Is there a car worth $1 billion?
We’ve all heard of cars that sell for millions of dollars, and every year prices just seem to climb higher. Does a car exist that is worth a billion dollars? Not quite yet, because apparently even the world’s billionaires have budgets. But there is now a car worth a cool $142. Employees of Ferrari are not allowed to buy Ferrari cars. This policy is in place to maintain exclusivity and prestige for the brand. By limiting ownership, Ferrari ensures that its vehicles remain a symbol of luxury and status, which enhances the allure of the brand.It limits sales of special editions and even custom vehicles to “collectors” who’ve already “invested” in multiple entry-level cars. And finally, if you anger the company, you may find yourself on its infamous blacklist, prohibited from buying any new or certified pre-owned Ferraris.Ferraris from the 1980s and 1990s that have been meticulously maintained with low mileage and few owners can be worth many times more than they were originally sold for. Another unique factor that can cause Ferraris to appreciate in value is not just how many owners they’ve had, but who those owners have been.The most expensive car in the world is the Rolls-Royce La Rose Noire Droptail. Touted as the costliest car ever made at a staggering Rs. Rolls-Royce La Rose Noire Droptail serves as the British luxury car maker’s tribute to automobile craftsmanship. The average collector car value of a Ferrari F40 for sale has climbed to a point where figures near the $2 million mark are not uncommon. For those who are interested in purchasing a Ferrari F40, we have a selection of pristine examples for sale.Unsurprisingly, the most expensive F40s today tend to also be the rarest – the Ferrari F40 LM race cars that competed in IMSA and several other racing series, of which just 19 were produced.
Who owns the $70 million Ferrari?
A GTO did set what was the record for world’s most expensive car ever sold in 2018, when a 1963 model (chassis 4153GT) sold in a private transaction for $70 million to WeatherTech founder David MacNeil. The car debuted with a planned production total of four hundred units and a factory suggested retail price of approximately US$400,000 (fivefold the price of its predecessor, the 288 GTO) in 1987 ($1,110,000 today).