1963 model Ferrari 250 GTO has been sold for $32 million to an unknown buyer in the UK. This makes the Ferrari classic sportscar, second most expensive car in the world today, and definitely the most expensive in Great Britain. The title for the most expensive car belongs to 1936 Bugatti Type 57SC, which was sold for approximately $40 million back in 2010.
Ferrari produced on 39 units of 250 GTO sportscar ever, which were built between 1962 to 1964. Back then, Enzo Ferrari himself selected who can own a 250 GTO. After the screening, Enzo sold each of these 39 units of 250 GTO’s for a price of $18,000 in US and £6,000 in UK.
Powered by a 3.0L V12 generating maximum power of 300 bhp, Ferrari 250 GTO was one of the fastest cars of its generation. Transmission was taken care by a 5 speed manual, as was the norm those days. Weighing just 1,100 kgs, Ferrari 250 GTO has a top speed of 280 kmph and can accelerate from 0-100 kmph in just 6.1 seconds.
Mr John Collins, Chairman, Classic Ferrari specialist Talacrest, confirmed the details but refused to reveal details of the new owner. Talking about the super-sale that fetched Ferrari 250 GTO’s current owner, Mr John Hunt a British businessman, $32 million, Mr Collins said: “Wealthy people are spending a lot of money on classic Ferraris and everyone wants a GTO at the moment. Classic Ferraris have seen more gains than others, they’re like the Picassos of the car world. And the 250 GTO is the golden car of its generation, show me a man who wouldn’t want one. They are bought by people who have a love of cars and see them as an investment. I have bought and sold seven over the years including this model and I wish I had kept one now, but hey ho.”
Earlier this week, at the Paris Auction house, a 1959 built Ferrari 250 GTO belonging to Roger Vadim, was sold for $5.8 million. Experts suggest that investors today are unsure about the market conditions, because of which more and more investors are seen investing in vintage cars. Investors are feeling safer investing in vintage cars.