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250 GTO selling price thread (DUE TO REQUESTS)

Discussion in 'Vintage Ferrari Market' started by bannishg, Mar 19, 2009.

  1. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    #1 bannishg, Mar 19, 2009
    Last edited by a moderator: Mar 19, 2009
    I know a few of you are sick of posts regarding the current market, or show no interest whatsoever in looking at past selling prices. This thread is NOT for those people. This post IS for the people who have PM'd me requesting such information. This thread is NOT to be merged with my "ads from the past" thread, as this one focuses solely on the GTO, and will feature very few ads, as GTO's were only advertised in magazines on extremely rare occasions, where 2/3 of the time the ad didn't even feature an asking price! (my 6th grade English teacher would kill me for that last run-on sentence!)

    I am 99.9% confident of the accuracy of these ads, and as you can see, some bits of info are missing for some. Any additions and/or corrections are highly encouraged, especially from the 70s.

    Well, here they are:

    3387GT - 1962/March - Luigi Chinetti $9,700

    3987GT - 1985/March/8 - Ralph Lauren $650,000

    4293GT - 1964 - Chris Cord $6,000

    3705GT - 1985 - Yoshiyuki Hayashi $500,000

    5573GT - 1971 - Kirk F. White $5,800

    4091GT - 1981/April - Joe Marchetti $285,000

    4219GT - 1963/May - Beverly Spencer $14,000

    3387GT - 1962/June - Bob Grossman $13,600

    3387GT - 1963 - Liberto Gerardi and Mike Gammino III $12,000

    4219GT - 1964 - George Dyer - $12,000

    3757GT - 1978 - Nick Mason - $86,000 (Though He Claims to have
    Paid 37000 Sterling, which equals to $71,000 US given the '78EXRT).

    3387GT - 1978/Late September - Mark DeFriece - $75,000

    ????GT - 1970/August - Offered in R&T - $7,780

    ????GT - 1984/Summer - ???? (Mentioned in Autoweek 02/18/85) - $425,000

    ????GT - 1964/May - Offered By Harry Woodnorth - $12,000

    4757GT - 1976/November - Jim Stollenwerk - $40,000

    3765GT - 1967 - Mario Tosi - $8,000

    3607GT - 1990/May - Hans Thulin - $9,588,780

    3607GT - 1991/August - Giorgio Perfetti - $6,900,000

    3607GT - 1994 - Robson Walton - $3,500,000

    3413GT - 1994 - Giorgio Perfetti - $7,000,000

    4219GT - 1993/January - Brandon Wang - $3,000,000

    5571GT - 1998/February/5 - Cavallino Holdings - $6,000,000

    5575GT - 1998/June - Carlos Hank - $5,500,000

    ????GT - 1966/February - Offered in R&T - $9,500

    3769GT - 1971 - Gordon Barrett - $8,500

    3589GT - 1986/September - Frank Gallogly - $1,000,000

    3589GT - 1988/August - Bert Stieger - $4,200,000

    3909GT - 1989 - Kato - $13,837,500

    4561SA - 1990/January - ??? - $17,000,000

    3909GT - 1994/September - John Collins - $2,700,000

    4757GT - 1987/October/22 - Jacques Swaters - $1,580,000

    4757GT - 1982/May-ish - Drug Lord - $345,000

    3455GT - 1996 - Matsuda - $4,200,000

    4293GT - 1996 - Patrick Ma - $4,100,000

    5095GT - 2008/July - ??? - $25,000,000

    4561SA - 1987/May/26 - ??? - $1,450,000

    3223GT - 1993/October - Yoshikuni Okamoto - $3,500,000

    3223GT - 2004/November - J.B. of Penn. - $10,600,000

    ????GT - 1981/Late - (Sold By) Steve Earle - $320,000

    ????GT - 1984 - Driven by Don Walker at Monterey 1984 - $275,000 (Needs Restoration)

    ????GT - 1984 - Mentioned In A Newspaper - $575,000

    4675GT - 1975/Early Spring - Walter Medlin - $27,000

    4153GT - 2000 - Charles R. Grohe - $6,500,000

    4115GT - 1966/Early - H.P. Burkhardt - $9,000

    4091GT - 1965/January/26 - Clemente Ravetto - $3,200 (2Mil Lire @ 625 per $1 EX RT.)

