1963 Ferrari 250 GTO Sells for $70 Million

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Photo Credit: Raphael Dauvergne

1963 Ferrari 250 GTO Sells for $70 Million

All classic cars are beautiful pieces of art, but some are the Mona Lisa. Regardless of what body style a Ferrari is, it is more than likely going to increase in value. Not too many years ago a 308 could be purchased for less than $30k and now a low milage, clean 308 is bringing well over $70k

On the other side of the Ferrari spectrum is the LaFerrari. We are now witnessing prices in excess of $3 million for the LaFerrari and other Ferraris are bringing $20 to $30 million, but earlier this week a rare 1963 Ferrari GTO 250 fetched $70 million.

Photo Credit: Raphael Dauvergne

This gem is a Tour de France-winning 1963 Ferrari 250 GTO. The vehicle bears the chassis number 4153 GT. Only 39 of these 250’s were built, but another rarity, especially with this one being a race car, is that this piece of art is reported to have never been wrecked.

“The Ferrari 250 GTO is the motoring market’s equivalent of Van Gogh’s “Sunflowers” and a talisman for any top-end collection,” said James Knight, Group Motoring chairman at UK auction house Bonhams. “And the GTO that recently sold is one of the best five extant. It doesn’t mean that a Jaguar E-Type is all of a sudden worth more, but it does instill reassurance and confidence that collectors are willing to pay new levels to secure the right car.”

We marvel until the next step in the future of Ferrari sales evolution.

Photo Credit: All photos herein are the property of Raphael Dauvergne and were published by MyclassicNEWS with their permission and consent. All content herein, other than property published by permission, is the property of myclassicnews.com and any reproduction, other than normal social media sharing, is strictly prohibited. Copyright ©, myclassicnews.com. For reprint permission contact us at rick@tessarect.com

 

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