What is the most collectable Ferrari?
The Ferrari 250 GTO is the holy grail for every Ferrari collector in the world. With only 36 of these cars ever made, they are already ultra rare. But what makes the GTO lineup so coveted is that they have an illustrious racing history and were a very hard car to get. In Italian,Grand Turismo Omolagatois correctly abbreviated as GTO, but in English itshouldhave been Grand Touring Homologation, or GTH. The Ferrari 250 GTO , however, was on the minds of race fans internationally as the Ferrari had experienced a spate of road racing successes in Europe and in the States.Ferrari 250 GTO – $70 million The Ferrari 250 GTO is the holy grail for every Ferrari collector in the world. With only 36 of these cars ever made, they are already ultra rare. But what makes the GTO lineup so coveted is that they have an illustrious racing history and were a very hard car to get.This particular GTO broke all records set by any Ferrari in the past selling for $70 Million to Ferrari collector and founder of WeatherTech, David McNeil in 2018. This 1963 GTO was raced by its previous owner winning the 1964 Tour de France and coming 4 th in the 24 hours of Le Mans.Classic Bugatti models are likely to have fetched $30-40 million in private deals, but David MacNeil now holds the unofficial record for his $70 million Ferrari 250 GTO.
Does Ferrari hold value?
As compared to other exotic car brands, Ferraris tend to hold their value well. Studies have shown that many Ferrari models depreciate at a slower rate than other exotic cars of the same caliber. While some depreciation is expected in the first decade, most models stop depreciating after about 10 years. Rarity and limited production numbers of classic Ferraris are a strong indicator of potential appreciation. For instance, the Ferrari 250 GTO and the F40 have become investment benchmarks, largely due to their particularly limited production.What makes the Ferrari 250 GTOs so incredibly special to command such prices? First, it’s the final evolution of Ferrari’s famous 250 model, the first Ferrari GT Berlinetta with a five-speed gearbox. Second, the 250 is the last great front-engine GT car, as the design evolved to mid-engine.The current record for world’s most expensive Ferrari was set in June 2018 when a 1963 250 GTO (chassis 4153GT) was sold to David MacNeil in a private sale for $70 million.
Which Ferrari will go up in value?
Investment Potential While many cars depreciate over time, certain Ferrari models appreciate, making them a potential investment. Classic and limited-edition Ferraris, in particular, often see significant increases in value, driven by their rarity and historical significance. Value Retention Many vehicles tend to experience depreciation over time — but when it comes to Ferraris, the opposite is often true. Ferrari vehicles tend to hold their value over time, and often even appreciate in value.As compared to other exotic car brands, Ferraris tend to hold their value well. Studies have shown that many Ferrari models depreciate at a slower rate than other exotic cars of the same caliber. While some depreciation is expected in the first decade, most models stop depreciating after about 10 years.Unlike older models, the engines on modern Ferrari models are more durable and longer lasting than ever. With proper care and maintenance, the average Ferrari engine should last up to 100,000 miles or more. In fact, some owners have reported cases of engines lasting up to 150,000 miles.Key Points Ferrari keeps its vehicles exclusive by producing just 1,000 of each model annually. Its operating margin is around 30%, flying high above the rest of the industry. Ferrari looks like a good long-term investment, but it may not set you up for life.
What is the 70 million dollar Ferrari?
The current record for world’s most expensive Ferrari was set in June 2018 when a 1963 250 GTO (chassis 4153GT) was sold in a private sale for $70 million. The most expensive Ferrari of all time is the 1962 Ferrari 250 GTO, which sold for a whopping $70 million in a private sale.