1962 GTO sells for $35 Million

[Dipsomaniac]

Originally Posted by Prancing 12

Octane Magazine did a feature on the most valuable cars in the world a couple years back. They concluded Moss' 722 was at the top of the heap. The others here -

7 - Boeing Lunar Roving Vehicle’

From - Octane's 25 Most Valuable

not that it's attainable (retrievable yet), but I would have thought the only vehicle to have been driven by man on a celestial body other than earth would be worth more than any mere mortal vehicle.

[wbaeumer]

Originally Posted by merstheman

The Mini was more iconic under his ownership than the others. His (and some of the other Beatles) owning one was an important reason for the car to be considered cool & accepted with the youngsters.

If both, the Mini of George Harrison and the RR of Lennon would come for sale the McLaren F1 would make more cash than those Beatles cars!

[ClassicFerrari]

Ok so I gotta be the one to ask....

Who bought this car!?

[Jedi]

Originally Posted by ClassicFerrari

Ok so I gotta be the one to ask....

Who bought this car!?

Go back and actually READ the first post



Jedi

[ClassicFerrari]

Originally Posted by Jedi

Go back and actually READ the first post



Jedi

Doh! I should give myself a three day ban for that one. Thx Jedi

[S Brake]

Any idea which GTO has the most miles?

[Jedi]

Originally Posted by S Brake

Any idea which GTO has the most miles?

Mine!!!!






Ok... I don't own a GTO. But if I did, it WOULD have the most miles



Jedi

[Prancing 12]

Originally Posted by cheesey

that list is only a sampling ( from year 2010 ) of relative pricing / value of notable cars... values ranging from L30,000,000 for the Mercedes to a L1,000,000 for the Lotus... it makes no attempt to be all inclusive or difinitive, but rather serve as a guide to measure the possible value of one's favorite cars

That's true, but I think the cars higher on the list are accurately placed, with individual examples maybe jockeying for position amongst each other...

[ClassicFerrari]

Originally Posted by S Brake

Any idea which GTO has the most miles?

No expert by any means so I don't know for sure, but this question reminds me of Violati's GTO. I read a great article about how he'd daily drive his GTO everywhere. Even with his dog by his side

[Sports Car Digest]

Tim Scott spent a day with 3505GT at last year's Quail Rally. Here is his article with lots of photos of the GTO.

http://www.sportscardigest.com/ferra...th-the-legend/

[Atombender]

If we go after race history, how does a podium at Le Mans compare to an overall victory at a "lesser" race like Targa Florio, Tourist Trophy, Tour de France or 12h Sebring?

We all know that Le Mans is the ultimate test and 3705GT's 2nd place and 3757GT's 3rd place in '62 still stands out for me plus both cars also have tons of solid hillclimb finishes.

[thecheddar]

I do love any opportunity to gaze at a genuine GTO (and especially a non-red one!). However, the context of its current coverage -- the price tag -- is a little disappointing.

My uncle (and his childhood friend who has rebuilt many forum members' cars over the decades) was the one who stoked my interest in vintage Ferraris as a kid. Gazing at a garage filled with historic racers being serviced has that effect on a boy. Coincidentally, he also turned me on to the art of the 20th Century masters, which I'm nearly as enthusiastic about. Sadly, I think the current price reported here (and the other grossly inflated ones of recent auctions) is a reminder that vintage Ferraris and 20th Century art have officially ceased to become "cars" or "art" and crossed definitively over to "assets."

IMHO, a $35 million valuation is a truly obscene amount for a car, regardless of importance. But so too is that much for a painting and that number in art hasn't been uncommon at all for years. At this level though, I fear it ceases to be a car or painting and becomes something to invest in when you've run out of things to invest in: More fun than a pile of gold, surely, but definitely more a part of one's portfolio than their garage.

I've no doubt that McCaw will enjoy and share his new car thoroughly, as he has with others. But given the tag upon it (and other Ferraris of late), I think it's only a matter of time before all the early F-cars are rendered to museums and billionaires' balance sheets, not the streets for which they were built.

Like the Picassos I used to look at with my Uncle, the $100 million GTO is no longer unthinkable, yet I don't think our little hobby is the better for it.

2¢ of Cheddar.