    3909GT - 1998/January - Cavallino Holdings - $4,500,000

    3729GT - 1999/March - Jon Shirley - $6,000,000

    3705GT - 1969/August - Offered By Kocher - $6,850 (30000 sfr)

    3505GT - 2000/December - Yoshiho Matsuda - $8,000,000

    ????GT - 1986/March - ??? - $800,000

    3445GT - 1996/May - Offered By Symbollic - $3,500,000

    3413GT - 2000/January - Greg Whitten - $7,000,000

    ????GT - 1966/February - Offered In R&T - $10,500

    3589GT - 1972/May - Joe E. Kortan - $6,000

    3767GT - 1970/December/14 - Anthony Bamford - $7,700

    3909GT - 1971/May - Luigi Chinetti - $8,000

    3909GT - 1971/September - Anthony Bamford - $12,500
     
  2. SefacHotRodder

    SefacHotRodder F1 World Champ

    Dec 20, 2003
    10,917
    NJ
    Full Name:
    Chris
    Very interesting. Thank you. I'm sure some people here will fill in the gaps. I don't have my notes on this computer unfortunately so i can't really help
     
  3. readplays

    readplays Formula 3

    Aug 22, 2008
    1,655
    New York City
    Full Name:
    Dave Powers
    #3 readplays, Mar 19, 2009
    Last edited by a moderator: Mar 19, 2009
    3757GT - 1978 - Nick Mason - $86,000 (Though He Claims to have
    Paid 37000 Sterling, which equals to $71,000 US given the '78EXRT).

    Can we give Nick Mason the benefit of the doubt and call it $71,000.

    3765GT - 1967 - Mario Tosi - $8,000
    should read 3765LM

    3607GT - 1990/May - Hans Thulin - $9,588,780
    I was told Mr. Thulin/AB Consolidator never completed the transaction (didn't pay for it) so the sale never took place. Therefore, this would just represent a 'bid' rather than a sale.

    3607GT - 1991/August - Giorgio Perfetti - $6,900,000
    I was told this was not a cash sale but a trade involving a P car (one of the 60's Ferrari Sports Racing prototypes) and other consideration.

    3607GT - 1994 - Robson Walton - $3,500,000
    I request we call him Mr. Walton or Robson Walton and keep the business separate from the person.

    4757GT - 1982/May-ish - Drug Lord - $345,000
    Can we change this to Christopher Murray and then annotate his occupation on the later sale transaction via FBI/US Gov't auction.

    5095GT - 2008/July - ??? - $25,000,000
    There's a separate thread on this. Price is too high. Marcel's going to kill you :) Nice knowin' ya ;)

    ????GT - 1981/Late - (Sold By) Steve Earle - $320,000
    This is 4293GT

    ????GT - 1984 - Driven by Don Walker at Monterey 1984 - $275,000 (Needs Restoration)
    This is 3987GT

    Hi Greg,
    Great thread. It may read easier if you do it chronologically from 60's onwards (or alternatively from 3223 towards 5575). Thanks for posting it.
    Best,
    Dave
     
  4. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Thanks for your help, Dave.

    The reason that it isn't in any specific order, whether by S/N or chronological, is because I hope that people add to this list in the future. For all I know, this may only be a small fraction of the transactions that have taken place. Perhaps I'll re-arrange them in a more palatable order when more posts come. I will also do one for 250TR's and other "bigwig" models.

    I would also love to make the changes you pointed out, but there is no "edit" button present, so how would I go about doing it? Heh, oops, I thought I had taken out the "Mr. Walton" thing, sorry Robbie! Also, don't kill me Marcel! I am naive to the full details of the transaction! I'm just a mere price junkie!
     
  5. Ferrarinw2

    Ferrarinw2 Five Time F1 World Champ

    Jun 7, 2006
    54,441
    good read,pity some of the cars have been over restored.
     
  6. readplays

    readplays Formula 3

    Aug 22, 2008
    1,655
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    Dave Powers
    I don't know that you can edit, but you could post it as a reply (I didn't want to do that because it's your thread). It may be confusing to read because it's not 'in order'... which may keep some posters from participating- just my opinion.
    It is a small fraction of the transactions [if you look at 36 250 GTOs, 1 330 GTO, and 1 400SA (4561) that people insist on calling a 330 GTO... and you figure the cars were made 45+ years ago].
    Nonetheless, for those who are interested, Fchat brings together the resources (through people who post here) to be able to get the story straight on various cars through a thread like this. In my mind, a worthwhile undertaking.

