The Legendary Ferrari 250 GTO in Full On Racing Mode

The Legendary Ferrari 250 GTO in Full On Racing Mode

The Legendary Ferrari 250 GTO in Full On Racing Mode

$RACE

Thee 250 GTO to Ferrari (NYSE:RACE) purists is the pinnacle of The Scuderia, it is a rare, exotic, and thoroughbred racecar, and the most expensive car in the world.

There are just 39 examples, including one 330 GTO and the 3 Series II’s.

The 1964 model is mechanically similar to the ’62 and ’63 models, the ’64 breaks the mold with a wider track made possible by fitting slightly wider wheels. From an aesthetic POV, the ’64 resembles the 250 LM a bit.

For the 1964 GT racing reason, Enzo Ferrari wished to field the mid-engined 250 LM. But the FIA rejected Ferrari’s homologation, forcing the Scuderia to use the GTO.

And that, Ferrari lovers, is how chassis no. 5571GT, 5573GT, and 5575GT became 250 GTO ’64 or Series II.

The entire GTO line up is expensive in the extreme,  they have Blue-Chip investment appeal to them. Though in Y 1969 one was just an old race car, I know we had one, and spit blood to sell it for $11,000.00. Today, is worth about $60-M.

Watching one run in full racing mode is impressive to watch as it runs a fast and winding circuit.

The owner of this particular ’64/Series II took his racer to Circuit Park Zandvoort in the Netherlands, a race track with 13 highly-technical corners.

The last time a Formula 1 Grand Prix was held at Zandvoort was Y 1985, with Niki Lauda winning the race with the McLaren MP4/2B. Alain Prost finished 2nd in his McLaren, at a mere 0.2 secs behind Niki Lauda.

Press play if you want to see and hear arguably the best 2.5 mins you will spend today.

There are 50 Tier 1 Vintage & Classic Golden Era Ferrari sports and racing cars, the 250GTO is in the Top 3. Stay tuned, from now until the end of this 70th Anni year I will feature them in this column.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 68.43 17 March 2017 -0.91 69.28 69.28 68.4 293,600
HeffX-LTN Analysis Overall Short Intermediate Long
Bullish (0.48) Bullish (0.29) Very Bullish (0.73) Bullish (0.42)

Have a terrific weekend.

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH