$35 million 1962 Ferrari GTO becomes world’s most expensive car

The title of "world's most expensive car" lives in the shadows of private transactions; people who can spend tens of millions of dollars on a vehicle often want to keep their purchases out of the limelight. That's not happening with the new record set last month with this car, a 1962 Ferrari 250 GTO meant for race driver Sir Stirling Moss that's been sold for a new record -- $35 million.

According to Bloomberg, the transaction between long-time owner Eric Heerema and American telecommunications magnate Craig McCaw closed last month, based on confirmations from three dealers. It's part of a boon in demand for Ferrari race cars, with several changing hands in recent months, with at least one other Ferrari GTO of the same era selling for at least $30 million.