Name: Ferrari 250 GTO
Year Produced: 1962-1964
Number Built: 39
Class: Sports Car
Body Type: 2-seater fixed head coupe
Engine: 3.0 L Colombo Tipo V12
0-60mph/quarter mile: 5.4 seconds/13.1 seconds
Top Speed: 174 mph
Transmission: 5-speed manual
Valued at: US$35 million on a public auction
There is no doubt that Ferrari made some of the greatest cars this world has ever seen, and the 250 is one of them.
The Ferrari 250 combined art, engineering, and luxury in the most spectacular way possible. The 250 models share the exact same wheelbases: 2,400 mm for short wheelbase (SWB) and 2,600 mm for long wheelbase (LWB). They also have the same legendary Colombo Tipo 125 V12 engine. Their lightweight aluminium body paired with up to 300hp are just some of the things that allowed the 250s to dominate racing tracks around the world. Considered as the holy grail of the car auction world, Ferrari only made 36 units or 39 if the different versions will be included. They were the elite vehicles of the time, dominating the race track during the mid-1960s. Marcel Massini, a leading Ferrari historian says, “The market right now is just as strong, and this one (the 250 GTO) is one of the big prizes in the entire collecting world”.
The 250 Testa Rossa is a racing car that conquered not only the motorways but also the tracks. It was followed by another internationally-feared racing car, the 250 GT. Fifty years after Enzo Ferrari built the last 250, this unparalleled racing lineage are still sold at up to $34.65 million last 2014 during a Bonham auction overtaking a 1954 Mercedes Benz Formula One Racer as the world’s most coveted and most expensive car. It’s very seldom that the Ferrari GTO goes up for sale, more so in a public auction. According to a report by CNBC’s Robert Frank, “GTOs rarely come up for sale, and when they do they often trade in secret, private sales that can rarely be verified. Last year, a GTO sold in a private sale for $52 million, experts said. But it’s been over a decade since a GTO has been sold at a public auction. While many types of high-end collecting cars have gone up in value in recent years, GTOs are now in class by themselves. Just 10 years ago, GTOs were selling for around $10 million.”
Undoubtedly, the Ferrari 250 will continue to be a symbol of power and wealth for generations to come.