The 1962 Ferrari 250 GTO Berlinetta has become the most valuable car in history to be sold at auction when it realized US$ 38,115,000 (Rs. 232 crores) moments ago at Bonhams’ Quail Lodge Auction in Carmel, California. Surpassing the current record of the most valuable car sold at auction, which was also set by Bonhams with the 1954 Mercedes-Benz W196 R F1 Racer that sold for US$ 30-million at Bonhams’ Goodwood Festival of Speed Auction last year, the Ferrari GTO had been the subject of intense international interest. Bidders from around the world were in attendance in the audience and on the telephones. The auction pavilion was filled to total capacity with overflow on the lawns watching the happenings live on the numerous television screens. After the start of a passionate bidding war that at times resembled a tennis match, complete with moments of silence interrupted by cheers, the audience erupted in applause when the fall of the gavel confirmed the final price.