The Ferrari 250GTO is the World’s Most Sought After Car

The Ferrari 250GTO is the World’s Most Sought After Car

The Ferrari 250GTO is the World’s Most Sought After Car

$RACE

Ferrari 250 GTO is most sought-after classic or vintage car due to its looks, rarity and performance

Onls 36 were built by Italian manufacturer and this car, a Y 1962 Series 1 model was 2nd to roll off the line line at Marenello. It raced at Le Mans and Sebring, 53 yrs ago, it is still fast, fast, fast. Top speed 170 mph.

It was a Ferrari factory test car before being sold to Luigi Chinetti and his North American Racing Team (NART).

This car, s/n 3387, is now on the market for the 1st time in about 20 years at $55-M and resides in the UK. Normally, private sales of these cars are not made public by the owners or their agents.

This was the 1st GTO to be raced, with Phil Hill driving it to 1st in its class and 2nd overall at the 12-hour Sebring race.

The car was then raced at the 1962 Le Mans 24-Hour race where it finished 3rd in its class and 6th overall. Between Y’s 1962 and 1965 it was campaigned at a series of lesser club races.

In Y 1969, it was sold for $5,400 and then again, later that year, for $11,000..

The car changed hands in Y 1975 when it was bought by a Mr Steve Griswold for $13,000 who restored the car before selling it in Y 1978 for $125,000.

The car is said to be presently owned by Bernard J. Carl, of Washington, DC.

Bernard J. Carl started out as a real estate attorney. In the late 1980’s he made a name for himself in finance after becoming one of the leading experts on mortgage-backed securities on Wall Street.

He worked for Solomon Brothers before being hired away by billionaire Texas investor Robert M. Bass. Today, Carl is the co-founder of his own firm, Brazos Europe Inc.

Over the last 10 yrs, Brazos has invested in everything from Canadian Crude Oil, to Nat Gas in Chile, to a French luxury linens maker.

In Y 2006, Brazos set up a $300-M fund to specifically acquire family-owned luxury businesses in France.

Mr. Carl purchased his GTO in September 1997 for an undisclosed price. It is known that the previous owner, Dr. Ron Finger of Florida, turned down $3.75-M at some point in the late 1990’s and specifically wanted $4-M.

The car has has been shown at numerous concours events around the world and was recently on display in a museum.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 53.53 10 November 2016 -0.68 53.46 54.21 52.83 750,800
HeffX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.37) Neutral (0.15) Bullish (0.42) Very Bullish (0.54)

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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