Highest price ever paid for a car:
https://www.hemmings.com/blog/2018/...becomes-worlds-most-expensive-car/?refer=news
https://www.hemmings.com/blog/2018/...becomes-worlds-most-expensive-car/?refer=news
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$70M Ferrari
- Thread starter A-37
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Bet the insurance premiums are gonna be stiff.
ParadiseRoad
Member
...a mechanical work of art...
[ame]https://www.youtube.com/watch?v=bJtNIpnrUnQ[/ame]
[ame]https://www.youtube.com/watch?v=ewQaikxTUJs[/ame]
[ame]https://www.youtube.com/watch?v=bJtNIpnrUnQ[/ame]
[ame]https://www.youtube.com/watch?v=ewQaikxTUJs[/ame]
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italiansport
Member
If memory serves me correctly only 16 GTOs were originally built!
Still IMO a crazy price for a car!
Jim
Still IMO a crazy price for a car!
Jim
HOUSTON RICK
Member
I believe that I would sell it.
Benchrest1
Member
I don't think there is a better sounding car than a Ferrari with a 12.
ParadiseRoad
Member
...where else but Ferrari would you find three four barrels on a 122 cubic inch engine...and in 1953 no less...
[ame]https://www.youtube.com/watch?v=RGRV9gSSkLY[/ame]
[ame]https://www.youtube.com/watch?v=RGRV9gSSkLY[/ame]
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One time I almost spent..
One time I almost spent 30,000 on a car.
That is a beaut and it's a lot nicer than mine.
One time I almost spent 30,000 on a car.
That is a beaut and it's a lot nicer than mine.
7shooter
Member
Wouldn't last long in North Dakota winters.
Firesticks
Member
All I can think of is how much good 70 mil would do for a community, kids, shooting sports, a health clinic etc etc etc
Last time outrageous car collector prices spiked we had a recession. It has been a good indicator of such downturns in the past as well. Not being negative..just observant. Personally I think it's as silly as the prices paid for art..but I'm just a simple hard working mechanic who gets excited over the sight of a nice revolver..so what do I know...
bushmaster1313
Member
I was about to buy it, except that it gets lousy gas mileage and I care about my carbon footprint.
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Jeffrey A. Cooper
Member
Ferrari 250 GTO
Records show that 32 were made between 1961 and 1962, collectors have current photos of 21 still being treasured by men. There are possibly a couple more out there in one condition or other, the financial show, "Squawk Box", had a brief story about them yesterday that said there were 36 made and that nearly all were owned by Billionaires, well I think that is B.S., but I do doubt that these owners worry about the lights staying on.
Records show that 32 were made between 1961 and 1962, collectors have current photos of 21 still being treasured by men. There are possibly a couple more out there in one condition or other, the financial show, "Squawk Box", had a brief story about them yesterday that said there were 36 made and that nearly all were owned by Billionaires, well I think that is B.S., but I do doubt that these owners worry about the lights staying on.
italiansport
Member
Thanks for correcting my number of 16. For some reason; that is what stuck in my head. There was an example on display here in Arizona a few years back and they are truly beautiful cars. A gentleman at this same show had an ex-works Ferrari F1 car and fired it up for everyone. The sound was incredible!
Jim
LVSteve
Member
I prefer the 1972 FERRARI 365GTC4 further down the linked page. Clearly a steal at a mere $298,500.
https://www.hemmings.com/classifieds/dealer/ferrari/365gtc4/2120261.html?refer=blog
https://www.hemmings.com/classifieds/dealer/ferrari/365gtc4/2120261.html?refer=blog
jag312
Member
In 1961, Ferrari modified the Short Wheelbase Berlinetta as the 250 GT SWB SEFAC, sometimes referred to as the SEFAC Hot Rod. They can be considered to be the prototypes of the 1962 GTO. I could have bought one in 1975 for only $15,000. One major problem. I was one year out of college and didn't have the money. I did know a man who had the SEFAC Hot Rod that came in third overall and first in it's class at the 1961 LeMans.
Back in the late 1960s, one of my friends could have bought a GTO/64 with very repairable body damage for $5,500. I remember a GTO in excellent condition for $10,000, and a Testa Rossa racing car for $3000. We were California kids who grew up in the California car culture. The Number One car to get was a Ferrari, and the Number Two car was a Shelby Cobra. None of us had the money, but we sure had fun discussing the merits of the cars. In September 1968 I managed to put together $520 to buy a 1954 Jaguar XK120 roadster, which I still have today.
Back in the late 1960s, one of my friends could have bought a GTO/64 with very repairable body damage for $5,500. I remember a GTO in excellent condition for $10,000, and a Testa Rossa racing car for $3000. We were California kids who grew up in the California car culture. The Number One car to get was a Ferrari, and the Number Two car was a Shelby Cobra. None of us had the money, but we sure had fun discussing the merits of the cars. In September 1968 I managed to put together $520 to buy a 1954 Jaguar XK120 roadster, which I still have today.
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amazingflapjack
US Veteran
I casually knew a guy who had one, and drove it on the street back in 1965. He came into a Sunoco gas station I hung around at you know-the 260-It held something like 60 gallons! so a gas jockey who didn't know the car would start looking under it after 20 or 30 gallons. He raced it n SCCA. Those were the days.
ParadiseRoad
Member
...Steve McQueen...with his '63 Ferrari 250 GT Lusso...
Would be zero different if I said -exactly- the same about your last gun purchase. If you dropped a thousand bucks on a Model 27, that could have fed half the kids in an African village for six months.
The guy who bought this car is a multimillion dollar business magnate. I know almost nothing about him except that his business makes top-level floor mats for vehicles.
I'd say there is some chance that he's been in to philanthropy at some point in his life, probably more so than I have.
That guy chose to buy this Ferrari. I suppose you could write him a letter and ask him to build a community center next week, wouldn't hurt. I'm not sure what that endeavor has to do in the middle of the discussion about a classic, pedigreed Ferrari, but whatever.
Coldshooter
Member
The first real spike in 250 GTO prices must have been when Pink Floyd's drummer bought one for $15 million. Press treated him like a fool at the time. Pretty sound buy.
