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.
The Classic Car Market says, “The $100-M Ferrari 250 GTO is Coming” added by Paul Ebeling on
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Paul Ebeling
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