RE: Check out the most valuable Ferrari ever auctioned
Discussion
I don't get why you wouldn't race a real one.
You could feed it through a shredder and rebuild it and it would still cost a minute fraction of the purchase price.
I find these... fine. There are rarer and better looking Ferraris. Maybe being slightly more numerous supports higher prices as it's a bit more liquid a market.
You could feed it through a shredder and rebuild it and it would still cost a minute fraction of the purchase price.
I find these... fine. There are rarer and better looking Ferraris. Maybe being slightly more numerous supports higher prices as it's a bit more liquid a market.
When I was a teenager, I remember looking through old copies of Motorsport (and a few other titles) magazine at my uncles house from the 60's/early 70's and finding small ads listings at the back for things like Ferrari 330 P4, Maserati Birdcage and a Ferrari 500 Mondial. They were all a few hundred quid or nearest offer. I said to him how on earth can this be real and he just said that at that time they were old, uncompetitive race cars that you couldn't get spares for, wouldn't want to use on the road and that nobody had a use for any more....
I guess it's the racing history that gives the GTO its price and therefore the reverence people throw at it, but the GTO isn't the one I'd buy the 250 GT SWB Berlinetta is a much better looking car to my eyes, massively so. I really don't like the front end of the GTO it's not in proportion to the rear of the car, with that thin lipped grill.
The SWB Berlinetta is perfect however.
Q Car said:
When I was a teenager, I remember looking through old copies of Motorsport (and a few other titles) magazine at my uncles house from the 60's/early 70's and finding small ads listings at the back for things like Ferrari 330 P4, Maserati Birdcage and a Ferrari 500 Mondial. They were all a few hundred quid or nearest offer. I said to him how on earth can this be real and he just said that at that time they were old, uncompetitive race cars that you couldn't get spares for, wouldn't want to use on the road and that nobody had a use for any more....
I remember reading somewhere that someone swapped a GT40 for a nearly new Vauxhall Viva back in the day. Hope they got some use out of it. It doesn’t really matter why the 250 GTO is ‘the’ Ferrari - it just is. It’s probably the most successful GT that they produced and it’s the ultimate of the 250 line that has dominated Ferrari values historically. They’ve always been perceived as special, and have never really been cheap in an accepted sense. The earlier point about there being an essential market because there are a few of them is also probably valid.
They are exceptional and they’ve just become an accepted part of the top level of classic car ownership, and will likely remain that way. The art market is the same - it is based upon substance but the particular reason why one artist massively outranks another is often in the margins.
Real ones do still race too - there are replica’s owned by owners of originals but more real ones have raced Goodwood than fake..
I’d love one tbh but would probably have a 250 SWB, 275GTB, Alfa Monza, Bugatti 35B, D Type, DB3S and perhaps an XJR12, 956, 6R4 and 911RS…and change!
They are exceptional and they’ve just become an accepted part of the top level of classic car ownership, and will likely remain that way. The art market is the same - it is based upon substance but the particular reason why one artist massively outranks another is often in the margins.
Real ones do still race too - there are replica’s owned by owners of originals but more real ones have raced Goodwood than fake..
I’d love one tbh but would probably have a 250 SWB, 275GTB, Alfa Monza, Bugatti 35B, D Type, DB3S and perhaps an XJR12, 956, 6R4 and 911RS…and change!
Fear not Wills, I don’t think anybody has ever looked at a 250SWB and said: Hmm, yes, now that’s a f
king ugly motor.
By and large, you generally look at an SWB and a GTO then go and shake Mr Scaglietti’s hand as you ponder your lowly place in the universe next to such artistic greatness.
king ugly motor.By and large, you generally look at an SWB and a GTO then go and shake Mr Scaglietti’s hand as you ponder your lowly place in the universe next to such artistic greatness.
It doesn’t really matter why the 250 GTO is ‘the’ Ferrari - it just is. It’s probably the most successful GT that they produced and it’s the ultimate of the 250 line that has dominated Ferrari values historically. They’ve always been perceived as special, and have never really been cheap in an accepted sense. The earlier point about there being an essential market because there are a few of them is also probably valid.
They are exceptional and they’ve just become an accepted part of the top level of classic car ownership, and will likely remain that way. The art market is the same - it is based upon substance but the particular reason why one artist massively outranks another is often in the margins.
Real ones do still race too - there are replica’s owned by owners of originals but more real ones have raced Goodwood than fake..
I’d love one tbh but would probably have a 250 SWB, 275GTB, Alfa Monza, Bugatti 35B, D Type, DB3S and perhaps an XJR12, 956, 6R4 and 911RS…and change!
They are exceptional and they’ve just become an accepted part of the top level of classic car ownership, and will likely remain that way. The art market is the same - it is based upon substance but the particular reason why one artist massively outranks another is often in the margins.
Real ones do still race too - there are replica’s owned by owners of originals but more real ones have raced Goodwood than fake..
