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

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