Who owns the $70 million Ferrari?
Classic Motors For Sale In 2018, Chassis 4153 GT, a 1963 Ferrari 250 GTO, was sold in a private transaction for a staggering $70 million, setting the record for the most expensive classic car ever sold. The buyer? David MacNeil, the founder and CEO of WeatherTech, the premium automotive accessories company. 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.
Is a Ferrari a good investment?
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. More than 90% of all ferraris ever produced are still on the road and working. Ferrari has produced more than 300,000 vehicles since 1947, and an astonishing majority remain in working condition.