Jump to content



Photo

World's most expensive car -- Ferrari 250 GTO

italy auction record price incredible rarity investors

  • Please log in to reply
18 replies to this topic

#1 Hum

Hum

    totally wAcKed

  • 62,092 posts
  • Joined: 05-October 03
  • Location: Odder Space
  • OS: Windows XP, 7

Posted 04 October 2013 - 12:59

In February 2012, a 1964 Ferrari 250 GTO became the most expensive car ever sold, fetching a staggering $32 million. Then, just a few months later, a 1962 GTO, built for the legendary Sir Stirling Moss, eclipsed that record selling for $35 million. But in the world of Ferraris, GTOs, and incredibly affluent, unidentified buyers, a $35 million GTO is now a relative steal. That's because a 1963 Ferrari 250 GTO has just sold for $52 million according to Bloomberg, snatching the record as the latest "most expensive car ever sold."

With just 39 in existence, the 250 GTO still boasts incredible rarity. And its racing heritage, built to compete in the Le Mans 24-Hours, combined with its timeless good looks, makes the GTO hold unprecedented allure amongst investors. Adding to the mania, private sales tend to fetch more than public auctions.

 

But the 250 GTO has become somewhat of a status symbol, being deemed an item that defines a collection — and hence defines the owner. The latest record-breaking GTO, bearing chassis number 5111, won the 1963 Tour de France road race with Jean Guichet at the helm, and was owned by American collector Paul Pappalardo.

more

Attached Images

  • 52milferrarigto.jpg



#2 tsupersonic

tsupersonic

    Neowinian Senior

  • 6,516 posts
  • Joined: 30-September 06
  • Location: USA
  • OS: Win. 8.1 Pro. x64/Mac OS X
  • Phone: iPhone 5S/Nexus 5

Posted 04 October 2013 - 13:02

I saw this a couple days ago. I don't see the hype for the Ferrari 250 GTO (let alone any other Ferrari). 



#3 Praetor

Praetor

    ASCii / ANSi Designer

  • 2,653 posts
  • Joined: 05-June 02
  • Location: Lisbon
  • OS: Windows Eight dot One dot One 1!one

Posted 04 October 2013 - 13:05

the GTO is really a nice looking car...for me the best looking Ferrari is the F40: timeless design, bold and simply stuning! And the fact that i say a Le Mans edition when i was young, near a marina, at night, it was like heaven.

picture.php?albumid=1244&pictureid=24395



#4 tsupersonic

tsupersonic

    Neowinian Senior

  • 6,516 posts
  • Joined: 30-September 06
  • Location: USA
  • OS: Win. 8.1 Pro. x64/Mac OS X
  • Phone: iPhone 5S/Nexus 5

Posted 04 October 2013 - 13:09

^ The F40 is awesome, probably my most (and only) favorite Ferrari. 



#5 exotoxic

exotoxic

    Neowinian Senior

  • 2,141 posts
  • Joined: 04-April 04
  • Location: England

Posted 04 October 2013 - 13:33

If i had that amount of money to spend i would just have it crushed and film it in 4k :woot:



#6 OP Hum

Hum

    totally wAcKed

  • 62,092 posts
  • Joined: 05-October 03
  • Location: Odder Space
  • OS: Windows XP, 7

Posted 04 October 2013 - 13:36

$52 million for one car -- someone needs their head examined. :wacko:



#7 Night Prowler

Night Prowler

    Root Access

  • 1,063 posts
  • Joined: 26-August 01
  • Location: Wilmington, NC

Posted 04 October 2013 - 13:52

$52 million for one car -- someone needs their head examined. :wacko:

 

This is what the world is coming too. The rich just keeps getting richer and this type of behavior is what's it's all about for them. 



#8 DocM

DocM

    Neowinian Senior

  • 16,959 posts
  • Joined: 31-July 10
  • Location: Michigan

Posted 04 October 2013 - 14:52

A coworker of mine back in the 70's.had a 365 GTB/4 Daytona - 190mph without breathing hard. We had a ton of fun with it back in those days. Of course then you could get a Porsche 911 or Ferrari 246 Dino for <$15k.

#9 Growled

Growled

    Neowinian Senior

  • 41,508 posts
  • Joined: 17-December 08
  • Location: USA

Posted 04 October 2013 - 15:09

 

With just 39 in existence....

 

No wonder it costs so much. That's a very exclusive club.



#10 tsupersonic

tsupersonic

    Neowinian Senior

  • 6,516 posts
  • Joined: 30-September 06
  • Location: USA
  • OS: Win. 8.1 Pro. x64/Mac OS X
  • Phone: iPhone 5S/Nexus 5

Posted 04 October 2013 - 15:10

No wonder it costs so much. That's a very exclusive club.

There are cars out there in less volume, and cost WAY less. It's just overvalued. 



#11 Mike

Mike

    Neowinian Senior

  • 3,122 posts
  • Joined: 11-August 02

Posted 04 October 2013 - 15:19

$52 million for one car -- someone needs their head examined. :wacko:

 

It's less of a car and more of an investment... one of the few cars that won't lose value.



#12 Growled

Growled

    Neowinian Senior

  • 41,508 posts
  • Joined: 17-December 08
  • Location: USA

Posted 04 October 2013 - 15:45

There are cars out there in less volume, and cost WAY less. It's just overvalued. 

 

Maybe it is overvalued but the value keeps increasing so it seems like a good investment.



#13 AsherGZ

AsherGZ

    Neowinian Senior

  • 1,580 posts
  • Joined: 30-June 11
  • Location: Karachi, Pakistan
  • OS: Windows 8.1 Pro x64
  • Phone: Lumia 820, 520

Posted 04 October 2013 - 16:41

Are you serious? I wouldn't take that ugly piece of crap for free. :s



#14 adrynalyne

adrynalyne

    Neowinian Senior

  • 2,125 posts
  • Joined: 29-November 09

Posted 04 October 2013 - 16:57

Are you serious? I wouldn't take that ugly piece of crap for free. :s

Yes you would, if for no other reason than to sell it and retire.



#15 Charisma

Charisma

    e-1337-ist

  • 4,534 posts
  • Joined: 02-May 10
  • Location: Galactic Sector ZZ9 Plural Z Alpha

Posted 04 October 2013 - 16:59

Gorgeous piece of kit, that :D  would never pay that money for it but I'd sure like to go for a spin in one some day!