Even among Ferrari devotees, the 250 GT SWB Spider already enjoyed mythical status, but its discovery in a French storeroom propelled it to a whole new level. It was purchased by Robert Baillon with the idea of placing it in a museum, but it wasn’t until after his passing that it sprang to life again after a long period of inactivity. It was purchased in 2015 while it was still in good condition.
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How much is a Ferrari 250 GT worth?
In 2018, more than $70 million was spent on a single vehicle. It was a Ferrari 250 GTO from 1963. In that same year, $48.4 million was paid at auction as the highest price ever.
What is the total number of Ferrari 250 GT Californias?
The Ferrari 250 GT California Spider series has two basic variations, identified by the designations LWB (Long Wheelbase – 2,600 mm) and SWB (Short Wheelbase – 2,400 mm). A total of 108 cars—50 LWB and 58 SWB—were produced.
What’s the market price of a 1961 Ferrari 250 GT California Spyder?
Previously owned by Academy Award-winning actor James Coburn, a 1961 Ferrari 250 GT SWB California Spyder reached a world record auction price of EUR 7,040,000 (US$10,894,900) on May 23.
There are now how many Ferrari 250 GT Californias in existence?
Although it’s popularly believed that all 36 of the 250 GTOs are still in existence today, it was just the third 250 GTO to ever roll off the Maranello assembly line.
The Ferrari 250 GTO is quite pricey, why?
Given how few were produced by the Italian company, the Ferrari 250 GTO is so pricey. During a brief production cycle from 1962 to 1964, only 36 were produced.
These sports vehicles were created for on-track competition in the FIA’s Group 3 class. The Ferrari 250 GTO had an exceptional track record during its prime because to such design. It became an icon after winning the 24 Hours of Le Mans, Tour de France Automobile, and several Grands Prix.
The 250 GTO was a force to be reckoned with as soon as it reached the circuit. The performance of the vintage Ferrari exceeded all expectations, and it quickly rose to collectible status.
It’s virtually impossible to get a genuine 1962 Ferrari 250 GTO because so few of them were ever made. Anyone who owns one wants to keep it, and anyone who wants to purchase one needs to have a lot of extra money.
What kind of engine is in the Ferrari 250 GT California?
From 1952 to 1964, Ferrari produced a line of sports cars and grand tourers known as the 250. The 250 series, the company’s most popular early line, features a number of variations made for the road or sports car racing. Gioacchino Colombo created the 3.0 L (2,953 cc) Colombo V12 engine that powers the 250 series of automobiles. The 275 and 330 series automobiles took their place.
A 1961 Ferrari 250 GT California: what is it?
The 1961 Ferrari 250 GT SWB California Spider is renowned for appearing in “Ferris Beuller’s Day Off” (in replica form) and for being one of the more expensive Ferrari models. A pricey specimen from this year’s Gooding & Company auction at the Amelia Island Concours d’Elegance has established that.
Is the Ferrari 250 GTO the priciest car in the entire world?
In the world of collectable cars, the Ferrari 250 GTO is recognized as the Holy Grail. It is one of the rarest Ferraris in existence and one of the most successful racing cars of its era, which only increases the value of this historical artifact. Only 36 units were produced between 1962 and 1964.
There is no such thing as a cheap Ferrari 250 GTO, but this specific model from 1963 with the serial number 4153 GT currently holds the record for the most expensive vehicle ever sold at auction for a staggering $70,00,000. This front-engined GT car was capable of reaching 174 mph, which was unheard of at the time, and ran the quarter-mile in just 13.1 seconds thanks to its 302 horsepower Tipo Comp. 3-liter V-12 and 5-speed gearbox with Porsche-style synchromesh. One of the main factors in this record-breaking example’s high price is the fact that it even won the Tour de France in 1964. If and when the anonymous owner of this legendary piece of automotive history decides to sell it, the same example is predicted to bring over $100 million.
whose Ferrari 250 GTO is it?
Ralph Lauren, Pink Floyd drummer Nick Mason, Peter Sachs, the grandson of Goldman Sachs founder Samuel Sachs, and Microsoft executive Jon Shirley are some of the current 250 GTO owners.
The Ferrari GTO—is it unique?
With scarcity on its advantage, a vintage Ferrari GTO recently sold privately for almost $70 million: Only 39 GTOs were produced between 1962 and 1964, and they are regarded as among the most attractive sports vehicles ever made, not just in terms of Ferraris.
What was the purchase price of Chris Evans’ Ferrari 250 GTO?
Italian 250 GTO Chris is alleged to have declared his desire to acquire a 250 GTO after developing a taste for Ferraris. And he actually accomplished that in 2010. He spent a whopping $17.7 million on what must be the most coveted trophy of all automobiles, a red 1963 Ferrari 250 GTO.
What is the value of the Ferrari in Ferris Bueller?
