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(Bloomberg) -- Another year, another trophy to test millionaires’ desires for classic Ferraris.

A red 1962 Ferrari 250 GTO will be auctioned in August during the annual Pebble Beach Concours d’Elegance motoring week in California. The car is being offered by RM Sotheby’s, which estimated it at more than $45 million, the highest valuation ever for a vintage auto at auction.

To read more on Bloomberg:

https://www.bloombergquint.com/pursuits/2018/06/20/a-rare-ferrari-250-gto-may-fetch-record-45-million-at-auction

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