Most Expensive Car Ever Auctioned Sells for $38M

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Aug. 15 (Bloomberg) -- The most expensive car ever auctioned was sold Thursday night in Pebble Beach, California for a record-breaking $38.1 million. The very-rare Ferrari 250 GTO has sat at the top of the classic-car pyramid for years. Bonhams Group Motoring Director James Knight explains why this car is worth millions. Video by: Alyssa Zahler, Drew Beebe, Justin Beach. (Source: Bloomberg)

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