Looking Out From the Garage: 101 Cars, Part 30...

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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4 commentsLane Bailey - REALTOR & Car Guy • January 24 2009 09:29PM

Comments

Lane,

GTO stood for Gran Turismo Omologata.  Who knew?  LOL  Now I have to get out my Italian dictionary and find out what Omologata means.  :)

Mike

Posted by Mike Jones (SUNSTREET MORTGAGE, LLC) over 3 years ago

Lane

What a lot of nice cars

Tom

Posted by Tom Braatz,Waukesha County Realtor Real Estate agent,Waukesha Cty WI Real Estate (Re/Max Realty Center 262-377-1459) over 3 years ago

Funny you posted this.  I was driving around yesterday thinking about what are the 10 most beautiful cars ever build.  Honestly the GTO didn't pop in to my head but I think you are right.  If not number one its a top 10.

How about the prettiest street/prodution car?  My choice - series 1 Jag XKE.

Posted by Bob Southard,e-Pro Powder Springs,Marietta,Cobb, Realtor (Solid Source Realty) over 3 years ago

TVR SagarisMike - I'll help you out.  It mean Homogolated.  And you need a motorsports dictionary to get the meaning.  Homogolation is when the manufacturuers have to build a certain number of "street" cars in order to be eligible to race a similar car. 

Tom - Thanks.  I'm trying. 

Bob - I think that the convertible is beautiful, but the hardtop is a little funky.  Take a look at the TVR Sagaris.  That thing is SMOKING hot.  I did a profile of it in the series, too.

Posted by Lane Bailey - REALTOR & Car Guy (Century 21 Results Realty) over 3 years ago

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