Record – Fusion Nepal

A 1960s race car that originally cost $18,000 (that’s $151,203.60 in today’s money) shattered records with a nearly $50 million auction sale this weekend.

The valuable 1962 Ferrari 250 GTO, a two-seater coupe, sold at an RM Sotheby’s auction in California for $48.4 million. This is the highest auction price ever for a vehicle. A 2014 auction previously held that title, for a $38 million Ferrari.

Only 36 of the Ferrari 250 GTO were made between 1962 and 1964, making it a rarity and highly desirable for collectors. This particular Ferrari raced in the 1962 Italian GT Championships — and won. The car has a top speed of 174 mph. Read more…

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Hyperloop technology just broke another record.

SpaceX hosted its third Hyperloop Pod Competition on Sunday, and the fastest looping team broke the 240 mph world record set by Richard Branson’s Virgin Hyperloop One last year.

The winning team — a group of students from the Technical University of Munich — got its pod to travel at 284 mph.

“We’re excited to announce that our team WARR Hyperloop is the winner of the 2018 SpaceX Hyperloop Pod Competition!!!!!” the team wrote on its website after the competition. “We’d like to sincerely thank all our sponsors! This journey wouldn’t have been possible without you!” Read more…

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