1962 Ferrari 250 GTO can be Yours for $64 Million
There are only so many superlatives you can throw in the direction of the Ferrari 250 GTO. To this day, it’s still considered as the quintessential Ferrari. More importantly, the 250 GTO is also revered as one of the greatest cars of all time. The 250 GTO is treated with such high reverence that the car usually fetches millions on the auction block. We’ve seen a 250 GTO LWB California Spider Competizione fetch $11 million. Before that, a 250 LM scooped up $14.3 million. And before we forget, a pair of 250 GTOs have been sold for $32 million and $52 million, respectively. Here’s the takeaway: if you own a Ferrari 250 GTO, you’re in possession of a car that can net you at least $30 million. There is no shortage of people willing to spend that amount, maybe even double that, to own a piece of Ferrari history. That being said, a 1962 250 GTO has found itself on Mobile.de, considered as Germany’s biggest online marketplace. It’s a legitimate site that has seen its share of million-dollar transactions so there’s little reason to suggest that this isn’t an authentic 250 GTO.
Its seller, GT Golden Tower Real Estate and Luxury Gmbh, indicates that this red 250 GTO has traveled 15,000 kilometers (9,320 miles), which means that its owner has made relatively good use of it. But the car still looks to be in great shape. One photo even shows the car’s V-12 engine to be in immaculate shape. The interior also looks polished and show quality.
Everything about this 1962 250 GTO looks to be in order. Well, almost everything. See, GT Golden Tower thinks this 250 GTO can sell for €47.6 million, which is about $64 million based on current exchange rates on 7/29/2014.
That’s a lot of money, but as history has shown, it’s not an absurd figure for a Ferrari 250 GTO.
Click past the jump to read more about the Ferrari 250 GTO.
Why It Matters
We really don’t need to dive into the gory details on why buying a Ferrari 250 GTO matters. The only question here is if you have the money to do so. $64 million is an insane price tag. That can buy you a Gulfstream G6 and still have somewhere close to $8 million in change. But again, it’s a 250 GTO.
Oh, and the German language of the site didn’t dissuade us from trying to get it translated. Once we were successful, we noticed that GT Golden Tower wants prospective buyers to prove their insolvency before making the purchase.
Nothing like covering your base on a transaction like this one.
Ferrari unveiled the 250 GTO in 1962 with the initial intention of using it to compete in GT racing. The model was built on a chassis from the 250 GT SWB and was powered by a 3.0-liter, V-12 engine that came from the 250 Testa Rossa. Along with the V-12 engine, the 250 GTO also came with a hand-welded tube frame, an A-arm front suspension, a live-axle rear end, and disc brakes.
To this day, the 250 GTO it’s still considered as one of the most iconic cars in history. The fact that only 39 units were built — 33 "normal" models, three with four-liter 330 engines, and three "Type 64" cars with revised bodywork — only adds to the overall appeal and esteem of the 250 GTO.