Question: Why the value disparity in 250GTOs?

Might have been 39M or another century...

 

Have a look:

Bonhams : Ferrari 250 Gto Achieves $38,115,000 (£22,843,633)A New World Auction Record At Bonhams Quail Lodge Sale

 

I don't think a real GTO has sold that cheaply since the '80's... Are you sure it was a GTO?

 

Agree with other posters.
late 80s - prices climbed from 1 mil to 10 million plus
early 90s - crashed to 3 - 5 million
late 90s - back to 5 - 10 million
early 00s - rise to 10 - 15 million
late 00s - rise to 15 - 30 million
Now - 30 - 60 million
2020 - who would know......... but might double again.

 

S. McQueen's 275 went for $9+M, the GTO went for $38+M.

Regards,

Art S.

 

Could the Wayne Carini episode have been a re-run from a few years ago? Some of the episodes of his show on my cable network are from a while back. Also, could the $9.5mm GTO be the same car at sold at auction this year for $38mm?

 

The GTO sold for $38M+ at Monterey was Violati's, 3851GT. Steve McQueen's 275 GTB/4 sold for $9.5M, hence the confusion.
There appears to be a hierarchy among the 36 GTO's with some perceived as more valuable than others. Race provenance seems to rate high, a rebody or a re-rebody may have some influence on price. Series I versus Series II also seems to play a role.

 

People can correct me if I am wrong... but I do not believe any other GTOs have been sold at Monterrey besides the Bonhams car for 39 million (and there is argument that this car didn't actually sell and the house bought it, but thats a rumor I heard months ago and didnt ever care to follow up)

I can say with certainty that there has not been any other GTO sold during Monterrey while wayne carini has been filming.

I am going to go out on a limb and say you have either mistaken the price or the car.

 

just to be clear, james was watching a recent re-run and the gto was described as having a bit of a dark cloud hanging over it due to the crash history. it was the reason it only sold for $39MM.

that was what carini was speaking off and James was referring to.

 

The car actually did sell,,,in addition it was a no reserve sale!
And the under bidder was in the room even if the winning bid was on the phone.
True that the car history includes the deadly accident of Henri Oreiller, an Olympic ski champion turned car champion pairing with Lucien Bianchi ( actually of same family as Jules B the F1 driver accidented in Suzuka) . Question was if after this accident the car was repaired or Ferrari built a brand new one and gave it same identity, so in a way all the previous race history of this chassis ( before the accident) is more nominal than real. So all those elements plus probably some issues regarding the engine, most of Violati's car did not have a matching engine, can or should explain this relatively average performance. Saying it was a surprise is not correct , it was only a surprise for those who are not close to this market!

 

So you are confirming that this car 100% changed hands at the auction to the phone bidder? Feel free to PM if you would like