1963 Ferrari 250 GTO Sells For A Record $70 Million

1963 Ferrari 250 GTO Sells For A Record $70 Millionhttps://d2d49q62n92ko8.cloudfront.net/wp-content/uploads/2018/06/02023348/1963-Ferrari-250-GTO-That-sold-for-70M.jpghttps://d2d49q62n92ko8.cloudfront.net/wp-content/uploads/2018/06/02023348/1963-Ferrari-250-GTO-That-sold-for-70M.jpg

A classic 1963 Ferrari 250 GTO Sells For A Record $70 Million!

Known as the Holy Grail model, this 1963 Ferrari 250 GTO won the Tour de France in 1964, which is one of the world’s most famous and historic motor races.

It is one of only 36 built between 1962 and 1964 and registers as a 174 mph road-legal racing car.

Ferrari, a Picasso of the motoring world, has been based for many years in Germany but shown and driven at events around the world. likened to a Picasso of the motoring world

It has now been sold for $70 million, a record-breaking figure for a car.

Leading Ferrari historian Marcel Massini confirmed it had been bought by an American businessman. He describes the car as one of the top three or four GTOs in the world

Mr. Massini is confident a GTO will be sold for $100 million within five years.

During the 1990s, the GTO was restored by Hertfordshire-based DK Engineering. They weren’t involved in the $70 million deal.

DK Engineering Vehicle acquisition specialist James Cottingham, said: “This is without doubt one of the best 250 GTOs in existence in terms of history and originality.

“Its period competition is very good. It won the Tour de France, which is big tick and was fourth overall at Le Mans, which was a mega result.

“It was raced by Ecurie Francorchamps, who are one of the most iconic and famous independent Ferrari teams; it has never had a big accident and it is highly original.”

The Ferrari 250 GTO is the “Who’s Who” of classic cars. Why? It’s rare, eye-catching appearance, and performance on both the track and local streets.

This car has competed in many of racings toughest obstacles, including hill climbs, track races and long-distance road races.

Ecurie Francorchamps teammates Georges Berger and Lucien Bianchi easily drove 4153 GT to victory at the 1964 Tour de France.

What made the 250 GTO the Holy Grail of cars is its all-round drivability, combined with looks and and rarity.

The Ferrari 250 GTO was powered by a 3-liter V12 engine, which produced more than 300 bhp — giving it a 0-60 mph time of 6.1 seconds and a top speed of 174 mph.

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