Friday, June 15, 2018

1963 Ferrari 250 GTO = $ 70m

A 1963 example has been sold to an American collector for a rumoured $70 million and breaks the record for a fee paid for a classic car. Why such a premium for this particular Ferrari?

Serial number 4135GT is largely original. It’s also had an illustrious career in motorsport.
In its heyday it chauked up a fourth-place finish at Le Mans in 1963, and won the ten-day Tour de France road rally the following year. It’s raced all over Europe and Africa, before being the prized jewel in several private collections before its latest, record-breaking sale.

See ----->Ferrari 250 GTO
In 2014 a Ferrari 250 GTO sold for a world record price at auction of $38.1 million, though there have been rumors of private sales well above that number. Each time one of the world's most desirable cars comes to auction, it tends to break the price record because the market is rising relentlessly.
In 2016 it was reported there were 2 private sellers asking $57 million for their 250 GTOs. The price for a third being sold by Talacrest was $55.8 million according to the Robb Report. 33 GTOs were made in 1962 and 1963, and in 1964 a "Series II" was introduced. Three such cars were made, and four older "Series I" were given the "Series II" body and three "330 GTO" specials with a larger engine were also made. It brought the total of GTOs produced to 39.