Why is the 1963 Ferrari 250 GTO so expensive?
The Ferrari 250 GTO Is Extremely Rare During its limited production run between 1962 and 1964, Ferrari produced only 36 GTOs (33 with the original, Series 1 body work), and quite amazingly, all the chassis are still accounted for. Ferrari GTO from 1962 that raced at Le Mans sells for a record $51. Its place in history is undisputed’ The 1962 Ferrari 250 GTO that sold for $51. A 1962 Ferrari 330 LM / 250 GTO by Scaglietti, the coveted Italian coachbuilder, sold for $51. RM Sotheby’s auction Nov.What is the most expensive ferrari of all time? The most expensive ferrari of all time is the 1962 ferrari 250 gto, which sold for a whopping $70 million in a private sale.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.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.
How much is a 1962 Ferrari 250 GTO worth?
Ferrari GTO from 1962 that raced at Le Mans sells for a record $51. Its place in history is undisputed’ The 1962 Ferrari 250 GTO that sold for $51. Ferrari says that the first GTO was the genesis of its supercar series, and while there was no such term back in the 1960s, the 250 GTO certainly deserves to be considered as one of the most technically impressive of its time.By 1966, the GTO had become its own model, cementing its place in muscle car lore. Each year from 1964 through 1967 brought refinements in performance, style, and comfort. And while performance was key, many enthusiasts appreciated the small upgrades that elevated the driving experience.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.
How much is a 1964 Ferrari GTO worth?
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. As a result, Pontiac sold more GTOs in 1966 than any other year—96,946. In 1967, despite its larger 400-cubic-inch engine, sales fell to 81,722.If a consumer wanted to purchase a new 1966 GTO model, the base price for a sports coupe was $2,783 dollars. A hardtop model would have cost the consumer $2,847 and the popular convertible was priced at $3,082 dollars. Pontiac offered great advertising for the GTO models for 1966.Car Life tested a 1965 GTO with Tri-Power and what they considered the most desirable options (close-ratio four-speed manual transmission, power steering, metallic brakes, rally wheels, 4. Rally gauge cluster), with a total sticker price of US$3,643.The value of a 1970 Pontiac GTO can vary greatly depending on its condition, mileage, options, and history. Typically, you can expect to pay around $48,650 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.
How much is a 1966 gto worth today?
Typically, you can expect to pay around $32,117 for a 1966 Pontiac GTO in good condition with average spec. The highest selling price of a 1966 Pontiac GTO at auction over the last three years was $163,500. 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.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.The 2025 Pontiac GTO does not officially exist—it is a fictional concept circulated online through AI-generated images and speculative designs. Despite the excitement among muscle car fans, General Motors has not revived the Pontiac brand or announced any plans to bring back the GTO.
What is the rarest GTO ever made?
The 1972 Pontiac GTO 455 HO Is The Rarest GTO Trim Ever The version in question was the coupe variant, which featured the high-output 455 ci V8, but with the four-speed manual transmission selected. Only ten of the HO 455 cars were built in 1972, with just three of them chosen with the manual gearbox. 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 beautiful coupe’s iconic styling helped it to become an instant classic.
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. GTO. Three letters that can get any Ferrari fanatic’s heart racing. GTO stands for Gran Turismo Omolagato, which loosely translates to Gran Turismo Homolgated, and means that it was a road car made for homologation purposes for GT racing.GTO is very close to GT in terms of meaning. Grand Turismo Omolgato in Italian (Grand Touring Homologated in English) refers to road-racing vehicles. In this case, the additional “O” is added to denote that the cars produced are not one-offs with limited production and public sales.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.