How much does a Ferrari 250 GTO cost?
The red 1962 Ferrari 250 GTO was expected to fetch anywhere between $45 million and $60 million at auction. While the final bid of $48.4 million is a lot, it's a little underwhelming considering the figure expected of the Ferrari. Perhaps even more impressively, a 1963 Ferrari 250 GTO was also sold in 2018, although privately, for $80 million.
What is the value of a 1963 250 GTO?
In October 2013, Connecticut-based collector Paul Pappalardo sold chassis number 5111GT to an unnamed buyer for a new record of around $52 million. In June 2018, the 1963 250 GTO set an all-time record selling price of $70 million.
What is the difference between a 250 and a GTO?
The "250" in its name denotes the displacement in cubic centimeters of each of its cylinders; "GTO" stands for Gran Turismo Omologata, Italian for "Grand Touring Homologated." Just 36 of the 250 GTOs were manufactured between 1962 and 1964.
How many 250 GTOs are there in the world?
One incredibly lucky collector owns TWO 250 GTOs, so technically there are 32 individual owners of the 33 cars. 1. Chassis#: 3223GT Not much is known about the owners of 250 GTO chassis #3223GT.
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How much is a Ferrari 250 GTO worth today?
The red 1962 Ferrari 250 GTO was expected to fetch anywhere between $45 million and $60 million at auction. While the final bid of $48.4 million is a lot, it's a little underwhelming considering the figure expected of the Ferrari.
Who bought $70 million dollar Ferrari?
Because, during that year, a man named David MacNeil of Chicago, USA, the founder of the automotive accessory manufacturer WeatherTech, bought a silver 1963 Ferrari 250 GTO (chassis number #4293GT) for a jaw-dropping $70 million. The highest price ever paid for a car.
How many 250 GTO are left?
It was the third 250 GTO to ever leave the Maranello production line, though it's widely believed that all 36 examples remain in existence today.
Who owns a 70 million dollar car?
president David MacNeilThis is more than has ever been paid for a car of any type. The buyer of the 250 GTO is WeatherTech president David MacNeil, an avid racing fan and car collector.
What is the rarest car?
25 Rarest Cars in the World and Their Price Tags1961 Ferrari 250 GT California SWB Spider. Estimated value or price: $17.2 million. ... 2009 Koenigsegg CCXR Trevita. ... 2013 Lamborghini Veneno. ... 2017 Pagani Huayra BC. ... 1954 Oldsmobile F-88. ... 1964 Ford GT40. ... 2016 Icona Vulcano Titanium. ... 2013 Pagani Zonda Revolucion.More items...•
What is the most amount of money ever paid for a car?
A 1963 Ferrari GTO was sold for $70 million. It is thought to be the highest price ever paid for a car. Sources said the car was sold by a German collector to David MacNeil, the founder of WeatherTech.
Who owns a 250 GTO?
Three currently own two 250 GTOs, including hedge fund founders Tony and Lulu Wang, (unrelated to U.K.-based owner Brandon Wang), Rob Walton of Wal-Mart, and British businessman Sir Anthony Bamford, who for a brief time once owned the chassis coming up for auction.
How many 250 GTOs are there in the world?
36 250 GTOsFerrari built only 36 250 GTOs (33 of the 1962-design Series I cars and three 1964-design Series II cars, with revised bodywork).
Who bought the 250 GTO?
Among its ranks are the likes of Ralph Lauren, Pink Floyd drummer Nick Mason and British billionaire Lord Anthony Bamford -- the only man ever to own two 250 GTOs.
What is the rarest Ferrari?
Even the Ferrari F40 is positively common with a fleet of 1,311 being built. However, this 1984 Ferrari 328 Convertible (serial number 49543) is the rarest of them all, being the only one in existence.
What's the most expensive Ferrari ever sold?
1963 Ferrari 250 GTO ($52 Million and $70 Million)The red 1963 Ferrari 250 GTO that sold for $52 million in 2013 was raced by Jo Schlesser in 1960. ... In 2018, another Ferrari 250 GTO in silver blue became the most expensive vehicle ever sold at $70.2 million.
How much is the most expensive Bugatti?
$18.7 millionThe most expensive car in the world – officially – is the Bugatti La Voiture Noire. With a price tag of $18.7 million after taxes, the one-off Bugatti La Voiture Noire is officially the priciest new car ever.
Who bought the most expensive Ferrari?
The red 1963 Ferrari 250 GTO that sold for $52 million in 2013 was raced by Jo Schlesser in 1960. Before being sold in 2013, it was owned by Paul Pappalardo, who reportedly restored it and raced it in a number of heritage race series.
Who owns Ferrari 250 GTO?
