Is the Ferrari 599 GTO a good investment?
And even though the 599 GTO price is the highest it’s ever been, the GTO is still a solid investment, unlike the standard GTB. There’s a new most-expensive Ferrari and, yes, it’s a 250 GTO. This 1962 example was just sold by RM Sotheby’s for $51,705,000.Limited Production & Rising Value – The 599 GTB was produced in relatively limited numbers compared to modern Ferrari V12s, and well-maintained examples (especially those in Rosso Corsa) are seeing a steady appreciation.Hagerty considers that the ferrari 250 gto is at the pinnacle of collectable cars because it combines so many of the attributes that enthusiasts lust after: a dominant racing record in period; a beautiful and instantly recognisable body; a phenomenal engine; very limited production numbers; and that special prancing .Coupled with weight reduction and revised suspension, the 599 GTO was faster than the Enzo around Ferrari’s Fiorano test track. Of course, all that extra speed does come at a cost. The 599 GTO cost $450,000 when new back in 2010, while the standard GTB was around $300,000.
What does 599 GTO stand for?
On 8 April 2010, Ferrari announced official details of the 599 GTO (for Gran Turismo Omologato). Sealed Drop: 2010 Ferrari 599 GTO ⏳ Launched as the ultimate evolution of the 599 platform, the Ferrari 599 GTO brought track-bred performance from the 599XX into a street-legal package, making it the fastest accelerating Ferrari of its time.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.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.David MacNeil got more than a rare car last year when he spent a reported $70 million to purchase one of only about three-dozen 1963 Ferrari 250 GTOs. He also got a spot on the list of the world’s top 100 car collectors, a list annually compiled by The Collector Car Trust and published in its yearly magazine, The Key.A Ferrari 599 GTO typically fetches anywhere from around $700,000 to over $1 million, depending on its condition, mileage, and market demand. It’s highly sought after among collectors for its performance and limited production.
Is the 599 GTO rare?
Yes, the Ferrari 599 GTO is quite rare. Only 599 units were ever made, adding to its allure among collectors and enthusiasts looking for something special from Ferrari’s lineup. The cheapest current Ferrari is the Roma, and although it might come with a starting price well north of $200K, used models from its debut 2021 model year have fallen under the $190,000 mark.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.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.
What is the BHP of the 599 GTO?
Its engine produces a staggering 661 bhp at 8,250 rpm, with 460 lb-ft of torque at 6,500 rpm. The 599 GTO can sprint to 62 mph in under 3. 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.A heavy-duty three-speed or close- ratio four-speed transmission was optional along with a more powerful Tri-Power engine producing 348 horsepower. The 325 horsepower GTO went from 0-60 mph in 7. Pontiac sold 32,450 Tempests with the GTO package during the 1964 model year.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.The Height of Muscle The GTO quickly gained fame for its robust performance and bold styling. Initial models, debuting in 1964, featured a 389 CID V8 engine that delivered exhilarating power and performance.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. Nearly $20 million separates two 1963 Ferrari 250 GTO models, and that’s due in large part to the shape it’s in.
Why is 599 GTO so expensive?
Because cars like the 599 GTO were ‘limited-edition’. They were only offered to Ferrari’s best customers (who usually have at least 5 Ferraris, including rare classic ones). Ferrari also blacklists any client who buys a limited edition car and then flips it for a quick profit. Base price for the 599 GTO was $416,550. For 2011 Ferrari announced the 599XX Evoluzione, with a restyled aero and exhaust package, as electronic upgrades and racing slicks.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. In 2004, Sports Car International placed the 250 GTO eighth on a list of Top Sports Cars of the 1960s, and nominated it the top sports car of all time.
How much is a Ferrari 599 GTO worth?
A: The average price of a Ferrari 599 GTO is $773,441. Typically, you can expect to pay around $51,475 for a 1970 Pontiac GTO in good condition with average spec. The highest selling price of a 1970 Pontiac GTO at auction over the last three years was $187,000.Some automotive historians have said that 1970 marked the peak for the era of muscle car culture, and the GTO became a true leader within the muscle car category. Pricing for the 1970 Pontiac Judge hardtop was $3,267, and the convertibles sold for $3,492.Typically, you can expect to pay around $40,083 for a 1964 Pontiac LeMans GTO in good condition with average spec. What is the highest selling price of a 1964 Pontiac LeMans GTO? The highest selling price of a 1964 Pontiac LeMans GTO at auction over the last three years was $181,500.