the most expensive car in the world: 1962 Ferrari 250 GTO
Ferrari GTO Becomes the most expensive car in 52 million.
October 2, 2013, 24:00 EDT 7 October 3, 2013, September 31 EDT.
A 1963 Ferrari 250 GTO race has become the most expensive car in the world, selling 52 million.
The red car competition, formerly owned by the collector Connecticut Greenwich, Paul Pappalardo, was acquired by an unidentified buyer in a private transaction, said three specialist traders who have independently confirmed the purchase price and Bloomberg News recently, the car was owned by a Spanish collector car site Barchetta said.
The price is up 49 percent on the record for a car, realized last year for another 250 GTO values of classic cars, especially Ferraris of the 1950s and 1960s continue to grow, attracting new fans, investors and speculators - and raise fears of a bubble in the market.
Today, the GTO is considered the top car to own, the dealer in California Blackhawk Collection Don Williams said in an interview is like the Mona Lisa it has a mystical If you have a GTO, you have a large collection.
The car was acquired by Pappalardo in 1974, restored and driven by the collector of many historic races, including the Le Mans Classic 2002, before being sold on.
We do not charge confirm these things, Pappalardo said when telephoned last night, I have no comment.
The Italian brand 250 GTO, created in 1962 to participate in the Le Mans 24 hours and other Grand Touring car racing is the most desirable car and expensive of only 39 worldwide were produced An apple green version made for Brits Stirling Moss racing driver, was sold privately to a record 35 million, Bloomberg News reported in June 2012.
The last GTO record, chassis number 5111, has a distinguished racing history, having won the road race of the 1963 Tour de France with the French driver Jean Guichet driving.
New buyers were attracted to the classic investment potential of the cars, and the opportunity they give to participate in competitions and racing events.
The auctions Bellwether California timed to coincide with the annual contest Pebble Beach of Elegance raised a record amount 301 9 million in August The total, which included 27 5 million for 1967 Ferrari 275 GTB 4 S NART convertible Spyder, was the most high for a series of sales of classic cars anywhere in the world, according to Hagerty database of Michigan.
The highest price for investment quality automobiles were produced by discrete private sales other Ferrari owners, which include GTOs Pink Floyd drummer Nick Mason, recently received offers between 40 and 50 million buyers potential, dealers said.
Mason was among the GTO owners convened a meeting for the 50th anniversary in France in July 2012, he was joined by the banking scion Goldman Peter Sachs; Rob Walton, chairman of Wal-Mart; and Lawrence Stroll, who built the financial Tommy Hilfiger into a global brand in the 1990s.
There his cult car, the Ferrari dealer based in London Joe Macari said in an interview If you're a billionaire, you feel you must have that I do not understand the call for them, they're not very good and they never won Le Mans I d rather a Testa Rossa.
The F HAGI index of public and private sales of rare Ferraris was up 54 52 percent for the year, the historic Auto Group based in London said in a report in August
Nothing goes like that in the midterm, HAGI founder Dietrich Hatlapa said in a maintenance price increases of 55 percent aren t sustainable in a market, we do not say that the market will collapse will be probably average over time.
Hatlapa said prices of the rarest Ferrari grew at an average annual rate of 15 percent over 30 years.
The current excitement about Ferrari classic market was confirmed by other independent owners.
The collector based in Belgium Johan van Puyvelde presented a Ferrari 166 1948 unrestored car Inter-Sport Corsa competition in the contest Salon Prive show Syon House, London, last month.
This Ferrari was purchased from a California private seller between 2 million and 5 million 2 last year Van Puyvelde was recently offered 4 million for the car, the Belgian collector has said in an interview.
There is a bubble for some cars, said van Puyvelde, surrounded by affluent Salon Prive visitors enjoying their complimentary Pommery champagne and lobster barbecue meal People who buy the best things use The market is driven by a genuine enthusiasm They want to participate in events like this, I do not think that many people just buy for investment.
Muse Jason Harper highlights on cars, Rich Jaroslovsky on technology and Amanda Gordon Stage last night.
Ferrari GTO Becomes the most expensive car at $ 52 million Ferrari becomes the most expensive.