Gran Turismo Omologato, which translates to “Grand Touring Homologated” in Italian, stands for the displacement in cubic centimeters of each of its cylinders. The number “250” in the name signifies this.
Of the 250 GTOs, only 36 were produced between 1962 and 1964. This contains three 1964 Series II cars and 33 Series I vehicles with bodywork resembling the Ferrari 250 LM from the years 1962 to 1963. In 1964, four earlier Series I vehicles from the years 1962 to 1963 were upgraded with Series II bodywork.
The 250 GTO originally cost $18,000 in the United States, and Enzo Ferrari and his dealer in North America, Luigi Chinetti, personally authorized buyers.
[Reference needed] Since then, this model has grown in popularity among car collectors, and sales have frequently shattered price records. In June 2018, the 1963 250 GTO (chassis 4153GT) that now holds the record for the most expensive Ferrari was sold in a private transaction for $70 million.
The 250 GTO was recognized as the best sports vehicle of all time by Sports Car International in 2004 and ranked ninth on a list of the Top Sports Cars of the 1960s. The 250 GTO was ranked first on a list of the “Greatest Ferraris of All Time” by Motor Trend Classic. It was dubbed the “Hottest Car of All Time” by Popular Mechanics.
In This Article...
Breaking the auction record, a Ferrari 250 GTO sold for $48.4 million.
The legendary 1962 Ferrari 250 GTO, chassis 3413, owned by renowned auto collector Greg Whitten, was the highlight of Saturday night’s RM/auctions Sotheby’s at Monterey Week. Lot 247, the vehicle, sold for $44 million at the hammer price after only 12 minutes of spirited bidding in an environment brimming with enthusiasm. The final cost, including the buyer’s premium, is $48.4 million. Since the new owner was not yet known at the time of publication, the winning bid was made through an agent. As described above, the highly rare Ferrari was widely regarded as the most valuable car to ever be offered for auction.
Greg Whitten, the seller, exclaims, “I’m really thrilled,” as he clinks champagne with his wife and close friends.
Ferrari 250 GTOs continue to command astronomical prices and are in high demand. German race car driver Christian Glaesel recently sold his 1963 Ferrari 250 GTO, chassis 4153, to WeatherTech floor mats inventor David MacNeil in a private transaction for somewhere between $70 million and $80 million. The most expensive vehicle ever auctioned went for $38.1 million in 2014 when chassis 3851 was sold at auction. Paul Pappalardo, an American collector, is believed to have sold his 250 GTO for about $52 million in a separate rumored private transaction in 2013.
In a recent interview with CNBC, Ferrari historian and expert Marcel Massini said that within the next two to three years, a car comparable to the $70-million plus chassis 4153 will sell for over $100 million. Ralph Lauren, Nick Mason, the drummer for Pink Floyd, Peter Sachs, the great-grandson of Samuel Sachs, the founder of Goldman Sachs, and Jon Shirley from Microsoft are among the current owners of the 250 GTO. Two 250 GTOs are currently held by three people: Wal-Rob Mart’s Walton, hedge fund founders Tony and Lulu Wang (who are unrelated to owner Brandon Wang in the UK), and British industrialist Sir Anthony Bamford, who had briefly owned the chassis that just sold. That $100 million dollar mark is getting closer if any of them decide to sell, and Whitten’s automobile has established a new record.
The RM/performance Sotheby’s auction’s defies a vintage vehicle market that has been cooling since 2013, when shrewd investors flooded the market in search of post-recession deals. Jose Luis Celada, a vintage vehicle collector from Buenos Aires who was recently profiled by the New York Times, claims that because the opportunists are less active and the market is once again dominated by specialists, there are fewer purchasers. However, classic Ferraris are still among the most desired, particularly those that are in perfect and, ideally, operational condition.
Here is a list of every Ferrari 250 GTO owner.
People often find public documents amusing. You can learn practically anything you might ever desire to know with a little time and effort. When the documents are made public, they may cause unrest.
Yet why? These records are accessible to everyone and are carefully curated. That is the exact meaning of the word “public.” A person only needs to ask for public records if they genuinely desire to have access to them. It might take some time. But with items that the government holds, that is actually standard practice.
Other records, in addition to those maintained by the government, are accessible to anybody at any time. These data are referred to as the “internet.” Twitter tweets, Facebook updates, and regular websites all function as publicly available data sources that may also contain some private information. In essence, never type anything that you wouldn’t want the world to know.
Skincare designed just for YOU Geologie will demystify skincare and pair you up with a routine that fits your requirements and lifestyle by working with dermatologists and cosmetic chemists for genuine active ingredients.
Without further ado, I give you the complete list of Ferrari 250 GTO owners. Owners of a Ferrari 250 GTO
These documents have only been gathered here in one location and published collectively; they are all easily accessible on the Ferrari 250 GTO registry.
I must admit that I find this crazily fascinating. I was unaware that Rob Walton, the heir to Wal-Mart, had a 250 GTO. I was also unaware that Chris Evans, a British radio host, had sold his.
Ferrari 250 GTO Baron Irvine Laidlaw, #3527GT
Former House of Lords member Irvine Laidlaw of Scotland built his fortune by founding Institute for International Research (IIR), a global conference organization, in 1974 and selling it for PS768 million ($1.4 billion) in 2005.
