Thank You, Federal Reserve: Motorcar Sells For $48 I One K Thousand At Auction

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Title : Thank You, Federal Reserve: Motorcar Sells For $48 I One K Thousand At Auction
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Thank You, Federal Reserve: Motorcar Sells For $48 I One K Thousand At Auction



H5N1 1962 Ferrari 250 GTO was sold at RM Sotheby's on Sat black for a tape $48.4 1000000 every bit business office of the Pebble Beach Concours d'Elegance, reports CNBC.

The seller, Greg Whitten, who joined Microsoft inwards 1979 every bit its 15th employee, bought the automobile inwards 2000 for solely $4.8 million.

Even though he sold his GTO, Whitten said he all the same has "about a dozen" other Ferraris too he hopes to buy enough of other classic race-cars.

When asked which had been a amend investment, Microsoft stock or the GTO, he said it depended on the fourth dimension frame. From 2000, when he bought the car, the GTO had been " a far amend investment," because of where Microsoft was trading inwards 2000. But since 1979, "Microsoft was a much amend investment. But the GTO is much to a greater extent than fun," he said.

H5N1 1935 Duesenberg SSJ Roadster too sold Fri at Gooding & Co. for $22 million, breaking the tape for the most expensive American automobile e'er sold at auction.

-RW  



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