Why is the Ferrari GTO so expensive?
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 . 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.Experts believe his 1965 Ferrari 275GTB/C Speciale could be the single most valuable car in the world. If it ever goes to auction, we might see sheiks and oligarchs jockeying the price toward a record-breaking $100 million.Ferrari 250 GTO ($52 Million and $70 Million) Before being sold in 2013, it was owned by Paul Pappalardo, who reportedly restored it and raced it in a number of heritage race series. In 2018, another Ferrari 250 GTO in silver blue became the most expensive vehicle ever sold at $70.While 3765 is now the most expensive Ferrari ever to sell at auction, another 250 GTO holds the record for most expensive Ferrari ever sold. Renowned car collector David MacNeil, founder and CEO of automotive floor-mat company WeatherTech, bought chassis number 4153 GT for $70 million in 2018.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.
What is the cheapest Ferrari?
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. What do you get with the Roma? Typically, you can expect to pay around $2,550,000 for a 1985 Ferrari 288 GTO in good condition with average spec.
How many Ferrari 250 GTO exist?
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. Chances are you’ve never heard of David MacNeil, but the WeatherTech founder and CEO has just joined one of the most exclusive clubs on Earth after paying a reported $70 million for a Tour de France-winning 1963 Ferrari 250 GTO.
What does GTO mean in Ferrari?
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. 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.