Ferrari 250 GTO (1962 – 1963)

Arguably the most expensive car in the world, the Ferrari 250 GTO is indeed an Italian icon of motor sport and with more curves than a race track it looks every bit the part. Since the 1940’s Enzo Ferrari has been building and designing winning sports cars for the track and thanks to homologation, for the road as well. The Ferrari 250 GTO is just one of such cars and all 36 ever made are still alive and accounted for today.

Prior to the 1962 racing season Ferrari had already built 200 competition cars based on the 250 GT constantly improving it until they finally produced the 250 GTO which became the production car responsible for spreading the Ferrari name worldwide. Early tests with Sterling Moss behind the wheel at Monza and then further input off track with aerodynamics and structural requirements helped get the GTO ready for production and at a press release on 24th of February 1962 a Ferrari was born.

PRICE GUIDE

Launch Price – N/A

Excellent – £17,000,000

Good – £10,000,000

These rare Ferrari’s fetch millions so we won’t be writing a buyer’s guide, although with only 50 LWB and 56 SWB versions of the California Spyder ever, made you would expect everyone to be in excellent condition still today. The 250 GTO is ultra rare with just 39 being made with everyone accounted for today and one going for $38 million in 2014

Ferrari 250 GTO image

Specification

Years Produced1962 - 1963
Performance0 - 60mph 4.4sec / Top Speed - 174mph
Power & Torque 296bhp / 217Ib ft
Engine2953 cc 24 valves /V12
Drive-train front engine RWD
TransmissionFive speed manual
Weight880kg

Interesting Fact

The most expensive car ever sold at auction is the Ferrari 250 GTO fetching $38,114,000 at Bonham’s in August 2014. This is just under £28,750,000.

Mark Wilkinson, Managing Director Says:

“Clearly these iconic GT cars are out of most people’s price range but the fact that they exist today is sheer testament to the engineering and design from way back in the sixties. Will the cars of today hold a candle up to these classics in the future I wonder?”

mark says

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