    Best,
    Dave
     
  7. Teenferrarifan

    Teenferrarifan F1 Rookie

    Feb 21, 2003
    2,989
    Media, PA
    Full Name:
    Erik
    I would love to see a 250TR one!! Also, thanks for this it is very interesting.
    Erik
     
  8. SefacHotRodder

    SefacHotRodder F1 World Champ

    Dec 20, 2003
    10,917
    NJ
    Full Name:
    Chris
    Fixed
     
  9. Ferrarinw2

    Ferrarinw2 Five Time F1 World Champ

    Jun 7, 2006
    54,441
    i was not game enough to say that.
    great pity,all that history lost for some new crome,leather and a damaged,bog free body.
     
  10. SefacHotRodder

    SefacHotRodder F1 World Champ

    Dec 20, 2003
    10,917
    NJ
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    Chris
    But it looks new and thats all that matters, right?
     
  11. Ferrarinw2

    Ferrarinw2 Five Time F1 World Champ

    Jun 7, 2006
    54,441
    very sad,might as well own a new replicar
     
  12. SefacHotRodder

    SefacHotRodder F1 World Champ

    Dec 20, 2003
    10,917
    NJ
    Full Name:
    Chris
    Oh no you didn't....
     
  13. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    haha okay guys, break it up......

    I read in an Autoweek article that someone traded a 250GTO and $10000 cash for a new Daytona Coupe (25k Sticker) in 1973. Anybody know of the car?
     
  14. billnoon

    billnoon Formula 3
    BANNED

    Aug 22, 2003
    1,176
    La Jolla, California
    Full Name:
    Bill Noon
    Despite having owned, traded, raced and sold many of these GTOs over the years, I will hold back specific comments on the numerous errors on this list. I will state for the record that the comment on Rob Walton is in beyond poor taste. If he were not such a gentleman you might find yourself on the very wrong end of a very expensive case of slander.

    Bill Noon
     
  15. jong

    jong Rookie

    Dec 24, 2007
    8
    #15 jong, Mar 19, 2009
    Last edited: Mar 19, 2009
    Hi Guys,

    I have a memory of walking through Sheffield in 1981 on a summers day, think it was July, with the wife to be.

    We had just bought our first house and were in the city to do some shopping.

    I parked up, near the garage and car sales showroom I bought all my early cars from, which, was T C Harrisons.(Ford Dealership)

    I knew that `round the back,` was a private garage where, the Ferraris were kept. As we walked by ,the roller shutter door was open. All that stood in the way of me and my passion was a plastic curtain.

    I slowed down and listened, to see if there were any noises coming from inside....none, so, I slowly moved back the curtain and a Scottish voice said `can I help you?`

    I quickly mentioned that I was interested in Ferraris and he invited us both in.

    Wow....there must have been at least a dozen Ferraris and a GT40. He pulled off the dust sheets covering several cars, one of which was a 250 GTO, this one had 2no. cooling vents behind each front wheel so, to show off my `knowledge` I mentioned that I had read that some GTOs had 3no. vents. He walked about 3 metres and pulled off another dust sheet, `you mean like this one?` he said, with a grin on his face.

    To maintain the link to the thread, one of these cars was apparently sold to a Japanese collector I believe and at the time, I was told that it was the most expensive car in the world.

    Is the statement true and how much was it sold for.

    Sorry if anybody has been bored by my memories by the way.

    Best Regards

    Jon
     
  16. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    As I stated before, I meant to omit that comment, my apologies to Mr. Walton, and yes I should've picked that up before cutting and pasting a personal list I began years ago. The comment was indeed in poor taste. I will re-post this message with this conflict resolved. You, on the other hand, need to be more understanding. I am a 21-year-old college student who happens to have an extraordinarily intense interest in vintage sports cars. I know nothing of Mr. Walton's personal life, and have no knowledge whatsoever in regards to his demeanor. My quip was more reflective of my displeasure in some of the initiatives taken by Wal Mart over the years, which likely have little or nothing to do with Robson himself, and may not even be true for all I know. Now that I apologized and made a complete "a" of myself, I'm going to re-post this. I had no idea such an inconspicuous little quip would blossom into this conflict, which should've never occured in the first place.

    Bill, can we please bury the hatchet? I do not want to make enemies. If you still don't want to contribute to this thread, that's more than O.K. I didn't mean to hurt you, or Mr. Walton. I also forget sometimes that many of the members of this club are good friends with or in fact may BE the person in question.

