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Ferrari 250 GTO Set To Become A Record Breaker

It’s not every day that a car that costs as much as the value of a small economy goes on sale. The car which is listed by a UK Based Ferrari specialised has listed it for a price tag of £45 million. The premium asking is attributed to the fact that only 36 of these examples ever produced, this particular one was the second one to roll off the production line. The car in question is of course a 1962 Ferrari 250 GTO, one of the most sought after classic cars in the world.

Despite being over 50 years old, it records a 0-60mph time of around six seconds and a top speed of more than 170mph, capable enough to scare some of our modern day hot hatches.

​The chassis 3387 was completed on the 16th of March 1962 and immediately went about its testing duties to assist further development of the 250 GTO at the world famous, purpose built Monza circuit. The 250 GTO was then delivered to Luigi Chinetti Motors and became the first of its kind to race finishing 2nd at the 1962 Sebring 12 hours.

After being sold to Robert Grossman, the car was then entered into the 1962 Le Mans 24 Hour race, finishing 6th overall. 

The Ferrari 250 GTO didn’t always spend its life as NART blue, it was repainted red before having its original colour restored in 1997.

Cars of this scarcity usually only change hand between the elite car collectors however Bonhmas did sell a Ferrari 250 GTO at a US auction in 2014 for £30 million.

The £45 million price tag would far surpass the price it was first sold for in 1969, £4,345, a little less than a Renault Twizzy. It was on the move again later that year for just £8,850. The car was then bought by Mr Steve Griswold for £10,460 who restored the car before selling it in 1978 for £100,500. Since then it has been at numerous events and was recently displayed at a museum.

The car is offered for sale by Talacrest, a Ferrari specialist based in Ascot.

If you possess some pocket change and fancy a Ferrari of your own then start your search on our website.