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Ferrari 250 GTO sold for an amazing $25 million

Ferrari 250 GTO sold for an amazing $25 million

What crisis? People say there is a monetary crisis all over the world, but if you take a look at the recent auctions made in the automotive industry, you’d be scratching your head about what the heck everyone was talking about. Just recently a 1936 Bugatti Type 57SC Atlantic was sold for an amazing $30-$40 million, bringing it to the top of the list of the most expensive cars sold. Today we bring another piece of news like the Bugatti story: a 1963 Ferrari 20 GTO was sold by RM Auctions for an amazing $25 million. Not the most expensive car sold, but damn near close to it.

That’s not such a big surprise considering the 250 GTO is a very exclusive car. It was built between 1962 and 1964 and only 39 units were produced. It was powered by a V12 engine delivering an impressive 302 bhp at 7500 rpm. The 250 GTO is capable of making the 0 to 60 mph sprint in 5.4 seconds and can hit a top speed of 174 mph.

Max Girado – R.M.’s Euro M.D. – said: "The exclusivity of Ferrari’s 250 GTO cannot be understated. As they rarely come to market, new owners become part of a very exclusive ‘club’ and are welcomed with open arms at literally any of the world’s great concours events, races, and rallies. We are pleased to have been able to unite this exceptional car with a new and immensely enthusiastic owner. It’s fantastic that this car will now be used in earnest on the classic car scene around Europe."

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Video: Make sure your Ferrari 250 GTO is as clean as it can be

Video: Make sure your Ferrari 250 GTO is as clean as it can be

For all intents and purposes, a Ferrari 250 GTO deserves to be cleaned as often as a $10 million-dollar car should be cleaned, which is to say, all the time.

After all, you wouldn’t want any dirt, or grime, or any foreign substance to stick on your car, right?

This man knows all too well about that. Unfortunately, the 250 GTO that he’s ‘supposedly cleaning’ is far from his.

Check it out and spend the next minute or two laughing to your hearts content.

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1963 Ferrari 250 GTO up for sale

1963 Ferrari 250 GTO up for sale

One of the rarest and most desirable Ferraris in the world, the 1963 250 GTO, is currently up for grabs from the folks at RM Auctions. The 1963 Ferrari 250 GTO is one of only 39 in the world and is considered to be one of the most beautiful cars ever built by Ferrari, aside from being tremendously successful in competition, securing multiple World Championships for the Maranello based sports car builder.

According to Max Girardo, Managing Director of RM Europe, "The Ferrari GTO is unquestionably one of the most iconic and coveted cars in the world...This is truly a rare occasion for collectors to acquire such an important piece of automotive history and we are pleased to be chosen by [chassis number] 4675 GT’s current custodian to represent it on the open market." While the GTO originaly sold for $18,000 when new, an example of Ferrari’s first super has been valued at closer to $30 Million, however RM hasn’t given any leads as to what the asking price will be for this 250 GTO.

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1962 - 1964 Ferrari 250 GT Berlinetta lusso

1962 - 1964 Ferrari 250 GT Berlinetta lusso

In 1962, at the Paris Motor Show, Ferrari unveiled the final model in the 250 GT series. Called 250 GT Berlinetta lusso, the new model has been produced between 1962 and 1964 with 350 units being produced. The car replaced the 250 GT Coupe, were designed by Pininfarina and built by Scaglietti in Modena. Actor Steve McQueen is one of the famous car’s owners.

The 250 GT Berlinetta lusso was built on the short wheelbase of the earlier 250 GTs, but with a revised chassis and the engine moved slightly further forward providing additional interior room for the occupants.

A hit already among the 250 models, the single overhead camshaft, 60° V12 was once again used. For the 250 GT Berlinetta lusso the engine had a bore and stroke of 73mm x 58.8mm and delivered 250bhp at 7500rpm with a compression of 9.2:1. The engine was coupled with a 4-speed + reverse all-synchromesh gearbox, with final drive through a propeller shaft to the rigid rear axle, for which two alternative ratios were available.

The 0 to 60 mph sprint was made in less than 7 seconds, while top speed went up to 150 mph.

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1959 - 1962 Ferrari 250 GT Berlinetta passo corto

1959 - 1962 Ferrari 250 GT Berlinetta passo corto

In 1959 at the Paris Salon, Ferrari unveiled the 250 GT SWB Berlinetta - or "passo corto". It was designed by Pininfarina and built at the Scaglietti works in Modena. Built on a 2400mm chassis, the 250 GT Berlinetta passo corto was a natural continuation of the Ferrari 250 GT Tour de France.

This was the first Ferrari production road car to be fitted with disc brakes as standard and, unlike the preceding 250 GT Berlinetta series, was available in either left- or right-hand drive. It was also available in competition specification, with an aluminium body, lightweight interior trim, and the engine in a higher state of tune – or in ‘Lusso’ (luxury) road trim, when it was normally fitted with a steel body with aluminium opening panels.

Under the hood Ferrari placed a further development of the original Colombo-designed single overhead camshaft per bank V12 engine, with a capacity of 2953 cc, via a bore and stroke of 73 x 58.8 mm. The engine was delivering between 220 to 280 bhp, dependent upon specification. All versions were featuring four-speed transmission.

Continued after the jump.

