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The third 250 GTO ever built has a respectable racing history under its belt
Not long after a 1963 Ferrari 250 GTOwas sold for a staggering $70 million, another is coming up for sale. At RM Sotheby's Monterey sale in late August, a 1962 250 GTO carries a pre-auction estimate of more than $45 million. Reportedly all original 250 GTOs built between 1962 and 1964 have survived, and they are all worth serious money.
This 250 GTO, chassis number 3413GT, started its life as a works car tested by American racer Phil Hill at the 1962 Targa Florio road race. The third one built in a 36-unit production run, the car won numerous races in the hands of its first private owner, Edoardo Lualdi-Gabardi, who won the Italian National GT championship with it. Later on, Gianni Bulgari of Bulgari jewelry fame continued to race the car, and miraculously it was never crashed, nor did it have to discontinue a race. Despite that, 3413GT received a new, Series II specification body by Carrozzeria Scaglietti in 1964.
The Ferrari was last sold in 2000 for an already respectable $7 million, and it wasn't stowed away for two decades: it's been seen at countless classic events and vintage races. RM Sotheby's says the car has been maintained in "highly original" condition, and it will be interesting to see how it performs at the auction, compared to a previous 250 GTO auction record of $38 million in 2014. At the very least, 3413GT's estimate makes it the most valuable car ever put up for auction.
Man I love that the previous owner actually used, drove and enjoyed his Ferrari. IMO its a bit silly to own something like this without showing it off, driving it, etc.
Last night, racing legend Derek Bell drove the Ferrari onstage, and bidding was opened at a breathtaking $35 million. Three bidders were involved in the sale, and the complete sum including fees came to $48,405,000. The auction house knew it was going to be expensive, having estimated the car at more than $45 million in June. It handsomely topped an earlier Ferrari 250 GTO record of $38 million.
The Ferrari, the third one out of a 36-car production run and complete with significant racing history, has a numbers-matching powertrain and a Scaglietti-built Series II body. It has been with its previous owner since 2000, and the last time it was sold it commanded $7 million. The $40-million bump in value is simply incredible, Ferrari 250 GTO or not. And all this time the car hasn't just sat, appreciating; it has been seen in numerous classic events, in actual use.
Man I love that the previous owner actually used, drove and enjoyed his Ferrari. IMO its a bit silly to own something like this without showing it off, driving it, etc.
I agree completely, but you can bet that whoever paid $48 million for it won't be entering it in any more racing events.
At that price, it's a museum piece imho. Last thing anyone would want is some celebrity driving it at a charity event and wrecking it.
Even some of those cars that Wayne Carini buys, I mean $700k for a 400GT? Nuts, they are only going to be purchased by a very limited number of people imho. I would offer maybe 475k, but it's doubtful it would be entertained. Plus helocs are no longer tax deductible.
hard to say, some owners just love cars and they drive their cars everywhere, despite cost. the owner of the gt250 has a fleet of cars and he drives/races/shows them everywhere. being a billionaire, 40m is a lot of money but not like death sentence. plus i would imagine their cars are pretty well insured.
hard to say, some owners just love cars and they drive their cars everywhere, despite cost. the owner of the gt250 has a fleet of cars and he drives/races/shows them everywhere. being a billionaire, 40m is a lot of money but not like death sentence. plus i would imagine their cars are pretty well insured.
Totally valid points. But one would hope as a human being, those vehicles would be treated with some care and respect...
06-20-18, 06:45 PM
1962 Ferrari 250 GTO with $45M estimate
