Looking Out From the Garage

101 Cars, Part 30...

Some think it might be THE most beautiful car ever made... Even if it isn't THE most beautiful car, iFerrari 250 GTOt is certainly near the top of the list. It is also near the top of the list as one the most valuable cars ever to trade hands.

Actually, it was part of a bubble in collector cars, specifically Ferraris. In 1991, one reportedly changed hands for a little north of $15million. Soon after, the bubble deflated, and it has only been the last couple of years that values have approached $10million again.

Of course, keep in mind that there were only 39 total cars built... and ALL were built as race cars. With only 39 total cars (including the series I - 36 cars, series II - 7... 4 series Is were altered to series II specs by the factory... 4 other series I cars were modified to be 330LMNs, but are still considered part of the 250GTO family), In order to buy one you had to be seriously connected. And have $18,000... in 1962. That was Rolls Royce money... for a small two seat sports car with sliding windows, bare bones interior no speedometer.

Obviously I am talking about the 1962-64 Ferrari 250 GTOs. GTO stood for Gran Turismo Omologata.

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Comment balloon 4 commentsLane Bailey • January 24 2009 09:29PM
101 Cars, Part 30…
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