The Peterborough Examiner

MARKET INDICATORS You can soon buy stock in Aston Martin:

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A new world record for the most expensive used car:

A 1962 Ferrari 250 GTO, one of only 36 built, recently sold at auction for US $44 million, claimed to be a record for any car. Including the buyers fee, the total came to $48.4 million. The car was sold at RM Sotheby’s annual Monterey collector-car auction in August. Experts predicted the car would sell for as much as US $60 million. The previous record of $38.1 million was set by a similar Ferrari GTO that sold at Bonham’s Auction in Carmel, Calif.

The 105-year-old British producer of fast and luxurious automobile­s will soon launch an Initial Public Offering (IPO) on the London (England) Stock Exchange. The share offering will represent 25 per cent of the company’s estimated US $7 billion valuation. The IPO becomes effective on Sept. 20.

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