The 1962 Ferrari 250 GTO – On Sale For $64 Million

The 1962 Ferrari 250 GTO – On Sale For $64 Million

The iconic Ferrari 250 GTO was put up for sale in Germany priced at $64 million, and is alleged to be one of only 39 Ferrari 250 GTOs that left the Ferrari factory. If it’s true and the seller gets his asking price the 250 GTO Ferrari could become the world’s most expensive car! It’ll for sure attract the attention of the world’s best collectors.

Last October, a vintage 1963 Ferrari 250 GTO was sold for a record US $52 million to a private buyer. The Ferrari 250 GTO was produced from 1962 to 1964. The car was designed to race with a 3.0 L V12 engine and 300 HP which was perfect for the time it was introduced.

The car sports the familiar combination of red body paint and blue interior. The first 250 GTOs began to sell for over $1 million in 1986 and since then it has grown in value by almost 50 times! Ferrari built only 39 250 GTOs (33 of the “normal” cars, three with the four-litre 330 engine sometimes called the “330 GTO” – recognizable by the large hump on the bonnet – and three “Type 64″ cars, with revised bodywork).

Giotto Bizzarrini designed the car to win World Championships. The sale of the car does include a 19 percent VAT, which would net the government approximately $10 million dollars in taxes. The 250 GTO was one of the last front-engined cars to remain competitive at the top level of sports car racing. Before the advent of vintage racing the 250 GTO, like other racing cars of the period, passed into obsolescence. Some were used in regional races, while others were used as road cars.
The 250 GTO is model that most completely embodies the characteristics of the brand, and that is why it became the most valuable Ferrari.