RE: Ferrari 250 GTO expected to fetch $45m at auction

RE: Ferrari 250 GTO expected to fetch $45m at auction

Author
Discussion

mike74

3,687 posts

133 months

Thursday 21st June 2018
quotequote all
What a st video.

Just out of interest, what's the lowest recorded price that a 250 GTO has ever sold for?

tr3a

494 posts

228 months

Thursday 21st June 2018
quotequote all
Meh. I still prefer the spine tingling sound of a pre-war Bugatti blown straight eight at full song. Much cheaper, too.

williamp

19,265 posts

274 months

Thursday 21st June 2018
quotequote all
mike74 said:
What a st video.

Just out of interest, what's the lowest recorded price that a 250 GTO has ever sold for?
From the other GTO thread:

Ive got an article somewhere with anthony bamford. He wanted one of the Bond DB5 back in the late 60s, and approached the film people. They agreed on the sum of £1500. He thought that was good value (a new capri was £890). He had actually bought BOTH film cars for £1500, so swapped one for his 250GTO. So less then a price of a new ford capri.

cherryowen

11,717 posts

205 months

Thursday 21st June 2018
quotequote all
peteA said:
Google petrolicious 250 GTO - video much better
Very much this; driven by Phil Hill's son

IIRC the video also confirms the one going up for sale is a Mk2 GTO



thegreenhell

15,404 posts

220 months

Thursday 21st June 2018
quotequote all
Pericoloso said:
oli_quick said:
oooh....it is a 250 GTO 64!!

my mistake

https://www.supercars.net/blog/1964-ferrari-250-gt...
Not a 64 either ,article says it's one of the first GTO's from 62.
It's one of three cars rebodied and updated by the factory in 1964 to 'series 2' spec, in addition to the three new cars made to this spec in '64.

ntiz

2,343 posts

137 months

Thursday 21st June 2018
quotequote all
tr3a said:
Meh. I still prefer the spine tingling sound of a pre-war Bugatti blown straight eight at full song. Much cheaper, too.
You know a car is expensive when a prewar Bugatti is the bargain option. biggrin

ellroy

7,038 posts

226 months

Thursday 21st June 2018
quotequote all
Met the owner of the $70m car last Friday at Le Mans.

Thoroughly decent chap, thanks for the beers!, minted does not begin to cover it....

BVB

1,104 posts

154 months

Friday 22nd June 2018
quotequote all

This article contains images of a series 2 GTO which is rather different in looks to the series 1. Considering the chassis number of the car concerned in the article is the 3rd made, surely some correct photographs of a series 1 should be used.

lotuslover69

269 posts

144 months

Friday 22nd June 2018
quotequote all
All of the GTOs have slight differences, but this is a series 2 GTO and only 2 were produced.

Also worth checking out the 250 GT Drogo

lotuslover69

269 posts

144 months

Friday 22nd June 2018
quotequote all
donutskidmark said:
Don’t these GTO’s often get beaten by lightweight E Types at historic race events?
The Lotus Elven GT "giant killer"

recently beat Ferrari GT breadvan and a host of other cars in a historic race. Problem is though that the Eleven GT was worth a fraction of the value of those other cars so the driver was much more spirited where as the ferraris tend to be driven a little less competitively.




Edited by lotuslover69 on Friday 22 June 01:58

Burwood

18,709 posts

247 months

Friday 22nd June 2018
quotequote all
ellroy said:
Met the owner of the $70m car last Friday at Le Mans.

Thoroughly decent chap, thanks for the beers!, minted does not begin to cover it....
What impressed you was his bank roll? I thought you’d say ‘his passion for cars had no boundaries’.


LotusOmega375D

7,641 posts

154 months

Friday 22nd June 2018
quotequote all
BVB said:
This article contains images of a series 2 GTO which is rather different in looks to the series 1. Considering the chassis number of the car concerned in the article is the 3rd made, surely some correct photographs of a series 1 should be used.
I can only assume that the original Series 1 body was scrapped when it was updated to Series 2 specification in 1964. There are photos around of it competing in Series 1 form in 1962 and 1963 prior to the upgrade.

Of course, if the original Series 1 bodywork does still survive somewhere, it would be nice to have it returned to the original chassis. What no-one wants is two different cars claiming to be the same one!

In my opinion, this presents an opportunity to get a "bargain" 250 GTO. It's a customer car with really only Italian club event + Targa Florio period history that was rebodied to the less attractive 1964 style.

That's why it won't make nearly as much as the other recent private sale.

Bonefish Blues

26,815 posts

224 months

Friday 22nd June 2018
quotequote all
250GTO i.e. the Nick Mason car et al is the better shape I think.

I still remember the Car magazine eulogy from my youth (incl., IIRC steering around a mid-corner rabbit, wasn't it?)

robm3

4,930 posts

228 months

Friday 22nd June 2018
quotequote all
There's another 250 GTO sitting in a humidified garage in Hong Kong. I had the opportunity of seeing it about 4 years back.
Owner is extremely media sensitive though so sadly no pictures.

One thing that struck me is how 'rough' the finish is on that particular GTO, I guess they were made to win so not concourse or luxury in any way.

(truth is I was a little unimpressed but made all the right 'wow' 'oooo' 'ahhhh' sounds as appropriate)


LotusOmega375D

7,641 posts

154 months

Friday 22nd June 2018
quotequote all
robm3 said:
There's another 250 GTO sitting in a humidified garage in Hong Kong.
Blimey, that'll be in a right state by now then! wink

Bonefish Blues

26,815 posts

224 months

Friday 22nd June 2018
quotequote all
LotusOmega375D said:
robm3 said:
There's another 250 GTO sitting in a humidified garage in Hong Kong.
Blimey, that'll be in a right state by now then! wink
hehe

mike74

3,687 posts

133 months

Sunday 24th June 2018
quotequote all
williamp said:
From the other GTO thread:

Ive got an article somewhere with anthony bamford. He wanted one of the Bond DB5 back in the late 60s, and approached the film people. They agreed on the sum of £1500. He thought that was good value (a new capri was £890). He had actually bought BOTH film cars for £1500, so swapped one for his 250GTO. So less then a price of a new ford capri.
Fascinating, thanks for that, quite remarkable.

thegreenhell

15,404 posts

220 months

Sunday 26th August 2018
quotequote all
Auction went off last night

https://www.youtube.com/watch?v=Y3dJInRflLY

Here's the result if you don't want to watch the video to find out - Sold for $44M at the hammer, $48.4M with buyer's fees.