And in October 2017, Washington, D.C.-based lawyer Bernard Carl sold his blue 1962 Ferrari 250 GTO to British classic car trader and former race driver Gregor Fisken for $44 million.
How much is a 1963 Ferrari GTO worth?
You might not believe this 1963 Ferrari 250 GTO price This 1963 250 GTO went home with its new owner for an eye-popping $70 million (more about that later). And sales numbers like this keep the public intrigued about the comings and goings of these legendary cars.
What is the most expensive car in the world 2022?
A Ride in three of the world's most expensive automobiles for...1963 Ferrari 250 Gran Turismo Omologato (GTO): $70 million. ... Rolls-Royce Boat Tail: $28 million. ... Bugatti La Voiture Noire: $18.7 million.
What is a Ferrari 250 GTO?
Ferrari had never produced a car that, in its own way, was not outstanding, and there was no reason to believe this new vehicle would stand out more than its predecessors. No one could know at the time what we now know about this prototype. When fully developed, it would come to be called the Ferrari 250 GTO—250 for the cubic-centimeter displacement in each of the 12 cylinders, GT for gran turismo, and O for omolagato, the Italian word for homologation. Six Weber carburetors, roughly 300 hp, a new five-speed transmission to replace the four that Ferrari had been using for years, top speed of roughly 175 mph. Nearly 60 years after the debut shakedown at Monza, the GTO has become today the single most coveted automobile ever built, since Karl Benz made the first one in 1896. It was the last of the line of front-engine Ferrari racing cars, and the last Ferrari ever made that was not only a winner on the track, but also an easy-to-handle road car. Today, despite the tepid reaction of the press in the summer of ’61, the GTO consistently tops lists of hottest cars and greatest Ferraris of all time.
How many Ferrari 250 GTOs were made?
Sources often disagree on the number of 250 GTOs built. According to the Ferrari factory, there were 39 total, made from 1962 to 1964. The most money ever paid for any car was more than $70 million, in 2018. It was a 1963 Ferrari 250 GTO. The most money ever paid for a car at auction was $48.4 million, that same year.
What engine did the Ferrari 250 GT SWB use?
The chassis came directly from the 250 GT SWB, but the front-mounted engine had been moved lower and more midship, closer to the cockpit. The motor was the proven 3.0-liter V-12 from the Le Mans-winning Ferrari 250 Testa Rossa, the engine that more than any other had earned Ferrari a reputation for sophistication and victory. Enzo once said of this powerplant, “All we wanted to do was to build a conventional engine. Only one that would be outstanding.” Its 12 cylinders were the diameter of silver dollars and revved at such high rpm that the motor had become known—more than any other that had ever been built—for its song as well as its performance.
Who won Le Mans in the GT class?
Guichet won Le Mans in the GT class (second overall) in the car’s debut at the Circuit de la Sarthe, and the following year he won the Tour de France and the Six Hours of Dakar in the GTO. “The GTO is one of the most beautiful racing cars ever made,” he recalls. “Fast and one of the only multi-purpose racing cars.
Is the GTO the greatest song of all time?
But in the car world, the GTO has become the Greatest of All Time. The GOAT. And this fact is quantifiable, far and away, in dollars and cents.
Is it illegal to reproduce a Ferrari 250 GTO?
Last summer, the Italian courts ruled that the Ferrari 250 GTO was in fact a piece of art, and thus it is now illegal to replicate or reproduce it.
Who was the lead engineer on the GTO?
Eight key men walked off the job in what is now known as the “Palace Revolt.”. Among the departed was Giotto Bizzarrini, the lead engineer on the GTO (shortly after, Bizzarrini was hired by a tractor maker in nearby Bologna named Ferruccio Lamborghini to build a V-12 for his first car).
Who owns 250 GTOs?
Among its ranks are the likes of Ralph Lauren, Pink Floyd drummer Nick Mason and British billionaire Lord Anthony Bamford -- the only man ever to own two 250 GTOs.
How much did the 1963 Ferrari 250 GTO sell for?
Iconic 1963 Ferrari 250 GTO sells for a record $70 million. Written by Jared Paul Stern, CNN. Chances are you've never heard of David MacNeil, but the WeatherTech founder and CEO has just joined one of the most exclusive clubs on Earth after paying a reported $70 million for a Tour de France-winning 1963 Ferrari 250 GTO.
How many cars are there at Art Basel?
The Grand Basel events will feature around 200 carefully curated cars representing the best of past, present and future design. The vehicles will come from an invitation-only list of dealers and brokers equivalent to the high-end galleries and contemporary art nabobs who offer work to well-heeled patrons at Art Basel.
What is a GTO?