There are several signs that the good Baron knows what money is for, including the fact that, at his young age of 72, he only stopped racing automobiles five years ago. A Le-Mans-winning 1955 Jaguar D-Type, a 1965 Porsche 904/6 Carrera GTS, a 1966 Ferrari 275 GTB/C Berlinetta Competizione, a 1957 Maserati 250S by Fantuzzi, a 1960 Maserati Tipo 61 “Birdcage,” a 1970 Chevron B16, and a 1971 Chevron B19 were among the race cars in his collection that were sold by RM-Sothebys in 2013.
When it was owned by Swiss banker Armand Boller in 1963, this specific 250 GTO, which had previously been driven by people like Umberto Maglioli, Lucien Bianchi, and Claude Dubois, enjoyed a remarkably successful year. Lord Anthony Bamford possessed the vehicle for seven years, according to its provenance. In January 2005, Laidlaw bought Ferrari 250 GTO #3527GT for an undisclosed sum.
Due to a missing gearbox, a $50 million Ferrari 250 GTO buyer sues the seller in court.
A legal dispute about ownership of a Ferrari 250 GTO’s original gearbox centers on the second model to leave the production line when production began in 1962.
In 2017, Bernard Carl, a lawyer from Washington, received 37 million British pounds (about $49.4 million) from British racing driver Gregor Fisken, who owns a classic vehicle shop, on the understanding that the original gearbox would be located.
Fisken sold the vehicle soon after receiving it in late 2017 but is suing Carl for breach of contract because the gearbox remains at a US shop.
The Telegraph stated last week that Carl was supposed to procure the gearbox for Fisken as part of the agreement, but Carl later claimed that Fisken had broken their agreement by arguing about the difficulties of supplying the crucial component.
The two allegedly fell out about who would pay for shipping charges, where the gearbox would be delivered, and a $25,000 “release fee” that would be paid to the dealer holding it.
The Telegraph reports that Carl is now asking Fisken for $500,000 to pay the costs of locating the gearbox. Furthermore, Carl is reported to have claimed that Fisken cannot bring a lawsuit for breach of contract because he was “merely acting as an agent for a principle” because he sold the vehicle so quickly after receiving it.
The 250 GTO with chassis number 3387 is the vehicle at the core of the conflict. It was initially constructed by Ferrari for testing purposes before being sold to Luigi Chinetti Motors in 1962, when it achieved the distinction of being the first 250 GTO to compete as a NART entrant for the 12 Hours of Sebring. Phil Hill and Olivier Gendebien, who finished second overall and first in class, were the drivers.
Many people view the 250 GTO as the pinnacle of Ferraris. Only 39 homologation specials were produced over a two-year period, and one is said to have changed hands for as much as $70 million a year ago.
A legendary 1963 Ferrari 250 GTO is sold for a record-breaking $70 million.
David MacNeil, the founder and CEO of WeatherTech, is probably unknown to you, yet he recently became a member of one of the most exclusive clubs on Earth after reportedly spending $70 million on a 1963 Ferrari 250 GTO that won the Tour de France. The car, which has the chassis number 4153 GT, is thought to be the priciest in the entire world.
MacNeil, a Chicago-based company, made a fortune selling high-end floor mats and has used some of the money to acquire an impressive collection of automobiles. Along with a stable of other “prancing horses,” his collection also includes a 1960 Ferrari 250 GT Berlinetta SWB, which just won best in class at the 2018 Concorso d’Eleganza Villa d’Este, as well as a 250 GT Lusso, 275 GTB, 365 GTB/4 “Daytona,” F40, and F50.
Between 1962 and 1964, the storied Italian manufacturer produced just 39 copies of the 250 GTO, and it’s incredibly unusual for an owner to sell one at any price.
Who purchased the Ferrari 250 GTO in 1964?
A Ferrari 250 GTO sold for the then-record-breaking sum of $52 million back in 2013, breaking all previous records for car purchases. On June 1st, another 1963 250 GTO, of which only 39 were made, sold for a tidy sum of $70 million USD, breaking the previous record.
WeatherTech president David MacNeil, a devoted racing fan and auto collector, purchased the 250 GTO. Cooper MacNeil, his son and a professional race car driver, will compete in this year’s 24 Hours of Le Mans while operating a Ferrari 488 GTE.
It is understandable why a Ferrari aficionado like David MacNeil would choose to invest such a staggering sum in the Ferrari 250 GTO. The word “invest” is appropriate because it won’t be long before another Ferrari 250 GTO is sold for a higher price.
Christian Glaesel, a German car collector, owned the vehicle that was sold. With Lucian Bianchi and Georges Berger serving as the car’s co-pilot and pilot, respectively, it competed in the 1964 Tour de France Automobile and took first place. This 1963 version of the vehicle bears the chassis number 4153 GT. In the GT division, the two drivers competed for the Ecurie Nationale Belge team. The vehicle competed in the 1963 24 Hours of Le Mans as well, finishing fourth. Over the next two years, it continued to compete in a lot more races. Amazingly, it never had an accident, which was at the time a small miracle.
Paying $70 million for an automobile is absurd to the average person. However, this sort of arrangement requires a different perspective. In particular, the 250 GTO model, powered by a V12 engine, is regarded as the pinnacle of Ferrari’s long history, on par with a great painter’s most renowned creation. Due to its mystique and the fact that just 39 of the 250 GTOs were made, its value has increased dramatically.
The car will be kept in the buyer’s private collection and will appreciate in value over time, much like a wise investment.