Merged: 250 GTO sold for $20 million + | Page 7 | FerrariChat

Merged: 250 GTO sold for $20 million +

Discussion in 'Vintage Ferrari Market' started by velocetwo, Jun 26, 2008.

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  1. 134282

    134282 Four Time F1 World Champ
    BANNED

    Aug 3, 2002
    40,647
    California
    Full Name:
    Carbon McCoy
    LOL...! I won't even go there... As long as the brand new engine has a Classiche stamp, then it's a real GTO. :)
     
  2. pabforfun

    pabforfun Rookie

    Feb 4, 2006
    23
    Illinois
    I was at Lime Rock Park over the holiday weekend and witnessed a beautiful 1962 250 GTO race around the track! It was driven by a very nice older woman who purchased the car in the early 60's. What a great investment...and she races it...and I mean hard! All I could think about was the fact that she was driving around in a beach house in the Hamptons!!
     
  3. TexasF355F1

    TexasF355F1 Six Time F1 World Champ
    Silver Subscribed

    Feb 2, 2004
    69,114
    Cloud-9
    Full Name:
    Jason
    Thanks Carbon.
     
  4. Miura Jota

    Miura Jota F1 Rookie

    May 26, 2004
    3,632
    Toluca , Mexico
    Full Name:
    Martin
    #154 Miura Jota, Sep 5, 2008
    Last edited: Sep 5, 2008
    Back then ...
    the asking price of that car was 3.5 Million Lire
    Fabrizio only had 2.5 Million (approximately $ 3 500 USD )
    and he got his dream car at his price :eek:

    (according to FORZA # 57 )

    *************************************************************************

    I wonder what TAKEO KATO (the japanese collector ) who paid more than $ 10 Million Dollars for a GTO (s/n 3909) back in 1989 and then sold it for a loss at "only" 4 Million to a Californian who still keeps it.

    what does he think now ?
     
  5. Kevin2772

    Kevin2772 Formula Junior

    Jul 30, 2006
    732
    Ohio
    Full Name:
    Kevin
    I believe there is a real GTO here in cincinnati that belongs to Jim Jaeger
     
  6. DIGMAN52

    DIGMAN52 F1 Rookie
    Owner Rossa Subscribed

    Jan 30, 2004
    4,002
    Dallas Texas
    Full Name:
    Philip C
    #156 DIGMAN52, Sep 5, 2008
    Last edited by a moderator: Sep 7, 2017
  7. dkabab

    dkabab Formula Junior

    Oct 27, 2007
    941
    Adelaide, Australia
    Full Name:
    David

    such a shame, but i think you are right. i would only think these cars come onto the market for a small number of reasons. either the owner needs cash, or lost interest and a friend offers to buy it. i wouldnt think a 250gto would come up "for sale" too often.
    i know if i had the money, id offer way above value for a f50gt1.... but the owners have no reason to sell, so they pretty much become an unpurchasable item.
     
  8. ScuderiaRossa

    ScuderiaRossa Formula 3
    Silver Subscribed

    Mar 22, 2001
    2,225
    I saw that car on Sunday; rumor had it that its the last original, unrestored GTO and I can believe that from the wonderful patina on the car. Also heard it was valued at 20 million...
     
  9. rossocorsa13

    rossocorsa13 F1 Rookie

    Jun 10, 2006
    2,557
    Nashville, Tennessee
    Full Name:
    M
    IIRC, he also hid it from his wife for a couple of years or something...kept it a secret.

    He was offered well north of $10 million IIRC a few years back and (obviously) would not part with it.

    He takes his dog with him when he drives.

    Fabulous.
     
  10. wendys is good

    wendys is good Formula Junior

    Aug 5, 2005
    267
    Cincinnati Ohio
    i saw it at ault park a few years back. i believe that it was the prototype for the 250 GTO and is the only one in existance.
     
  11. hardtop

    hardtop F1 World Champ

    Jan 31, 2002
    11,285
    Colorado
    Full Name:
    Dave
    I read that if owners get wind of another owner thinking of selling, they gang up on him to talk him or her out of it. Considering there are 36 (not all that rare) and their value, it is surprising they don't come up for sale more often. A number of owners are getting on in age, so I expect more will come on the market in the next 10 years.

    Dave
     
  12. Papa G

    Papa G Formula 3

    Dec 29, 2003
    1,406
    #162 Papa G, Sep 5, 2008
    Last edited by a moderator: Sep 7, 2017
  13. 2000YELLOW360

    2000YELLOW360 F1 World Champ

    Jun 5, 2001
    19,800
    Full Name:
    Art
    Tom Price in Marin has one. Dinged it slightly at the Infenion classics. I got some pictures of it. Could have gotten a ride in it, but was too pressed for time then. He's never going to sell it. Bought it in the 70s, restored it in the 80s. Made the comment once that it would be a million dollar car. Boy was he wrong.

