25 June, 2018

Ferrari 250 GTO - The First £100m Car?

Not too long ago we wrote an article which explored the ground-breaking private sale of a Ferrari 250 GTO for a cool £52m ($70m). Now the most expensive car ever, you can read the article here - Record £52m Sale for Ferrari 250 GTO.

Buying a car for £52m may seem foolhardy but don't forget, there were only 36 made and they are steeped in racing history. In addition to this, they don't appear in auction often and this is making their prices increase rapidly. 

Now we have eclipsed the £50m mark, there is another 250 GTO heading into auction but the question is, can a car sell for £100m? Yeah, it's a massive jump but has the current owner, Greg Whitten, produced a masterstroke in selling his GTO now?

Let's take a closer look at the chassis #003 Ferrari 250 GTO.

#003 Ferrari 250 GTO 

Despite being the third 250 GTO ever made, it still comes with its original engine, gearbox and bodywork which, in itself, is remarkable. 

Further illustrating its invulnerability, the car has never broken down or been in any accidents!

The best part is that the car's condition is just as good as its racing heritage. It's appeared in over 20 racing events which included winning the 1962 Italian National GT and the 1963 and 1964 Targo Florio open-road endurance races.

Although this Ferrari has a certain elusiveness for damage, the same can't be said for this one! 

Hands in mouth moment. Take a look at the time a Ferrari 250 GTO took a wobble at Goodwood. Credit:  Goodwood Road & Racing

Final Words

There is no disputing that the winning bidder of this Ferrari will be the owner of a historic car. The auction record is still £29m which has stood since 2014.

With the estimate already above the record, we are expected to see one nonetheless.

Are we finally going to see a £100m car? Or is this auction going to be another tease? 

The auction took place and the car sold for £37.5m ($48.4m)! This set a new auction record for a Ferrari 250 GTO sold in auction.

What are your thoughts on the Ferrari 250 GTO? Share and let us know!

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Ferrari 250 GTO receives $45m Estimate
Ferrari 250 GTO receives $45m Estimate
Ferrari 250 GTO receives $45m Estimate
Ferrari 250 GTO receives $45m Estimate
Ferrari 250 GTO receives $45m Estimate
Ferrari 250 GTO receives $45m Estimate