1960s Ferrari 250 GTO: Asking Price $50,000,000

Legendary 1960s Ferrari 250 GTO

The 1960s Ferrari 250 GTO is a legendary classic with a modern asking price of around $50,000,000 USD. The 250 GTO was produced from 1962 to 1964 with a limit of 39 units. The design of the 250 GTO is by Giotto Bizzarrini and Sergio Scaglietti. The body style of the GTO is a 2-door Berlinetta with a FR layout. The 250 GTO fits between its predecessor, the 250 GT SWB, and its successor, the 250 LM.

3.0-Liter Tipo 168 Comp/62 V12

1960s Ferrari 250 GTO - Engine - Wikimedia Commons - EuroDrift

1960s Ferrari 250 GTO – Engine – Wikimedia Commons – EuroDrift

Under the hood, the 1960s Ferrari 250 GTO has a 3.0-liter Tipo 168 Comp/62 V12 engine. This motor produces 302 horsepower and 246 lb.-ft. of torque. In combination with a 5-speed dog-leg manual transmission, the 250 GTO hits 60 mph in only 5.4 seconds. This engine also allows the 250 GTO to hit 100 mph in only 10.5 seconds. On the quarter mile, the GTO finishes in 13.1 seconds. Lastly, on the top end, the Ferrari 250 GTO can hit 174 mph.

Ferrari 330 GTO Specials = Ferrari 250 GTO Body + 4.0-Liter V12

If you’ve heard of a “4.0-liter” V12 250 GTO, you aren’t completely wrong. There were 3 models built called the 330 GTO Specials. These models have the 250 GTO chassis and body but a 400 Superamerica 4.0-liter engine. These cars were built for racing and feature a larger bonnet bulge. Secondly, these vehicles were used in testing by Scuderia Ferrari before being sold to private customers.

From $18,000 MSRP in 1962 to $50,000,000 in 2018

On the current market, the 250 GTO is for sale at $50,000,000. Initially, the car was for sale at a MSRP price of $18,000 in the U.S.. Over the years, the price has steadily grown, but during the few years after, up until 1974, the car was in a depreciation state. After 1974, the car began to increase drastically over the years. This value well exceeds the inflation that one would expect from the 54 to 56-year difference. Using an inflation calculator, the MSRP in today’s market would be around $147,914.40. This means the actual value of the 250 GTO has increased by 338x! Whoever bought and kept these cars have officially hit the jackpot.

The Ferrari 250 GTO is the Picasso of the Car World

In conclusion, the 1960s Ferrari 250 GTO is a legendary car collector’s dream. This car is a beautiful vehicle with its design by Bizzarrini and Scaglietti. The V12 engine purrs magnificently while the Ferrari race design provides the feel of a true race car from the 60s. Surprisingly worth $50,000,000 today, this vehicle was worth only $18,000 back in the early 60s. The Ferrari 250 GTO is an amazing car that is the equivalent of a Picasso or Van Gogh painting in the car world.

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