Suggestions have been made recently that a 1962 Ferrari 250 GTO for sale on the auto trading site Mobile.de with a listing of $64 million is actually a fake. That is the expert opinion of the world’s leading Ferrari historian, Marcel Massini. “It’s a replica” Massini told. “I can tell you that with 100 percent certainty. I know where all of these cars are today and this not one of the original GTOs.”
Massini has an extensive relationship with not only the location of the original 39 Ferrari 250 GTOs; he has photos and detailed histories on all of them. Massini also points out that the method for how the GTO is being sold is also a red flag that this Ferrari is a fake. Massini suggests that anyone interested in selling a Ferrari this rare and expensive would not choose to use an internet car site for sale. He also mentions that the astronomically high price of $64 million also is a warning sign.
Classic car prices are going through the roof with every auction that takes place. This time an ultra rare 1962 Ferrari 250 GTO set the record with a final bid of $34,650,000. After adding in the ten percent sales commission for the Bonham auction house, the final price for the vintage Ferrari came to $38,115,000. This is an $8 million increase over the last 250 GTO to come up for auction.
Within a minute of the opening bid, the price of the GTO rose from the $11 million starting price up to $31 million. The additonial $3.5 million in bids were delivered in $100,000 increments until the final price was reached. Even with a record breaking performance at auction, many experts still believed that this ultra rare example of the Ferrari 250 GTO should have went for much more.
Considered by many to be the most desired vintage Ferrari, this 1962 Ferrari 250 GTO is chassis number 19 of just 39 ever made. The car was originally owned for a short period of time by a French race car driver who crashed this particular example and then died shortly after. Upon restoration, this Ferrari remained with the same owner for 50 years before going to auction.
It seems that the Ferrari 250 GTO continues to set records every time one is sold. This has to be the most sought after example of the Prancing Horse currently being sold today. Several factors contribute to the popularity of the Ferrari 250 GTO. With only 39 examples in existence, the 250 GTO is an extremely rare item. Those wanting to add this item to their collection do not get many chances to buy one. Given that each hand-built model has its own idiosyncrasies, they are truly a one-of-one situation even with 39 examples.
This particular example features the wildly popular Ferrari red paint matched to a blue interior and is currently on sale in Germany for 47.6 million Euros – that comes to just a tad under $64 million. The sale of the car does include a 19 percent VAT, which would net the government approximately $10 million dollars in taxes.
The Ferrari Cavalcade is an annual event where Ferrari owners come from around the world to show off their best examples of what Ferrari has offered over the years. This event is seen as an opportunity for Ferrari to show off rare examples and one-offs that come from Ferrari’s Special Projects Division. This year Ferrari unveiled its latest one-off, the Ferrari F12 TRS.
The Ferrari F12 TRS is from the Skunkworks Special Projects Division in Maranello and is based off of the Ferrari F12 Berlinetta. The F12 TRS replaces the coupe bodywork with new roadster sheetmetal that incorporates a glass window to display the iconic red cylinder heads of the V12 engine. The roofless vehicle features a cockpit that is trimmed in leather, Alcantara and carbon fiber. Common items such as the glovebox, air conditioning, carpeting and audio system were not included in this build. Not that air conditioning really makes sense on a car that does not have a roof.
The powerplant behind the Ferrari F12 TRS is similar to that of the Ferrari F12 Berlinetta. The TRS has a naturally aspirated 6.3-liter V12 engine that produces 730 horsepower and is capable of reaching 0-60 mph in just 3.1 seconds.
The Ferrari 250 GTO is one of the most coveted examples of Ferrari’s golden era of racing, with only 39 examples ever made. It is extremely uncommon for one to come up for auction and when they do, they tend to fetch a large amount of cash.
During most of the 1980s, the 250 GTO was selling in the six figures. By 1989, a Ferrari 250 GTO sold at auction for $10 million with a second example selling a few months later for $13 million. By 2012, the price for a GTO at auction was around $35 million with even one example selling for an astonishing $52 million.
Bonhams auction house has gotten its hands on an extremely rare example that is rich in racing history; chassis number 3851 GT will be auctioned off at the Quail Lodge during Monterey weekend next month.
Chassis number 3851 GT is the 19th example of the Ferrari 250 GTO and was released for sale on September 11, 1962. The initial owner was a French racer named Jo Schlesser, who died in an experimental Honda F1 car six years later at the French Grand Prix. The Ferrari 250 GTO was later crashed at the Montlhery Autodrome and then repaired at the Maranello factory and returned to completion the following year. In 1965, Fabizio Violati became the owner and kept the 250 GTO is his collection until his death in 2010, making this the longest single-owner GTO in existence.
Aspiring designer Dejan Hristov, famous for his BMW Rapp Concept has taken time to provide the world with his personal interpretation of what the Ferrari F12 Berlinetta successor would look like. The CascoRosso concept takes its cues from the 1962 Ferrari 250 GTO powered by a front engine V12 hybrid powerplant with the battery placed behind the cabin for better weight distribution. The side mirrors are replaced with cameras integrated in to the body of the vehicle capable of delivering both side and rear view images that would display on the cabin’s screen. Replacing the side mirrors with cameras improves the aerodynamics of the vehicle and eliminates the need for a rear window. Additional accents include a roof-mounted scoop, large diffuser, quad pipes and headlights hidden behind a cover that opens when the lights are turned on.
Here is what Dejan Hristov had to say:
“The Ferrari CascoRosso is a two seater commercial car, which is inspired from the models of Ferrari Motor Sport as they developed through history. It is a symbiotic of style from the modern Ferrari bodies and the legendary Ferrari Classics. One of those classics is the Ferrari 250 GTO from witch I got the main inspiration for this model. The idea was for the CascoRosso to be reincarnation of the 1962 Ferrari 250 GTO, a modern, futuristic version of it.”