[Atombender]

Originally Posted by ClassicFerrari

No expert by any means so I don't know for sure, but this question reminds me of Violati's GTO. I read a great article about how he'd daily drive his GTO everywhere. Even with his dog by his side

I remember an article in the now defunct Auto Becker magazine about his museum in San Marino and he mentioned that for several years he drove the car every day to his office and back, just like one would do in any other car. He was also a huge Abarth fan.

[miurasv]

You Tube

You Tube

[JazzyO]

Originally Posted by thecheddar

I've no doubt that McCaw will enjoy and share his new car thoroughly, as he has with others. But given the tag upon it (and other Ferraris of late), I think it's only a matter of time before all the early F-cars are rendered to museums and billionaires' balance sheets, not the streets for which they were built.

Like the Picassos I used to look at with my Uncle, the $100 million GTO is no longer unthinkable, yet I don't think our little hobby is the better for it.

2¢ of Cheddar.

Sorry, but that just doesn't fit with reality. 250GTO's cleared the $million barrier 30 years ago. 30 years they have been assets already, much more than just a car. Nevertheless, I see a real GTO at least once every year, quite often drifting on 4 wheels, practically doorhandle to doorhandle. To suggest that suddenly this will change because they sell for $35million instead of $25 million or 10 million is just not logical.

There will always be owners like Mason and Bamford who use their cars, and there will always be owners like Lauren who only display their cars as static objects, or others who will not display them. it is like that with every valuable model out there.

Onno

[DAYTONASME]

Originally Posted by JazzyO

Sorry, but that just doesn't fit with reality. 250GTO's cleared the $million barrier 30 years ago. 30 years they have been assets already, much more than just a car. Nevertheless, I see a real GTO at least once every year, quite often drifting on 4 wheels, practically doorhandle to doorhandle. To suggest that suddenly this will change because they sell for $35million instead of $25 million or 10 million is just not logical.

There will always be owners like Mason and Bamford who use their cars, and there will always be owners like Lauren who only display their cars as static objects, or others who will not display them. it is like that with every valuable model out there.

Onno

+1 Onno, and long may it continue at the Goodwood Revival and elsewhere..

A long-time former GTO owner once said to me,"If I "crunch" this, you do realise its not going to cost me any more to repair than your 330 GT"....wise words, and a good enough reason alone to keep racing them.

Ed

[4rePhill]

Originally Posted by Dipsomaniac

I was surprised to read that as well .. he had coveted the GTO for such a long time I figured he'd take it to the grave with him. I guess getting married & having a kid must change things

According to AOL's Huffingtonpost site:

Another seller is Chris Evans, with the radio presenter understood to have sold his Series II Ferrari 250 GTO for around $28 million (£18mM) - a $10 million (£6.5m) profit in just two years.

Evans is thought to have sold the GTO to help fund a more expensive Series I.

How accurate that information is though, I'm not sure.

[430 scuderia]

Ok, maybe it is sounds silly but the only think that i don't like on the is the colour....!

Best

[VIZSLA]

Originally Posted by JazzyO

Sorry, but that just doesn't fit with reality. 250GTO's cleared the $million barrier 30 years ago. 30 years they have been assets already, much more than just a car. Nevertheless, I see a real GTO at least once every year, quite often drifting on 4 wheels, practically doorhandle to doorhandle. To suggest that suddenly this will change because they sell for $35million instead of $25 million or 10 million is just not logical.

There will always be owners like Mason and Bamford who use their cars, and there will always be owners like Lauren who only display their cars as static objects, or others who will not display them. it is like that with every valuable model out there.

Onno

More an icon than an asset.

[Manel Baró]

Originally Posted by thecheddar

I
...Sadly, I think the current price reported here (and the other grossly inflated ones of recent auctions) is a reminder that vintage Ferraris and 20th Century art have officially ceased to become "cars" or "art" and crossed definitively over to "assets."

IMHO, a $35 million valuation is a truly obscene amount for a car, regardless of importance. But so too is that much for a painting and that number in art hasn't been uncommon at all for years. At this level though, I fear it ceases to be a car or painting and becomes something to invest in when you've run out of things to invest in: More fun than a pile of gold, surely, but definitely more a part of one's portfolio than their garage.

...yet I don't think our little hobby is the better for it.

2¢ of Cheddar.

Well said ! Suggest discuss car investment elsewhere. Many tks!