Sorry, those pics are from 2005. Unless somehow a lady driver in a GTO spun and hit the wall at the same place in two consecutive years. Dale
You're right -- those two incidents were in different years (albeit at the very same Mt Tremblant venue).
Price went off in 2005. Sorry Dale, but your memory's not what it used to be. Leslie hit the wall in 2006. Here: http://www.ferrarichat.com/forum/detailing-showroom/115929-pics-ferrari-challenge-f1-clienti-fxx-program-%40-mont-tremblant.html#post135992230
Well, I was there when a blond driver went wide at T11, over corrected and spun to her left and smacked the wall. I remember talking about it later with her and Old Guy. Maybe it was 2006. I was there for the first ever Ferrari Driving Experience in North American, and we were driving F430s. I somehow got it my head that this was 2005, but maybe I'm confusing the F430 intro with this event. Oh well, the driver was saying that her wrists hurt and that's when I mentioned the tip about letting go of the wheel before you smack a wall, not that I have ever done that, but this is what some hot shoes have told me. Dale
Excuse me, but when a big ol' wall covering like the one in the attached photos sells for $44 million, we car guys don't have to explain prices ever again. (It's called "Onement VI" (I guess "Twoment VI" would have a skinny white "2" in the middle) and it was painted by Barnett Newman in 1953.) Image Unavailable, Please Login Image Unavailable, Please Login
Another bump on the back of a comment in a different thread: "The last 250 GTO that sold, sold for 52MUSD and it was on the market for less than two weeks." http://www.ferrarichat.com/forum/142433909-post1570.html Interesting - so the deal now appears to be done. Anyone know anymore?
Er, we need real proof please. No date or time indication or reference on that referred to post ... it's all just speculation. Pete
I know today's Ferrari 250GTOs are owned by up-and-up upstanding citizens but apparently not always so. I was checking out the net and found two separate stories. On a site called Agent4Stars here: 1962 Ferrari GTO sold for $32/£20million in London early Jan. 2012 is it now the "World´s Most Expensive Car" » Agent4Stars it said and I quote "A 250 GTO (4757GT) seized by the FBI belonging to the deceased Robert C. Chris Murray, a drug dealer who fled the United States in 1984, was sold in a sealed auction in 1987 for approximately $1.6 million. Murray bought the car in 1982 from a Beverly Hills dealer with $250,000 in cash from a backpack full of $20 and $50 notes. In 1989, at the peak of the boom, a 250 GTO was sold to a Japanese buyer for $14.6 million plus commission. By 1994 that example changed hands for about $3.5 million.In 2008, a British buyer bought a 250 GTO that formerly belonged to Lee Kun-hee of Samsung Electronics at an auction for a record £15.7 million. In May 2010, BBC Radio 2 DJ Chris Evans bought chassis number 4675 GT for £12 million." But then in an LA time story, URL below: The Nation - Los Angeles Times They wrote: "Federal marshals sold a confiscated Ferrari 250 GTO racing car for $1.6 million to a Providence, R.I., partnership that outlasted bidders from throughout the nation and abroad. It is the highest price on record for one of the sleek, red two-seat hardtops. The Italian auto company produced only 36 of the cars in 1963 and 1964; 32 survive. U.S. Marshal Pasquale A. Mangini said in New Haven, Conn., where the car was being kept, that the partnership is known both as Douglas Auto Sales and as GTO Partners and is headed by Leon H. Cornell Jr. The government seized the car from an accused drug dealer's estate after he was found murdered in Spain last June." What was the SN of the Cornell car? Or is it just coincidence that two drug dealers had their 250GTOs confiscated? To quote Alice in Wonderland, things are getting curiouser and curiouser.
One car, one drug dealer. 4757 GT. Just one case. Sold to Fritz Kroymans, The Netherlands. Today with Tom Price in Larkspur/CA. Marcel Massini
For anyone interested in 4757: Image Unavailable, Please Login Image Unavailable, Please Login Image Unavailable, Please Login
I wasn't tracking GTO prices since I failed to buy the Henry Manney car at $18,000 (which i heard he sold for less). Was the gummint asking a sufficient amount? My only connection with Feds and a confiscated Ferrari was at least 10 years ago when I went to a Federall advertised sale in Torrance,CA and there was assorted gems & whatnot belonging to a convicted drug dealer plus a Ferrari Boxer (later than 365GT4BB) and I asked the lady in charge "What about DOT clearances & EPA in case it hasn't been Federalized and she gave me a roll of the eyeballs and said "Don't worry about it" so that made me think that when the Feds sell you a confiscated non-Federalized car they also sell you immunity on it in case it was never properly Federalized. Drug dealers probably don't cotton to doing things the correct way, after all their main business is illegal so why bother with trying to conform to various & sundry regulations regarding their cars.
Well by early fall 1987, the direction the market was headed was not a mystery to anyone. Some people, as early as 1985, that is to say before the famous market hysteria really began, started noticing the growing presence of an entirely new type of collector. This was what would eventually culminate in the "Second Japanese Invasion", and we all know the story. This was essentially the first time we had collectors who truly were un-phased even at the prospect of paying up to 4, 5 even 6 times the market. The GTO became a car that would essentially be a bargain at any price. 330GTO #4561SA was sold by Christies in late May that year (87) for roughly $1.4 MIL, or above $1.5 with commission. Before that, in 1986 (I reckon in the second half of that year), Kortan sold 3589GT at that certain quantity of money so often relayed in TV and film dialogue. Notably the very first time an F-car had done so as well. When the Feds announced that they were to auction off 4757, most were expecting it to break $2 mil, and perhaps if they had extended the deadline for bidding by 2 weeks (so as to surpass Black Monday), it could have done so rather easily. By June of 88, a broker was quoted in expressing his frustration on the difficulty of securing a GTO for his client, even at $3Mil. It would be #3589 again that would sell for $4.2 Mil the very next month. Exactly one year later we had our first sale at $10M, don't recall the SN for that one. I'd say ever since GTO's were bringing 6 figures, growing ambition among collectors coupled with appreciation at such an anomalous, exceedingly fast rate made it impossible to establish a market all its own, at least for practical purposes. It seemed to be the first Ferrari (along with the 250TR by extension) to behave in the market in such a unique manner.