The GTO was the ultimate form of Ferrari’s classic 250-class cars. Arguably the most collectable car in the world, Ferrari’s 250 GTO was a race car the Italian manufacturer built between 1962 and 1964 to compete in the FIA’s Group 3 Grand Touring Car racing category.
How much did the 3413 GT sell for?
Chassis #3413GT sold in August 2018 for US$48,405,000 which set a new record for the most expensive car sold at a public auction. Chassis #5111GT sold in 2013 for US$52,000,000, while a ’63 GTO set an all-time record in June 2018 with its reported US$70,000,000 sale price.
How much did a GTO 250 sell for?
Just this past August, a 250 GTO set the world auction record when it sold for $38 million. That broke the previous record by $8.5 million (a 1954 Mercedes). There are unconfirmed rumors that secretive Spanish collector paid $52 million for a GTO in a November 2013 private sale. $52 million. For one car.
How many Ferrari 250 GTOs are there?
There Are 36 Ferrari 250 GTOs In The World. Here's A Definitive List Of All The Lucky Owners | Celebrity Net Worth
How many 330 GTOs are there?
And to make matters even more confusing, in 1964 Ferrari also produced a car called the 330 GTO that had the same exact body and chassis as the 250 GTO but a different engine. A total of three 330 GTOs produced, but the first 330 was scrapped by the factory to build the second one, so there are technically only two 330 GTOs left in the world. I so far have not been able to figure out who owns these two extremely rare vehicles. Please let me know if you have any tips!
What is the most expensive car ever sold at auction?
Remember in the opening paragraph how we mentioned that the Ferrari 250 GTO is the most expensive car ever sold at auction? Chassis#: 3851GT sold on August 14, 2014 for $38,115,000. This specific 250 GTO was originally built to compete in the 1962 3-liter FIA GT World Championship series. Unfortunately, months before that event took place, the car crashed during a different race. The driver was killed and the car was badly damaged.
What cars does Greg Whitten own?
He reportedly owns dozens of cars including a Ferrari F40, F50, Enzo, 275 and of course a 250 GTO.
How much did a GTO cost in 1975?
Over the next several decades, GTO prices fluctuated from an all-time low of $2500 in 1969, to $48k in 1975, $180k in 1980, $300k in 1983, $500k in 1984, to $650k in 1985. One year later, a GTO broke $1 million for the first time. In 1989, a GTO sale broke $10 million for the first time.
How many GTOs were made in 1962?
Between 1962 and 1964, Ferrari produced a grand total of 36 250 GTOs. They were originally built to compete at the 24-Hour Le Mans and other high profile European races. Subsequent models were sold to consumers with a base price of $18,500. That's the equivalent of $145,000 today.
How much did the 1962 Ferrari 250 GTO sell for?
Even then, the famous Ferrari didn't meet its minimum price estimate. A 1962 Ferrari 250 GTO sold at auction for $48.4 million on Saturday night, successfully breaking the world record for the most expensive car ever to be sold at auction. The pristine Prancing Horse sold at the RM Sotheby's auction in Monterey, California, ...
Who drove the 250 GT?
It was driven in the 1962 Targa Florio by reigning Formula 1 world champion Phil Hill , and in the hands of Gianni Bulgari the following two years.
Ferrari GTO 250 Design
The Ferrari GTO 250 was designed to meet the requirements of the Group 3 GT Racing that included sports car racing and rallying events. The Chief engineer Giotto Bizzarrini was the leader for the development of 250 GTO.
Ferrari GTO 250 Interior
The interior of the Ferrari GTO 250 was developed with a minimalist design to enhance its racing ability. There was no speedometer, no carpeting, no headliner, and the seats were cloth-upholstered.
Prototypes
There were two prototypes introduced for the Ferrari GTO 250; the 1961 Ferrari 250 GT Le Mans Berlinetta Sperimentale and the second prototype manufactured from a donor car.
Ferrari GTO 250 Variants
Some variants of the Ferrari GTO 250 were manufactured as the Ferrari instructed Mike Parkes and Mauro Forghieri to redesign the 250 GTO’s bodywork in 1964. This change resulted in the introduction of GTO ‘64 also known as Series II.
Ferrari GTO 250 Racing Performance
The Ferrari GTO 250 initiated racing in the year 1962 when an American Phil Hill and Belgian Olivier Gendebien used it in the 1962 12 Hours of Sebring. These racing pair finished second in the race behind the Testa Rossa of Bonnier and Scarfiotti.
Ferrari GTO 250 Price
The new Ferrari GTO 250 was priced at $18,000 in the United States however, the pricing fluctuated due to the automobile market crash and various other circumstances.