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1957 Ferrari 250 GT Cabriolet

1957 Ferrari 250 GT Cabriolet

In 1957 at the Geneva Motor Show, Ferrari unveiled the 250 GT Cabriolet - a two-seater spider built for the more refined clientele. After the first 40 cars had been produced, a second series was created. To differentiate it from the more sporting 250 GT Spider California, the Cabriolet’s styling was made more sober, boot space was increased and it was made more comfortable inside. Production continued until 1962, and around 200 cars were built in all, with no two cars were completely identical.

Of course is not the first spider-bodied Ferrari, but until it cabriolets featuring proper folding soft tops had only been produced in relatively small numbers. So, in 1956 when Carrozzeria Boano exhibited a 250 GT Cabriolet, chassis 0461GT, it was the beginning of a new era. This was in fact the first 250 GT Cabriolet that lead to the first series of Pininfarina-designed cabriolets produced during 1957 and 1958.

Like most of the previous models, the 250 GT Cabriolet was built on a 2600 mm wheelbase and they were powered by a 3-litre version of the Colombo ’short-block’ V12 engine that delivered 240 hp.

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1956 - 1959 Ferrari 250GT Berlinetta

1956 - 1959 Ferrari 250GT Berlinetta

While Ferrari has a big history in building "berlinetta" model, the 250GT is the first one to be built. This car was perfect for both track and racing, and quickly after their unveiling they have become a the racer of choice amongst top drivers. The 250GT Berlinetta made its first appearance at Nassau in 1956. Only one year after, at the 1957 Tour de France, Ferrari took the top three places and proved the versatility of the car.

The "Tour de France" series of cars were the competition orientated berlinetta versions of the 250 GT road cars, designed for racing in the GT category. The car was designed by PininFarina and constructed in aluminum by Scaglietti.

The Ferrari 250GT Berlinetta was powered by the original Colombo-designed V12 engine now tuned by Ferrari to produce 240-280 horsepower using three downdraft Weber carburetors.

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1953 Ferrari 250 Europa and Europa GT

1953 Ferrari 250 Europa and Europa GT

In 1953 at the Paris Salon, Ferrari unveiled their first attempt in building a series production Grand Touring car. The new model called 250 Europa was offered in two versions of the model: the first 20 units were simply called 250 Europe, while the other 44 were being called 250 GT Europa. The difference between the two version was firstly made by the wheelbase: 2800mm for Europa and 2600mm for Europa GT; and secondly by the engine: first one was using a 3-liter Lampredi V12 engine and the second one a 3-liter Colombo V12 engine.

The GT version was revealed in 1954 at the Paris Salon, initially using the same 250 Europa name, but the GT suffix was soon added, to help differentiate it from its predecessor, and then it became known simply as the 250 GT. The overall shape of the majority of the series was virtually identical to that of the 250 Europa Pininfarina three window coupé that preceded it. In fact, unless you had a keen eye for dimensions, you would need a tape measure to tell them apart, the main difference being in the distance between the front wheel arch and the A-pillar.

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Video: Ferrari 250 TR crashes at Laguna Seca

Video: Ferrari 250 TR crashes at Laguna Seca

When we showed you the $8 million 1958 Ferrari 250 TR hit the tire wall at Laguna Seca over the weekend, all our evidences were constricted to photographs. But now, thanks to videos captured by those who were at the race, we now have video evidence of exactly what happened to David Love’s obscenely expensive ride.

We’ve seen a lot of cars that crash in races over the years but not to the extent of this one. And it’s not because of the damage either, which if you look at the photos we showed, isn’t all that much – a few detailing tweaks here and there and banging sheet metals should do the trick. This car crash is significant because, well, the car that got introduced into the tire wall is one of the most expensive cars in the history of the world. One even got sold a few months ago for a cool $12 million!

While the video does give chills down our spines, we’re still compelled to show this to you guys. After all, how often do you see a car that can be sold for about four Bugatti Veyrons skirt the gravel and crash into a tire wall?

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Ferrari 250 TR crashes into tire wall at Laguna Seca

Ferrari 250 TR crashes into tire wall at Laguna Seca

Our friends at Autoblog were fortunate – or unfortunate, depending on how you can stomach a multi-million dollar car getting gslammed in a tire wall– to capture a staggeringly expensive Ferrari 250 TR run a few laps at the Laguna Seca Speedway.

For those who don’t have any idea just how expensive a Ferrari 250 TR really is, consider that just a few months ago, one such model was sold at an auction for over $12 million dollars, making it the most expensive car in history. So you’d expect that the owner of this particular 250 TR would be extra careful running it around Laguna Seca’s notorious track, maybe take it out for a leisurely cruise in front of gawking spectators.

Apparently, the owner had other ideas in mind. Whether or not he was just showing off his car or he completely lost his mind, the tore up the track and ended up ramming his $8 million dollar ride into a tire wall. We’re beyond speechless.

Continued after the jump.

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2008 Ferrari F250 Concept Design by Idries Omar

2008 Ferrari F250 Concept Design by Idries Omar

Idries Omar wanted to create a simple, fast, aerodynamic and beautiful car, that combines styling queues from Ferrari old and news. And he did! With the Ferrari F250 (250 comes from the legendary 250 GTO).

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1962 - 1964 Ferrari 250 GTO

1962 - 1964 Ferrari 250 GTO

The Ferrari 250 GTO was a sports car and auto racing car made by Ferrari in the early 1960s. It is widely considered to be the quintessential Ferrari model, and one of the greatest sports cars - indeed, one of the greatest automobiles - of all time.

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