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Gran Turismo Omologato is a series of Italian gobbledygook for most people, but for automotive enthusiasts it can mean the world. And that can mean several million dollar handles for collectors. Ferrari built thirty-three copies of the 250 GTO V12 in the early 1960s to compete in international motorsport. They did reasonably well on the right track, but elsewhere they were simply beautiful. 56 years later, this translates into big money changes for the possibility of owning one.
Ralph Lauren, Nick Mason and Peter Sachs, heir to Goldman Sachs, all have one. Wal-Mart's Rob Walton, Sir Anthony Bamford, and hedge fund founders Tony and Lulu Wang both own. A few weeks ago, David MacNeil, titan of floor mats, bought a 250 GTO for a new record of at least $ 70 million. The car pictured here is the third GTO ever built and will be auctioned at the RM Sotheby sale in Monterey in late August.
There are surely millions of people around the world who would like to buy this car, but how many can afford it? We all know the strict and fast financial rule that you should never spend more than 10% of your income on a car. If you assume an average low interest rate car loan of 60 months, and a sale price of about $ 70 million, then the monthly rating on this beast is about 1.2 million dollars a month.
million a month on this Ferrari, the winning bidder, by conservative financial rules, should make at least $ 150 million in regular income a year. Less than that, and Suze Orman will give you a big big REFUSAL. According to the calculator on globalrichlist.com, this kind of income would make you the 60th highest winning person in the world. Yes, I know it's a ridiculous step, and anyone with a hundred million dollars sitting around could probably afford to make an offer. Especially considering this car is likely to be a valuable asset. It could still be the most expensive car ever sold, according to the auction price in August.
The GTO for sale, chassis number 3413, is the third built, and began life as a series 1 car for Phil Hill to test before the Florio Targa 1962. The factory sold the car to the gentleman Edoardo Lualdi-Gabardi, who entered the car in 10 races this year, winning nine of them. With two other owners, the car won its class at the Targa Florio in 1963 and 1964. It has never been involved in an accident, and it exceptionally keeps its original driveline. Before 1964 Targa, the chassis was returned to the Ferrari factory to be updated to the Series II bodywork, one of the three cars to have done.
In a recent conversation with Forbes, former Microsoft Whitten said, "I've had the GTO for a long time.There are other cars I want to buy." In a discussion about the # MacNeil's recent purchase with Ferrari historian, Marcel Massini told CNBC that he expected a similar GTO to break the $ 100 million mark in the next few years. If it breaks this barrier, do you think that Fancy Kristen could afford it? Should we revolt and seize the means of Ferrari?
To see more pictures of this 250 GTO , see the complete list on rmsothebys.com.
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