Ferrari 250 GTO rumored to have sold for $28.5 million
Click above for high-res gallery of the Ferrari 250 GTO
The going rate for vintage Ferraris seems to be at an all time high, as evidenced by the record sale of a 1961 Ferrari 250 GT California Spyder back in May and the incredible selection of million dollar Ferraris at the RM Auction in Monterey this year. All of those are easily topped, however, by the rumored sale of a Ferrari 250 GTO for an incredible $28.5 million. Not much is known about the actual sale, since many of the high-dollar Ferrari transactions are done through private parties and not necessarily through an auction house. However, the knowledgeable members at FerrariChat.com have it on authority that the sale did happen. If anything, it gave us a chance to put together a huge gallery of 250 GTO photos from various concours and vintage racing events. Enjoy the photos below!
Gallery: Ferrari 250 GTO
All photos Copyright ©2008 Drew Phillips / Weblogs, Inc.
[Source: FerrariChat.com]
Reader Comments (Page 1 of 2)
Gokie 11:44AM (9/17/2008)
One of the most beautiful cars of all time - certainly would be one of the cars at the top of my shoplist if I had infinite disposable income.
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the vegas style guy 11:56AM (9/17/2008)
I'm no tree hugger but I hope whoever bought this car gave the same amount to charity. This is obscene.
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Josiah 12:53PM (9/17/2008)
Vintage car bubble anyone?
I keed, I keed.
Shipey 11:53AM (9/17/2008)
Hands down my favorite car. Ever.
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nighttime 11:55AM (9/17/2008)
We have something in common!
pedantic 12:01PM (9/17/2008)
A 1962 GTO, was $23,000 in 1962 dollars. With inflation, the car would be equivalent to $167,000.
That's quite a profit margin.
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Seminole 1:23PM (9/17/2008)
Dang. I would have a hard choice between one of those or around 95 F430's in every color known to mankind.
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Phil Perman 1:26PM (9/17/2008)
While I don't deny the GTO is a very nice looking car, I wouldn't rate is as the best Ferrari ever like so many other people do. Now the 250 TR 61, theres a car I would pay $28.5m for
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Carlos 1:51PM (9/17/2008)
28.5 million is a ridiculous amount of money for metal and plastics. There is no justification for that price lol. I'd hate to be the person who balls this car up into a wall at a vintage race.
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Lou 4:12PM (9/17/2008)
Tell me about it, who would insure this??? I saw a guy wad up a lightweight E Type at Summit Point a few years ago...I think they had him on suicide watch and that car was probably worth around 125K!!!
Lou 1:52PM (9/17/2008)
There is a really nice GTO replica running around my area. It was created from a Ferrari 330 and is actually quite nice as far as the workmanship is concerned. Or you can pony up 28.5 mil for the real thing...I bet it had a serious competition provenance including some well known period drivers!
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Chris 10:07PM (10/03/2008)
Since you mentioned Summit Point I am guessing your from the DC area, the replica GTO is actually from a PF Coupe s/n 1273 that got chopped up, it really is an incredible replica, one of the best I've seen.
CARLOS 2:17PM (9/17/2008)
only thing more beautiful than that car is the '57 250 TR
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Martman 2:30PM (9/17/2008)
hey when you are worth a couple of billion what is $28 million plus shipping and handeling for a car.
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Modenawest 4:01PM (9/17/2008)
$28.5M + buyers commission is reality of it.
Williamson T57 Atlantic was $30M a few weeks ago. Family turned the legitimate offer down.
The best cars will go up in value that truly are the "icons".
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Qman 5:31PM (9/17/2008)
I've got a stupid question: with a price tag so high, why not dismantle the thing, 3D-scan all parts and use a CNC rig to make exact copies by the bunch? This is 1961 tech, everything is mechanical in it!
Of course a copy would not fetch such an astronomical price, maybe a few hundred K$...
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Valentino Amoro 10:47PM (9/17/2008)
With 1960's tech I would pay 15K for it and not a dime more.
This car looks the same and has better tech and reliability and is brand new.
http://www.factoryfive.com/coupehome.html
What a waste of money.
Artie Lange 6:27PM (9/17/2008)
"The people on Ferrarichat believed it was happening, but I don't
think the rest of the world believed it was happening".
The buyer was almost certainly Russian or Middle Eastern. You can sell those guys anything.
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GDUB 7:22PM (9/17/2008)
Best car evar and if i had it i would have paid 30mil for it. Sex on wheels.
BTW i am not Russian or Middle Eastern.
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Barry 10:27AM (9/19/2008)
Very interesting, but this was reported quite a bit ago. See here:
http://www.sportscardigest.com/archives/1577
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