What is the price of Ferrari 250 GTO in Pakistan?
Photos – Ferrari 250 GTO Sold for PKR 15 Billion. 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.Ferrari 250 GTO ($52 Million and $70 Million) With the 4 most expensive Ferraris ever sold all being the same model, even the smallest of differences can lead to massive shifts in value.The value of a 1964 Ferrari 250 GTO SII can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $39,100,000 for a 1964 Ferrari 250 GTO SII in good condition with average spec.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.
Why was GTO discontinued?
Sales dropped to 4,806, partly due to competition from the new Grand Am and the lack of promotion for the GTO. By the end of the model year, an emerging oil crisis quashed consumer interest in muscle cars. With nearly 100,000 units sold within a single year, the 1966 Pontiac GTO is by far one of the most popular muscle cars in history.Even more remarkable, though, was this 1970 GTO convertible. At $1. M, it’s one of the most expensive muscle cars ever sold at auction and the most expensive GTO, period. Well, Pontiac GTO, anyway.
Who owns a 250 GTO?
Altogether, only 36 Ferrari 250 GTO models were ever produced. Each model is currently accounted for, with notable owners over time including the likes of Ralph Lauren, jewelry heir Gianni Bulgari, and the WeatherTech founder and CEO David MacNeil who paid a reported $70 million for his 1963 Ferrari 250 GTO. Four of the older 1962–1963 (Series I) cars were updated in 1964 with Series II bodies. 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.The thing is, the 250 GTO is worth tens of millions today, but it cost Nick Mason a lot less than that. Mason bought his Ferrari 250 GTO in 1977, and he only paid £35,000 for it, or $44,000.The record is held by a 1955 Mercedes-Benz 300 SLR Uhlenhaut coupe sold in 2022 for €135 million to a private collector. On June 1, 2018, it was announced that a 1963 Ferrari 250 GTO had sold for $70 million at a private auction, at the time a world record.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.
What does gto stand for?
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. GTR Stands for Gran Turismo Racing GT-R stands for Gran Turismo – Racing. Gran Turismo translates to Grand Touring. The core elements of the GT-R design are for high performance, luxury experience, and long-distance racing.This ritual is summarized by the three most famous letters ever worn by an automobile: GTO stands for Gran Turismo Omologato, which, loosely translated from the Italian, means homologated (recognized for competition) grand-touring car. Enzo could have christened his car the ultimate, and we wouldn’t quibble.