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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