While used car prices are high these days, the inflation rate on the bright red 1962 Ferrari 250 GTO going up for bids this November might just take the cake.
Of course, this is no ordinary sports car. It’s one of just two models raced by Ferrari’s own team before being sold, having raced in the 1962 Le Mans tournament. When it was initially sold in 1964, it fetched about $6,000. When the auction concludes on Nov. 13, it could easily sell for $60 million—and possibly a fair bit more.