    Greg B
     
  17. Chaos

    Chaos Formula 3

    Sep 29, 2004
    2,326
    Cardiff. UK
    Full Name:
    Nick.
    this is an internet forum ffs - not a national newspaper.
    you americans really do have a problem - the answer to everything is NOT the court room.


    mini rant over
     
  18. billnoon

    billnoon Formula 3
    BANNED

    Aug 22, 2003
    1,176
    La Jolla, California
    Full Name:
    Bill Noon
    The offense was hardly against me and I hold no grudges ever. I now Rob well and have so for many years. I deal and treat people on an individual basis and he stands out always as one of the nicest people I have ever met.

    He is always polite, kind and a pleasure to race against and with. Having run hard alongside him in a GTO vs GTO battle, I hope in the future to be able to do so again.

    A public forum such as this is a welcome venue to express ideas freely. It is not however a place to vent and post poor or judgmental comments about a non-participating 3rd party who can not defend him or herself.

    A list such as this is very informative and I am sure you will get many inputs and corrections from a variety of the fine members who contribute here.

    I would simply suggest leaving any snide remarks about past owners out.

    Who knows, we might all be happy working at Wall Mart someday... I can think of worse things that could happen in an ever changing world.

    Simply my opinion... I could be wrong... but feel otherwise.

    Cheers,

    Bill
     
  19. Jeff Kennedy

    Jeff Kennedy F1 Rookie
    Silver Subscribed Owner

    Oct 16, 2007
    4,979
    Edwardsville, IL
    Full Name:
    Jeff Kennedy
    I would like to vote that this be organised by serial number so it traces the owner to owner transactions plus any public offerings along the way.

    As a note on the Mark De Friece car, that was the one restored by Griswold in Berkley, CA. Griswold printed a poster that had the all the restored parts laid our prior to the car's reassembly. Wish I had gotten one "back in the day".

    Jeff
     
  20. readplays

    readplays Formula 3

    Aug 22, 2008
    1,655
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    Dave Powers
    Wow Jon,

    You sure picked the right Ford dealers to visit in the UK :) I've often wondered what a visit there would have been like- when these cars were still race cars and not yet investments...
    On the GTO scorecard, you saw 3505GT and 3909GT. You probably also saw 0736TR (250 TR of theirs) in addition to whatever else was there.

    3909GT was later sold to Japan and at the time was the highest price for a Ferrari sale. The rumors (for us out in the cheap seats, on the sidelines) were the transaction was in the range of USD $13.8 to 17.2 million. I believe Michael Sheehan was in the middle of this transaction and he has written that it was on the low end of this range. Still an awful lot and if adjusted for inflation, I would think the most anyone ever paid for a GTO.

    Best,
    Dave
     
  21. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    For the record, I never intended this to be in the post in the first place, I thought I had already corrected it. I guess I should have proofread it first. I wasn't even TRYING to "vent" any feelings. Also keep in mind that I compiled the list, the majority of it anyway, in 2006. Perhaps I was pissed at WalMart for some reason when I was typing this 3 years ago, as a high school senior? This is rather unfortunate because I was NOT trying to make a statement of any kind in this post, and God knows that a vintage sports car-oriented message board would be the last place I would want to express an opinion on such a subject, whether in a crude or professional manner. But Bill, if you don't hold grudges, why on earth did you have to come down so harshly? I seriously thought that I (unintentionally) struck a nerve. This is frustrating as hell.

    OK, those are my final words in regards to this crap. Now I just have to wait for the admins to fix the comment, and we can resume the thread as normal.

    Greg
     
  22. readplays

    readplays Formula 3

    Aug 22, 2008
    1,655
    New York City
    Full Name:
    Dave Powers
    billnoon

    Bill,
    Thanks for weighing in on the thread. You have the enviable position of being in the 99th percentile of GTO involvement of Fchatters :) and as such are a welcome addition with anything you can contribute.

    Best,
    Dave
     
  23. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Will Do! I have a sinus infection and have nothing better to do......
     
  24. bannishg

    bannishg Formula Junior

    Oct 6, 2008
    480
    Springfield area, MA
    Full Name:
    Greg
    Okay guys, using the information I had to begin with, I re-organized everything by S/N and made the critical corrections. This may be my post, but feel free to edit or add to it as you wish! Together we can make this list grow!

