08 Ferrari F430 Scuderia Collector Quality 75 Miles Only $219,888.00!! Must See! on 2040-cars

Auto blog

1962 Ferrari 250 GTO for sale in Germany at $64 million

Prices keep climbing for the Ferrari 250 GTO with virtually no end in sight. In 1969 one sold for just $2,500, but by the 1980s they were trading for hundreds of thousands, then millions, then tens of millions to the point that the last last year, one was reported to have changed hands at $52 million. But now there's a GTO for sale in Germany that could eclipse even that gargantuan price tag.
Ferrari made 39 examples of the 250 GTO between 1962 and 1962, and the item listing on mobile.de doesn't give much in the way of specifics as to which exactly we're looking at. But last we checked, there were only two GTOs in Germany, and the other one was silver. That leaves chassis number 3809GT, which was delivered new in '62 to Switzerland and participated in numerous endurance races and hillclimb events throughout the early 60s. 3809GT has been owned until now by one Hartmut Ibing, who bought it in 1976 when values were in the tens of thousands, not tens of millions. Given how his asset has appreciated so dramatically, and with less than 10,000 miles on the odometers over 52 years, we could understand how Ibing would want to cash out.
Of course we could be mistaken and we could be looking at an entirely different example - the vast majority were, after all, painted red and fitted with blue upholstery just like this one - but either way, we're looking at a price tag of 47.6 million euros. That's nearly $64 million at today's rates, inclusive of Germany's 19 percent VAT rate that adds a staggering $10 million in taxes to the pre-tax price of 40 million euros, which comes in under $54 million but would still be the most ever paid for a GTO (or really, just about any car ever made).

Ferrari dominant at high-priced RM Auctions' Monterey event

Of the 21 multi-million-dollar lots sold over RM Auctions' two-day Monterey event, the top six were Ferraris while the top four were members of the vaunted 275 family. In total, 13 of the 21 seven- and eight-figure entries bore the yellow shield and prancing horse of the Scuderia.
Two cars in particular wowed bidders at the Monterey event - the exceptionally rare Ferrari 275 GTB/C Speciale and a 275 GTB/4 that was originally owned by Hollywood legend Steve McQueen.
The GTB/C Speciale was the first of a three-car run. Ferrari originally planned on campaigning the new range as a GT complement to its prototype entries at Le Mans, although squabbles with the FIA limited its racing career. Still, the extremely rare nature of this car means another example probably won't be coming up for auction for several years. Considering that, the GTB/C's selling price of $26.4 million does make a bit of sense.

These are the front-runners to take over at Ferrari

Yesterday Ferrari announced a changing of the scarlet-clad guard with the departure of longtime chairman Luca di Montezemolo. Having run the company since shortly after the passing of Enzo Ferrari himself, Montezemolo built the Prancing Horse marque up to the benchmark supercar manufacturer, victorious racing team and household name it is today. In short, Ferrari - and most crucially, its parent company Fiat - will face a most difficult challenge in filling il Advocatto's handmade loafers and putting the company back on the track which Montezemolo laid down over the course of the past two decades.
The question on everyone's mind is, to whom will that challenge fall? To quote Goose from Top Gun, the list is long, but distinguished. Join us as we run down the roster of potential assentors to the leather-clad, carbon-fiber bucket seat at the head of the big table in Maranello.