Vintage Ferrari GTO Sells For Over $70 Million

Between 1962 and 1964, Ferrari produced only 39 GTOs. That’s just one of the reasons why one of these classic sports cars was only sold privately for over $70 million. This incredible car is known not only as one of the most beautiful Ferraris of all time, but also one of the most beautiful sports cars ever made.

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Since the car was sold privately, not at auction, it remains unclear whether the Ferrari sold for $70 million or $80 million. In either case, that’s a lot of money for a great car. One thing can be said with certainty that the new owner of the car is David MacNeil, the founder of the company that manufactures carpets, WeatherTech.

While we still don’t know exactly how much the car sold for, we do know that it’s much higher than what similar models have sold for before. Back in 2013, another classic GTO cost $52 million, while in 2012, one sold for $35 million. With this information, we can conclude that in just 6 years, the value of the antique Ferrari GTO has at least doubled.

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The $70 million GTO is considered by many to be one of the greatest GTOs in Ferrari history. This amazing machine conquered the 10-day Tour de France Cars 10-day endurance race, additionally finishing fourth just a year before the 24-hour Le Mans race. Although this GTO has had many race miles, it has never crashed, not even once. Prior to its recent sale, the car was fully restored to the condition it was in when it won the Tour de France in 1964.

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The MSRP of the new GTO in the US is $18,000, or $150,000 after adjusting for inflation. Currently, Ferrari’s cheapest model is the Portofino, which sells for $215,000. Who knows – maybe its value will skyrocket like GTO in a few decades.

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Posts “Vintage Ferrari GTO Sells For Over $70 Million” posted by on 2022-07-01 13:54:48. Thank you for reading the article at fountainexecutive.co.uk

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