52 Mio. $ GTO

[67er911S]

What is a Porsche? New record for a 250 GTO.

Chassis 5111 GT sold for 52 Mio. $

not mine ;-)

1963_ferrari_250_gto_berlinetta_5111_gt_0.jpg

[Chuck Miller]

My GTO book tells me:

- #5111 was the last of the '62 Series 1 bodywork...
- It won the '63 Tour de France outright with Guichet...
- Was once owned by US car magazine editor Henry Manney....and latter race car driver Chris Cord

[Mr9146]

At that price point it just seems so pointless ... I mean, the dollar value is so high that it just boggles the mind and, for me, the money starts to overshadow the car.

That's a shame...

[Jack]

I know a guy, a car seller in Lausanne (Switzerland), who bought a GTO in the seventies for about 40'000 $. And he sold it some weeks later 45'000$ thinking he made the best business of his life! He told me when he watches actually the level of the GTO that makes him crazy... Not so different about the earlyS members who sold theirs RS some years ago!

[LongRanger]

. . . New record for a 250 GTO . . .

More details . . .


. . . Records are made to be broken, and it seems that one may have just been snapped again. An Italian website is reporting that a Ferrari 250 GTO, owned by American collector Paul Pappalardo, recently sold for $52 million . . .

. . . Now, this is far from confirmed - Pappalardo responded to questions about the sale saying, "I do not confirm these things, I have no comment about!" - and if it's a private sale, it's unlikely that we'll ever know the exact amount of the transaction. If that figure is correct, though, it easily eclipses the $35 million made in a 250 GTO sale in April of 2012, as well as the $27.5-million sale of a 1967 Ferrari 275 GTB/4 NART Spider sold at RM's Monterey auctions in August . . .

. . . What makes a car that had 39 examples built more valuable than one that had only 10 units produced? Racing pedigree. The 250 GTO is a racing legend, with each car having a unique provenance that is more than enough to add some serious value. According to 0-100.it, the GTO in question, 5111GT, found its first owner in French racer and winner of the 1964 24 Hours of Le Mans, Jean Guichet, back in 1963. The Frenchman used the V12-powered racer to win the GT category of the Tour de France Automobile in that same year . . .

. . . We'll follow up on this story as more information becomes available . . .

http://www.autoblog.com/2013/10/03/f...le-52-million/

History . . .
http://www.barchetta.cc/english/all....1gt.250gto.htm

More . . .
http://blog.hemmings.com/index.php/2...expensive-car/

[67er911S]

great, thank you long Ranger