    3223GT:

    -1993/October - Yoshikuni Okamoto - $3,500,000
    -2004/November - J.B. of Penn. - $10,600,000

    3387GT:

    -1962/March - Luigi Chinetti - $9,700
    -1962/June - Bob Grossman - $13,600
    -1963 - Liberto Gerardi and Mike Gammino III - $12,000
    -1978/Late September - Mark DeFriece - $75,000

    3413GT:

    -1994 - Giorgio Perfetti - $7,000,000
    -2000/January - Greg Whitten - $7,000,000

    3445GT:

    -1996/May - Offered By Symbollic - $3,500,000

    3455GT:

    -1996 - Matsuda - $4,200,000

    3505GT:

    -2000/December - Yoshiho Matsuda - $8,000,000

    3589GT:

    -1972/May - Joe E. Kortan - $6,000
    -1986/September - Frank Gallogly - $1,000,000
    -1988/August - Bert Stieger - $4,200,000

    3607GT:

    -1990/May - Hans Thulin - $9,588,780 (False Sale)
    -1991/August - Giorgio Perfetti - $6,900,000 (or trades)
    -1994/December - Robson S. Walton - $3,500,000

    3705GT:

    -1969/August - Offered By Kocher - $6,850 (30000 sfr)
    -1985 - Yoshiyuki Hayashi $500,000

    3729GT:

    -1999/March - Jon Shirley - $6,000,000

    3757GT:

    -1978 - Nick Mason - $71,000 (37000 UK sterling)

    3765LM:

    -1967 - Mario Tosi - $8,000

    3767GT:

    -1970/December/14 - Anthony Bamford - $7,700

    3769GT:

    -1971 - Gordon Barrett - $8,500

    3909GT:

    -1971/May - Luigi Chinetti - $8,000
    -1971/September - Anthony Bamford - $12,500
    -1989 - Kato - $13,837,500
    -1994/September - John Collins - $2,700,000
    -1998/January - Cavallino Holdings - $4,500,000

    3987GT:

    -1984 - Driven by Don Walker at Monterey 1984 - $275,000
    (Needs Restoration)
    -1985/March/8 - Ralph Lauren - $650,000

    4091GT:

    -1965/January/26 - Clemente Ravetto - $3,200 (2Mil Lire
    @ 625 per $1 EX RT.)
    -1981/April - Joe Marchetti - $285,000

    4115GT:

    -1966/Early - H.P. Burkhardt - $9,000

    4153GT:

    -2000 - Charles R. Grohe - $6,500,000

    4219GT:

    -1963/May - Beverly Spencer - $14,000
    -1964 - George Dyer - $12,000
    -1993/January - Brandon Wang - $3,000,000

    4293GT:

    -1964 - Chris Cord - $6,000
    -1981/Late - (Sold By) Steve Earle - $320,000
    -1996 - Patrick Ma - $4,100,000

    4561SA:

    -1987/May/26 - ??? - $1,450,000
    -1990/January - ??? - $17,000,000

    4675GT:

    -1975/Early Spring - Walter Medlin - $27,000

    4757GT:

    -1976/November - Jim Stollenwerk - $40,000
    -1982 - Christopher Murray - $345,000 (Seized in '84, when
    Murray fled)
    -1987/October/22 - Jacques Swaters (Auctioned By GOV'T) -

    $1,580,000

    5571GT:

    -1998/February/5 - Cavallino Holdings - $6,000,000

    5573GT:

    -1971 - Kirk F. White - $5,800

    5575GT:

    -1998/June - Carlos Hank - $5,500,000

    S/N Not Yet Confirmed:

    -????GT - 1964/May - Offered By Harry Woodnorth - $12,000
    -????GT - 1966/February - Offered in R&T - $9,500
    -????GT - 1966/February - Offered In R&T - $10,500
    -????GT - 1970/August - Offered in R&T - $7,780
    -????GT - 1984/Summer - ???? (Mentioned in Autoweek
    02/18/85) - $425,000
    -????GT - 1984 - Mentioned In A Newspaper - $575,000
    -????GT - 1986/March - ??? - $800,000
     
  25. Jeff Kennedy

    Jeff Kennedy F1 Rookie
    Silver Subscribed Owner

    Oct 16, 2007
    4,979
    Edwardsville, IL
    Full Name:
    Jeff Kennedy
    4757GT - Stollenwerk bought the car from Chris Cord (his brother in law).

    3223GT - ownership needs to include Bob Bodin. It may have been Mike Sheehan who was the middle man between Bodin and the next owner (Japan?).

    4091GT - need to include Bob Epstien who bought the car from Kerry Payne. Bob bought both 4091 and 5909 (250LM) from Kerry Payne and for a while had both at the same time.

    I suggest that you use the Jess Pouret book to get the history up to the late 70s.

    Jeff
     

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