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The auction segment only accounts for between 10 and 25 percent of the total market, so it is just the tip of this massive multi-billion-dollar iceberg, and as the only visible part, it obfuscates what has really happened and gets all the attention.Īs you will see in the details below, the Ferrari 250 GTO would have held the world outright record for much of the last four decades if the real sales in the private 'brokered' segment of the market had been visible. The collectible car marketplace has three tiers: the auction marketplace, collectible car dealers and private sales. Regardless, they all still exist, and they have traditionally been so closely held that only one has been offered at auction in recent times. So, depending on what you classify as a genuine GTO, the answer is 29, 33, 36 or 39.

CHIP MCCAW DIVORCE PLUS

The exact number that were produced is a tad complex to understand: 33 Series I cars were made in 1962-63 with the Series I body we all recognize, another three series II cars with an LM style body were made in 1964, plus another three 330 GTOs (with a four-liter engine) in 1964, and four of the Series I cars were transformed by the factory to Series II bodies in 1964 too. In 2014, one of just three 1964 Ferrari 275 GTB/C Speciales sold for $26,400,000.īy comparison, there are a lot more Ferrari GTOs than there should be for them to command such stratospheric prices. For example, let's look at the cars that have previously sold at auction for more than $25 million (other than the world record 250 GTO). Normally, the rarity of an object is directly proportional to its value. With another Ferrari 250 GTO headed for auction in Monterey on Saturday night, the stage is set for a showdown between the world's UHNWI (Ultra High Net Worth Individuals) for an entry ticket to one of the world's most exclusive clubs. The world car auction record of US$38.1 million was set at Bonhams' Quail Lodge Sale in August, 2014 by a 1962-63 Ferrari 250 GTO, but many unverified private GTO sales have far exceeded that figure, with the outright world record for a private sale of a car believed to have been set by a 250 GTO at $70-$80 million in May, 2018. At any point in time, Ferraris make up more than half the top 100 most valuable cars sold at auction, and the prices paid for Ferrari 250 GTOs over the last three decades would make up the vast majority of the highest outright prices paid (including dealer sales and brokered private sales) for any automobile. Statistics unquestionably show that Ferrari is already the most desirable collectible car marque. Over the course of the last half century, the Ferrari 250 GTO has emerged as the most desirable and potent blend of style, exclusivity, performance, heritage and status of any automobile. The Ferrari 250 GTO is the 'Holy Grail' for car collectors.

The contest will be for the ownership of the world's most coveted collectible car – a Ferrari 250 GTO. It won't take place in a boxing ring or an octagonal cage, but on the Monterey auction block of RM-Sothebys, the collectible car auction company that has sold more elite automobiles than any other company in the world over the last decade. At 8pm on Saturday August 25, one of the greatest heavyweight contests in history will take place.

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