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Message: [QUOTE="McLaren, post: 12352220, member: 31937"] Recent topic on FChat about it with different opinions. Some believe a 330 P4 in original configuration would fetch a much higher return if it ever sold. [URL]https://www.ferrarichat.com/forum/threads/why-the-250-gto.570306/[/URL] Basically, it ticks all the right boxes for a collector. It's a Ferrari. It's a [I]vintage[/I] Ferrari. It has a classic Ferrari V12 engine, I think the last Ferrari to use the 3-liter V12 that propelled the Testa Rossa to victory at Le Mans. Additionally, that motor & the chassis basically made the 250 GTO a mixed bag of Ferrari competitiveness, so much of the car was based on successful racing endeavors. With that, the car also ended up having a solid race history of its own with class victories in the FIA in all 3 years of its conception. Better yet, every 250 GTO was built to race and regardless of whether an example was successful or not, the overall racing history of the model itself is applied to every car; they rarely come up for sale, so owners aren't picky if one example didn't have the pedigree of another (1 example actually has a driver death behind it, was rebuilt after the leading-accident, and years later, still sold for a high value). There are some other quirks that can be argued such as its looks, being built in an era of pretty Ferraris, or that the same era lends itself to a time where the race cars weren't far off the road cars, so many owners find the 250 GTO a capable road car that doesn't sacrifice much; Phil Hill believed the 300Hp was the perfect amount of power for the car, iirc. And then last of course, is its rarity. Not so rare where there's less in existence than your fingers, but just enough to still be part of an elite club of 30 or so. Essentially, what it comes down to is that not only is the perfect embodiment of [I]the[/I] Ferrari, but it was just a car built in the right place at the right time that lends to its success. Its era of design, its era of racing, its era of how sports cars were built. To truly understand the craze behind the values though, is to look at its history on the market. Much of these higher prices have been completed during the last 20 years. 1980-2000, there were trading values of under $10 million. The mid-early 90's saw a couple offered at $3-$5 million. Around 2000, many had traded for $6 million and one failed to sell for $10 million. Only one in 1989 broke and set the record for $20 million up until the late 2000's where another couple sold for $20 & $26 million. There was an example rumored to be offered at $52 million 10 years ago, but the selling company would never advertise its listing or actual agreed price. Only in the last 5 years have we truly seen the upside with $42, $44, & $70 million headlines. I'm not sure if this last car will set the tone for GTOs [I]altogether [/I]as the values of privately traded cars are rarely known, but it may or may not cause the next publicly auctioned example to reach similar numbers. [/QUOTE]

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