Ferrari 250 GTO Sets World Record Sale at $69.43-M

Ferrari 250 GTO Sets World Record Sale at $69.43-M

Ferrari 250 GTO Sets World Record Sale at $69.43-M

$RACE

Vintage and Classic Ferraris are holy grail of collector cars, and the 250GTO’s are the most sought after and revered. The 250GTO is a 174mph road-legal racing car and just 36 built between Ys 1962 and 1964.

For years the Ferrari has been and continues to be the Top of the motoring world

Today, I learned that a Germany based 1963 Ferrari 250 GTO s/n 4153 that won the Tour de France in Y 1964 sold for nearly $70-M, a world record sale.

Ferrari historian, Marcel Massini described the car as one of the Top 4 GTOs in the world, confirmed this car has been bought by an American businessman in a private treaty transaction.

I have been following Ferrari as an owner for over 50 years and am confident a GTO or like era model will be sold for $100-M sooner rather than later.

This GTO was restored in the 1990’s by DK Engineering, Hertfordshire, UK. DK was not involved in the transaction.

Note: The Ferrari 250 GTO is the most sought after car in the world, because of its blend of looks, rarity and performance. Ferrari fitted it with a 3-litre V12 engine which developed more than 300bhp.

I had 1 in 1969 and spit blood to sell it for $11-K.

Symbol Last Trade Date Change Open High Low Volume
NYSE:RACE 132.81 1 Jun 2018 1.46 133.66 133.81 131.44 193,081
HEFFX-LTN Analysis for RACE: Overall Short Intermediate Long
Bullish (0.30) Neutral (0.19) Bullish (0.28) Bullish (0.42)

Have a terrific weekend.

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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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