The Classic Car Market says, “The $100-M Ferrari 250 GTO is Coming”

The Big Q: Is a $100-M 250 GTO in the near future?

The Big A: We do see it coming, the odds are in its favor.

The 1st $100-M car.

I remember’spitting blood to sell 1 in Y 1969 for $11,000, and just 50 yrs later they are selling in the 10’s of millions.

There are a lot of super-rich people in this world, people who are extremely successful, and who like to reward themselves with something nobody else can have.

And with a very limited number of series 1 GTOs made by Ferrari acquiring 1 is slim to none.

The super-rich keep getting richer and so the vintage and classic Ferrari market for the best-of-the-best Tier 1 trophy cars remains very strong.

The super-rich are getting richer, and so are their buying habits, 8 to 9 figure purchases are common for Tier 1 examples of all rarities from diamonds, watches, to classic and vintage Ferraris and Alfa Romeos.

Last year, a painting of Jesus holding a crystal orb, dubbed “Salvator Mundi” and believed to be painted by Leonardo da Vinci around Y 1505, brought in $450-M at a Christie’s auction in Manhattan.

On such a scale, a Ferrari Series 1 250 GTO that can be experienced through showing, driving and racing Vs being hung on a wall can seem to be a good value.

Prices for these Classic Ferrari’s is Up.

Our data on the Ferrari 250 GTO sales since Y 2010

2010: s/n 4675 GT, $17-M
*Private treaty sale, reported price

2012: s/n 4675 GT, $25-M
*Private treaty sale, reported price

2012: s/n 3505 GT, $35-M
*Private treaty sale, reported price

2012: s/n 5095 GT, $52-M
*Private treaty sale, reported world record

2014: s/n 3851 GT, $38.1-M
*Bonhams auction, world auction record

2017: s/n 3387 GT, $56-M
*Private treaty sale, reported world record

2018: s/n 4153 GT, $70-M+
*Private treaty sale, reported world record

2018: s/n 3413 GT, $48.4-M
*RM Sotheby’s (NYSE:BID) auction, world auction record

Should you want 1, let us know, we know each 1 of them, their provenance, racing history and currant owners, and do have the 1st $100-M 250 GTO in the stable, it can be yours.

Note: I sold the 1st $100-K and the 1st $1-M in history, it is in my DNA.

Have a terrific week.

  250, Alfa, auction, Classic, driving, Ferrari, GTO, price, racing, rich, Romeo, sale, series, showing, super, Vintage

The following two tabs change content below.

• Bio
• Latest Posts

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.

Latest posts by Paul Ebeling (see all)

• Commentary: Paul Ebeling on Wall Street - April 22, 2019
• The Street’s Key Stock Analysts Research Reports - April 22, 2019
• Cannabis Vs Cancer - April 22, 2019