipo 168/62 Comp. 3.0 L V12 engine producing about 300 hp.  The body was constructed by Scaglietti, painted in many colors, with the most famous being the bright red “Rosso Cina”.

A very rare Ferrari 250 GTO during the 2015 Mondorf Concours d'Elegance in Luxembourg

A very rare Ferrari 250 GTO during the 2015 Mondorf Concours d’Elegance in Luxembourg

The interior is very basic – there is no speedometer, no carpeting or headliner is present and for ventilation there are some direct-exterior air inlets.

What is interesting is that at that time, FIA regulations for the Group 3 Grand Touring Car racing required at least 100 cars to be produced in order to be able to compete. Ferrari built only 33 cars. So what Ferrari did was to number the chassis in jumps – to suggest cars that did not exist.

In 2013 a Ferrari 250 GTO was solf for more than $50 MIL
In 2013 a Ferrari 250 GTO was sold for more than $50 MIL

In 1962, the first car hit the race track at the 12 Hours of Sebring driven by F1 World Champion Phil Hill.

Arguably no other car has ever balanced outright success and sheer beauty in quite the same way the Ferrari 250 GTO did.