Ferris, the youthful protagonist of the iconic 1980s film Ferris Bueller’s Day Off, suggests purchasing a Ferrari 250 GT California Spyder because “It is so choice”—if you have the money, of course. Bueller was correct on this one point, even though you would not want to rely on the advise of a Ferrari-stealing, joyriding truant for much else. A genuine 250 GT California is a priceless vintage car that is worth millions of dollars. This 1985 Modena Spyder California, better known to the world as one of the three Ferrari replicas used in Ferris Bueller’s Day Off, is almost as good as the real deal and sold for a more manageable $396,000 on Saturday at the 2020 Barrett-Jackson Scottsdale auction.
According to popular belief, John Hughes intended for his next film to have a Ferrari 250 GT California Spyder as its lead vehicle. The only issue was that even then, a true Ferrari was too pricey. It’s simple to understand why a duplicate was utilized in place of the original vehicle given the rough treatment it would undergo in the movie, including jumps and being thrown backwards out of a suburban Chicago home and into a ravine.
Hughes came across Modena Design, a business established in 1980s California with the goal of creating reproductions of the legendary vehicle (basically a drop-top 250 GT “Tour de France,” one of which we tested). For the movie, three automobiles in various stages of completion were ordered. Only one of them was brought back to Modena Design, where the car’s movie damage was fixed and it was sold several more times, most recently to an American at a Bonhams auction in England in 2010 for over $100,000. That vehicle is currently on the National Historic Vehicle Registry’s list. But that isn’t the vehicle that sold at Barrett-Jackson.
This is really one of the two chassis that had more enigmatic lives after Ferris Bueller finished filming. This car, chassis 001, has recently undergone a full restoration by Modena Design co-founder Neil Glassmoyer, unlike the third car, chassis 003, which went unsold at Mecum’s 2019 Monterey auction with a high bid of $225,000. The car’s exterior was changed and its mechanical parts were upgraded to bring it to this state. We assume that despite being equipped with a coil-over suspension, chrome 16-inch wire spoke wheels, and a 7.0-liter Chevy V-8 engine, this non-Italian Ferrari is still a lot of fun to drive. Along with the car, other memorabilia was offered for sale, including a signed certificate of authenticity from Modena Design.
At Barrett-Jackson, competitive bidding led to a final price that included the buyer’s premium of $396,000. There is no disputing that chassis 001, a pricey cinematic symbol, will go down in history, even though it is unknown exactly which sequences it appeared in for the movie.
Who purchased the $70 million Ferrari?
You can get an idea of how much it actually costs to join this extravagant club by looking at some of the prior sales of GTOs during the past ten years. Chris Evans, a boisterous and animated British DJ and TV host, paid $17.7 million for a 250 GTO at RM Auctions in 2010.
One was purchased for $31.7 million by an unnamed buyer from a UK real estate agent in 2012. Craig McCaw, an American Telecoms typhoon, also bought one privately that year for $25 million to add to his collection of more than 400 vehicles. The following year, a GTO changed hands for a cool $52 million in another private transaction.
Then, in 2014, one of these incredibly sought-after vehicles was sold at auction by Bonhams for a second time, this time for $52 million. Three years later, former race car driver and antique car dealer Gregor Fisken paid $44 million to become a member of the exclusive GTO club.
If some of the aforementioned figures have you struggling for breath now, the events that occurred in 2018 will shock you even more. Because in same year a guy by the name of David MacNeil from Chicago, USA, the creator of the automobile accessory company WeatherTech, paid an eye-popping $70 million for a silver 1963 Ferrari 250 GTO (chassis number #4293GT). the most money ever spent on an automobile.
Let’s quickly review some of the items you could buy with $70 million. You could purchase a 3,000-acre island in the South Pacific (close to Fiji) if you want some peace and quiet to unwind on and top off your tan. You could also purchase Richard Branson’s Caribbean Mansion on the gorgeous Necker Island if you’re interested in real estate. If you want to make some extra money, you can rent it out for $42,000 per night.
Or, if you’re a fan of football and would like to build your own stadium, you could design the seating yourself to ensure that you get the greatest seat in the house at every game. The immaculate 60ct Pink Star diamond, which comes from a South African mine, is also an option if you enjoy wearing jewelry. It would make a great addition to your home. You can also opt to direct and produce your own Hollywood hit if you enjoy watching movies. You could give yourself the lead role and the headlines, and you could even pick your co-star. What a wonderful idea that is!
In all honesty, it appears that the value of historic cars has increased significantly in the last few decades. First, there were significant increases in the 1980s, which were followed by significant decreases in the 1990s. A 250 GTO sold for only $2.7 million in 1994, and prices didn’t start to rise again until the late 1990s. They are still increasing today, and they are rising so quickly.
When will it end, is the obvious question. Or is it more conceivable that one of these expensive, rare Italian automobiles will soon be sold (Grimace) for $100 million?
What is it about this ancient, no-frills Italian race car that appeals to people so much?
What Ferrari is the most expensive?
- Jo Schlesser raced a red 1963 Ferrari 250 GTO in 1960, which was auctioned for $52 million in 2013.
- With a sale price of $70.2 million, another Ferrari 250 GTO in silver blue was the most expensive automobile ever.