It’s now the most expensive car in the world

David McNeal, the founder of WeatherTech, just paid a record-breaking $70 million for a 1963 Ferrari 250 GTO that is so pristine it’s regarded as the third or fourth best example in the world by well-known Ferrari historian, Marcel Massini.

WeatherTech founder David McNeal dropped $70 million on this 1963 Ferrari “4153” 250 GTO, and yet, the most incredible part of this whole deal is that he probably didn’t overpay for it.

Wow. That’s the only thing you can say after hearing about this. WeatherTech founder David McNeal dropped $70 million on this 1963 Ferrari “4153” 250 GTO, and yet, the most incredible part of this whole deal is that he probably didn’t overpay for it. That’s how staggering this transaction was.

Leading Ferrari historian Marcel Massini confirmed that the sale had gone through in a private deal. That’s probably why there weren’t any signs or indications that this purchase was happening, contributing to the shock factor that we’re all experiencing now.

As far as the car itself is concerned, Massini describes it as the “Holy Grail” among the 36 Ferrari 250 GTOs that were manufactured between 1962 and 1964. Its personal history is even considered one of its most defining characteristics, helping elevate its status and price tag among all other 250 GTOs that are still around today.

According to Massini, this particular 250 GTO is the same car that won the Tour de Francine 1962, regarded by race experts as one of the most famous and historic motor races in history. It also finished fourth overall at Le Mans, was raced by Ecurie Francorchamps (one of the most iconic and famous independent Ferrari racing teams,) and has never been in a big accident, contributing to its status as a highly original model. It’s even competed in a number of other racing series and disciplines, including track races, long-distance road rallies, and hill climbs. It did undergo a bit of restoration in the 1990s by UK-based bluechip car specialist DK Engineering, but even that little asterisk wasn’t enough to prevent it from becoming the most expensive car in the world.

1962 - 1964 Ferrari 250 GTO High Resolution Exterior
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According to Massini, this particular 250 GTO is the same car that won the Tour de Francine 1962, regarded by race experts as one of the most famous and historic motor races in history

"This is without a doubt one of the best 250 GTOs in existence in terms of history and originality,” James Cottingham, vehicle acquisition specialist at DK Engineering, told the Express. "Its period competition is very good. It won the Tour de France which is big tick and was fourth overall at Le Mans which was a mega result.

For the car to look as good as it does with so much racing history behind it is one of the reasons why it fetched $70 million. That kind of provenance is said to be unmatched among the lot of Ferrari 250 GTOs that are still around today. No wonder it’s now the most expensive car in the world, at least until another Ferrari 250 GTO sells for $100 million, something that Massina claims is going to happen within the next five years.

For now, though, the 1963 Ferrari “4153” 250 GTO is the most expensive car in the world.

References

1962 - 1964 Ferrari 250 GTO High Resolution Exterior
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Read our full review on the 1962 - 1964 Ferrari 250 GTO.

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Source: Express

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