I’d love one tbh but would probably have a 250 SWB, 275GTB, Alfa Monza, Bugatti 35B, D Type, DB3S and perhaps an XJR12, 956, 6R4 and 911RS…and change!
LotusOmega375D said:
They used to come along like buses. Rainy day at Silverstone 30+ years ago. Jack Sears’ car at front, TC Harrison brothers’ cars behind.
Love these shots, illustrate the hand-built nature of these cars, not a matching rear wheel arch vent between the 3 of them in the shot from the rear.Robertb said:
I love how Nick Mason used to drive his daughter to school in his.
With values like this I’m grateful to the owners who race them at Goodwood etc and give folk the chance to see them in proper action.
I heard a lot of these are just well executed replicas at this point. Sure the people who put them in to be raced do actually own the original but have a well done replica as well.With values like this I’m grateful to the owners who race them at Goodwood etc and give folk the chance to see them in proper action.
Genuine question. Will these long term hold value (it likely doesn't matter). My thinking is you wake up one morning and realise your super rich so think right off I go to buy the most amazing poster car of my era or my mum or dad's era. So take me born 1978. I would want a Mclaren F1 it's still a £20m car but I have more of a connection to it than this.
The 250GTO is an art work so I do get that but to a super rich car collector is it just part of the puzzle of really would you perhaps want 288, F40, F50, Enzo, La Ferrari and the Daytona as your collection.
Me for example F1, F1 LM, P1, P1 GTR , Speed tail, Senna. They are not £50m but may as well be etc. Its not a question of what would I spend my imaginary money on more what means something too me.
Is there a huge market for Dussenbergs for example or are there more cars than collectors etc
The 250GTO is an art work so I do get that but to a super rich car collector is it just part of the puzzle of really would you perhaps want 288, F40, F50, Enzo, La Ferrari and the Daytona as your collection.
Me for example F1, F1 LM, P1, P1 GTR , Speed tail, Senna. They are not £50m but may as well be etc. Its not a question of what would I spend my imaginary money on more what means something too me.
Is there a huge market for Dussenbergs for example or are there more cars than collectors etc
Easily one of the most beautiful cars of all time. I saw one in the flesh at the Enzo Ferrari museum a few years ago and just stood happily looking at it for ages. There was a 212 Inter Coupe, 250 California, 330 GTC, 375 MM and a 750 Monza. As stunning as they all are, I'd take the 250 GTO every time.
Gecko1978 said:
Is there a huge market for Dussenbergs for example or are there more cars than collectors etc
At up to $22 million for one I'd say yes there is a market for them. https://www.motorauthority.com/news/1118444_this-d...
At the very pinnacle of the market there are more buyers than cars, even for old stuff like Duesenbergs, because you can show off at Pebble Beach concours etc. In fact you may remember those nauseating “investment” companies who used to go around hoovering up these blue chip cars and sticking them away, with the intention of handing out a fat profit a few years later to their foolish subscribers. Very few, if any, of these schemes were successful and had the added effect of taking important cars out of the public eye.
Further down the value chain, age is definitely a factor. E-Type values are well on the slide as their fan base dies out. Pre-war cars have long been difficult to shift, since they are now only for the true enthusiast.
But for something like a 250 GTO it transcends generations, like high value artwork, so will always be a valuable commodity.
Further down the value chain, age is definitely a factor. E-Type values are well on the slide as their fan base dies out. Pre-war cars have long been difficult to shift, since they are now only for the true enthusiast.
But for something like a 250 GTO it transcends generations, like high value artwork, so will always be a valuable commodity.
If the UIenhaut 300 SLR is unlikely to beaten in a generation (not inflation adjusted in any case), and the 250 GTO would be most commonly recognised as world's 2nd most valuable car - I wonder what else is out there that might fit in-between? Yes yes i know many of these purchases are just vessels for money, but regardless it's still interesting to explore...
What about the 1995 Le Mans winning McLaren F1? a $20m car as a base, throw in one of the most incredible motorsport stories in history, *and* motorsport's most amusing sponsor.... $70m of anyone's money?
What about the 1995 Le Mans winning McLaren F1? a $20m car as a base, throw in one of the most incredible motorsport stories in history, *and* motorsport's most amusing sponsor.... $70m of anyone's money?
Andy83n said:
Or a much prettier 250 GTSWB, 288 GTO, F40LM, F50, Enzo, LaFerr and LaFerr Apetra and a chunknof change instead?
Cost is not important at this level of purchasing.If you can spend over $50m on a Ferrari, you will already have a 250 GTSWB, GTO, F40, etc already in your collection if you want them.
It's not about buying a different Ferrari because it's better value. It's about buying a 250 GTO because you want one.
Lots of people decrying this car as 'an instrument of wealth' but I don't see it that way. Most owners seem to be collectors, rather than investors, in the same way that most people buying expensive art are collectors.
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