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Money, money, money: 1962 Ferrari GTO breaks record for most expensive car sold at an auction

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A new record was set Thursday for the highest price ever paid for a car at auction.

This 1962 Ferrari 250 GTO Berlinetta fetched a winning bid of just over 38 million dollars.

The GTO is one of the only 39  made by Ferrari.

The bid smashed the previous auction record of 30 million dollars paid last year for a 1954 Mercedes-Benz race car.

Following the standard auction rules, the international winning bidder’s name was not revealed.