FAQs
The new Ferrari 250 GTOs were priced at $18,000 in the United States however, the price fluctuated due to various reasons. The 250 GTO created a world record as it was sold for a price of $70 million in a private sale in June 2018.
How much does a Ferrari 250 GTO cost?
Since most of these are a part of motorsport history, they can sell for up to $50 million today.
How many Ferrari 250 GTO examples are there?
Despite such a small production run, all 36 Ferrari 250 GTO examples remain today. This is particularly impressive given their existence as racing machines back in the 1960s. Given their massive value today, it is likely that none of these cars will ever be considered “totaled.” Even if one is involved in a massive accident, it makes sense to repair and restore them from a money standpoint.
What year did Pink Floyd use a Ferrari 250?
That’s because CarScoops reports that Mason used his Ferrari back in 1987 as collateral to fund the band’s tour for its album “A Momentary Lapse of Reason.”
How much did a Ferrari cost in the 1960s?
If you wanted one of these cars back in the 1960s, you needed to main things. The first was $18,000 since that was the car’s MSRP in the U.S. In today’s money, we’re talking about around $156,000. The second important item was company founder Enzo Ferrari’s approval since he didn’t sell cars to anyone.
Is the Ferrari 250 GTO loud?
Aside from featuring a Ferrari 250 GTO, Johnson’s latest YouTube video also gives us a glimpse at the friendship shared between two legends. Since the car itself is quite loud, you don’t get to hear much of their conversation. Regardless the smiles on their faces tell all as they take this ultra -rare Ferrari out.
What is the underside of a 250 GTO?
The underside of the car was covered by a belly pan and had an additional spoiler underneath formed by the fuel tank cover. The aerodynamic design of the 250 GTO was a major technical innovation compared to previous Ferrari GT cars, and in line with contemporary developments by manufacturers such as Lotus.
What year was the Ferrari 250 GTO?
Ferrari 250 GTO. This article is about the 1962–1964 GT racing car. For the 1984–1986 Group B racing car, see Ferrari 288 GTO. The Ferrari 250 GTO is a GT car produced by Ferrari from 1962 to 1964 for homologation into the FIA 's Group 3 Grand Touring Car category.
How many GTOs were made in 1964?
Just 36 of the 250 GTOs were manufactured between 1962 and 1964. This includes 33 cars with 1962-63 bodywork (Series I) and three with 1964 (Series II) bodywork similar to the Ferrari 250 LM. Four of the older 1962-1963 (Series I) cars were updated in 1964 with Series II bodies.
What engine does the Ferrari 250 GTO use?
It was powered by Ferrari's Tipo 168/62 Colombo V12 engine .
How much does a Ferrari 250 cost?
When new, the 250 GTO cost $18,000 in the United States, with buyers personally approved by Enzo Ferrari and his dealer for North America, Luigi Chinetti. This model has since become highly desired by automobile collectors and sales have repeatedly set price records. The current record for world's most expensive car was set in June 2018 when a 1963 250 GTO (chassis 4153GT) was sold in a private sale for $70 million.
When did Ferrari stop racing the 250 GTO?
The 250 GTO gradually passed into obsolescence following the 1964 season. Scuderia Ferrari withdrew the 250 GTO from its racing activity by 1965, leaving only a few independent teams and private owners to campaign it in endurance races, rallies and hillclimbs.
Why was the Ferrari 250LM redesign?
This redesign was intended to maintain the GTO's competitiveness for one more year, as the FIA decided to not approve the 250 LM for GT-class racing during the 1964 season. The Ferrari engineers incorporated many of the 250LM's aerodynamic features into the 1964 GTO.
Some of Its Best Specs
- Ferraris come equipped with some of the best engine and exhaust noises in the business. Underneath the hood of the 250 GTO is a 300 hp 3-liter V12 engine that had the power to stick drivers to the back of their seats. This engine was already track-proven and is the same one fou…
How Much The 1962 Ferrari 250 GTO Costs in Today's Money
- When you think of how much the 1962 Ferrari 250 GTO can fetch at auction, it makes you wish you had a time machine to go back and buy one. In 1962, the Ferrari 250 GTO would set new buyers back $18,000 from the factory. Adjusted for inflation, that price is now $​​163,053, which is still way below the value at auction for the 250 GTO. Considering the 1962 Ferrari 250 G…
Production History of The Ferrari 250 GTO
- The reason the Ferrari 250 GTO is such an expensive car is because of how few were made by the Italian manufacturer. Just 36 were manufactured in a short production run from 1962 to 1964. These sports cars were designed for the track, racing as part of the FIA's Group 3 category. That design afforded the Ferrari 250 GTO an impressive pedigree on the track during its heyday. Victo…