The 250 GTO is one of the most legendary cars ever produced. It is certainly second to none on the list of the most desired cars. If God would choose a car to drive on earth it would probably be the 250 GTO.
The “250” stands for each of the twelve cylinders volume in cubic centimeters. Hence, the 250 GTO came with a 3 liter V12 that is able to conjure 300 horsepower. It’s actually the same engine that was used in Ferraris most successful race through times, the 250 Testarossa.
The 250 GTO and other Ferraris that was produced in the 60’s all were constructed in the same fashion; hand welded tube frames, A-arm front suspension, live-axle rear end, disc brakes and Borrari wire wheels. In line with its racing heritage the GTO’s interior was extremely basic, to the point where a speedometer wasn’t even installed in the instrument panel. The Porsche 5-speed gearbox featured in the 250 GTO was revolutionary and it became the archetype for modern Ferrari gearboxes.
The racing organization FIA’s regulations demands the sale of a few production cars based on the race vehicle the manufacturer the wishes to enter and the 250 GTO was a homologation that allowed for Ferrari to enter FIA’s Group 3 Grand Touring Car category.
FIA regulations as they applied in 1962 demanded 100 road cars. By numberings its chassis out of sequence and skip numbers Ferrari was able to produce a lot let than a 100 cars – 39 to be exact. Because of the extremely limited production run customers had to be personally approved by Enzo Ferrari and his dealer for North American, Luigi Chinetti.
A Chinese Ferrari customer recently said: ”There are three things worth investing in right now: Warhol’s, diamonds and classic Ferraris”. This is particularly true with the 250 GTO. A specimen was purchased by a drug dealer named Robert C. Chris “Murray” in Beverly Hills for 250.000 dollars was later seized by the FBI and sold in 1987 for $1.6 million. British entertainer Chris Evans is understood recently to have sold his Series II 250 GTO for about £18 million, making a £6.5 million profit in just 2 years. In May 2012 a 250 GTO made for Sterling Moss was sold for $35 million.
Notable owners include Ralph Lauren and Nick Mason, with the Pink Floyd star often spotted driving around England in his model, which has the plate ‘250 GTO’.
Author: Olle Elander Wistén