    Art
     
  14. Robin

    Robin F1 Rookie

    Nov 1, 2003
    2,931
    Arlington, VA
    Is that one real? FoW has one just like that in the back, but it's a rebodied 250GT... Still pretty sweet though. Does Marriott have one???

    Charlie Rose had a discussion with a few automotive designers a couple of weeks ago and of course his first question to the group was "what's the most beautiful car ever made." Miura and 275GTB were mentioned, and the Hyundai designer said 250GTO. Charlie asked him how much that would cost these days and the designer responded "Oh jeez, about a million dollars!"

    -R
     
  15. dwhite

    dwhite F1 Rookie

    #165 dwhite, Sep 5, 2008
    Last edited: Sep 5, 2008
    Len, That is the most original GTO in the world. I know the owner and he bought it in the late 60s and drove it on the road for a short time. His wife, Sandy, drives it and several of his other cars. She is a very good driver. That's Jim in the picture with the blue hat, a very knowledgeable and really a very nice person and completely unpretentious. Ralph Lauren's restoration guys used Jims car as a benchmark for Ralphs restoration.
     
  16. SonomaRik

    SonomaRik F1 Veteran
    Silver Subscribed

    Dec 15, 2006
    6,882
    Sonoma, CA
    Yes, but like Barry Bond's last HR-ball...with an asterisk ;)

    for the record I kinda like Barry
     
  17. tbakowsky

    tbakowsky F1 World Champ
    Consultant Professional Ferrari Technician

    Sep 18, 2002
    19,380
    The Cold North
    Full Name:
    Tom
    Wrong..36 250 GTO's,Van Gogh never painted the same picture twice, where as Ferrari has built the same car multiple times.
     
  18. DriverA

    DriverA Karting

    Sep 11, 2007
    173
    Scandinavia
    As long the GTO hold the position as one og the greatest car ever made, I am sure you are right in every word - only time will tell.
    The GTO have IMO one problem - when a original GTO turns up to a show, many people will say - this is a recreation or a replica.
     
  19. thepinkumbrella

    thepinkumbrella F1 Veteran

    Feb 26, 2006
    6,047
    United Kingdom
    But no two GTOs are identical.
    RHD/LHD
    Two versus three cooling slats
    3 litre versus 4 litre
    Driving lights versus no driving lights.

    And then each one has its individual history...

    The list goes on

    Paul
     
  20. DenisB

    DenisB Formula Junior

    Jul 21, 2007
    511
    Cape Cod Ma.
    Full Name:
    Denis B.
    36? I always thought there were 39 made
     
  21. RMV

    RMV F1 Veteran

    Apr 11, 2002
    7,371
    The most original GTO is s/n 4293, not the O'Neil car (s/n 3647). Surtees had a big accident in s/n 3647 in the 1962 TT. S/N 4293 has never had an accident and was the 1963 LeMans class winner. The best GTO, IMHO.
     
  22. ProCoach

    ProCoach F1 Veteran
    Owner

    Sep 15, 2004
    5,465
    VIR Raceway
    Full Name:
    Peter Krause
    No such thing, they're ALL great! :D

    For me, seeing Sandra win in Jim's car (3647) on the penultimate lap in front of 25,000 people on a perfect day at Lime Rock a week ago, that was the best GTO for me!
     
  23. RMV

    RMV F1 Veteran

    Apr 11, 2002
    7,371
     
  24. thepinkumbrella

    thepinkumbrella F1 Veteran

    Feb 26, 2006
    6,047
    United Kingdom
    There are 33 Series I bodywork (1962) 3 litre GTOs (aka 250 GTO, 250 cc x 12 cylinders = 3000cc, thus 3 litre)

    There are 3 Series I bodywork (1962) 4 litre GTOs (aka 330 GTO, 330 cc x 12 cylinders = 4000cc, thus 4 litre)

    There are 3 Series II bodywork (1964) 3 litre 250 GTOs (aka 250 GTO/64, 250 cc x 12 = 3000 cc, thus 3 litre)

    So now we have 36 (33 series I plus three Series II 64 cars) 250 GTOs
    Plus we have the 4 litre versions giving a total of 39.

    Hope this makes sense.

    Paul
     
  25. tintin38nl

    tintin38nl Rookie

    Jun 18, 2007
    4
    Netherlands
    Full Name:
    Erwin
    ... well he did, he made several copies of his most famous "sunflowers" of wich one went to Japan for $ 40 million (the others are in Amsterdam and London)
     

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