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Someone just paid 48 million for a Ferrari 250 GTO

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  • meluaufeetmeluaufeet Posts: 764 ✭✭✭

    I'll take a MCLAREN 600LT and the 47.5 M
    I'll need some of that 47.5 to build a suitable garage because I doubt I'd ever drive it on Maui.

  • ashelandasheland Posts: 23,445 ✭✭✭✭✭

    @RogerB said:
    How does one even display such a vehicle except in a secure car barn? Obviously, theft is not a problem since the care is effectively unique and extremely difficult to sell to anyone with the ego to buy it. (Doubt insurance could be purchased; although it's a nice problem to have.)

    Likely will go in a museum.

  • jwittenjwitten Posts: 5,218 ✭✭✭✭✭

    @1630Boston said:
    Here I am test driving it before the auction :smile:

    https://youtu.be/XBp9QmDFTfY

    Sounds like it's going 100 mph, but looks like 30. LOL. I think they babied that thing around and added some sound effects.

  • mustangmanbobmustangmanbob Posts: 1,890 ✭✭✭✭✭

    Mine's Almost in that Class, and red is it's original color. A lot fewer zero's though, and I drive the snot out of it. Tires are lucky to make 6 months with rooster tail burnouts.

    1969 Shelby, 428 Police Interceptor 4 speed 9" locker rear, and yes, it's a magnet.

  • ZoinsZoins Posts: 34,394 ✭✭✭✭✭
    edited August 27, 2018 9:08PM

    It's great that Greg Whitten, the previous owner, raced it. His appreciation of racing history reminds me of Jim Glickenhaus a bit. Jim collects classic racing cars but creates new ones to race.

    Greg Whitten, who joined Microsoft in 1979 as its 15th employee and sold the car, said it's been a better investment since he bought it for one-tenth its selling price in 2000.
    [...]
    Whitten said he bought the car to race in vintage car races and once got it up over 155 mph.

    "It's a beautiful car, but it's not whole until you are racing it," he said.

    Yet over time, as vintage racing was opened to a wider variety of cars, Whitten said that he had a hard time racing the car against more powerful, newer cars. And he said the owners of less expensive cars could become careless on the racetrack around the far more valuable GTO — so it was no longer as fun to race and to own.

    "Some of these people don't have respect for the car," he said. "If they crash it it's not a big deal."

    Even though he sold his GTO, Whitten said he still has "about a dozen" other Ferraris and he hopes to purchase plenty of other classic race cars.
    [...]
    Whitten, who was the 15th employee of Microsoft and joined in 1979, said he doesn't buy cars as investments – but to be driven and raced.

    https://www.cnbc.com/2018/08/27/most-expensive-car-ever-sold-at-auction-fetches-48-million.html

    Here's an in-motion photo and additional commentary:

    Greg says he’ll miss the car, as it’s one of the most fun to drive, which is saying a lot for a guy with two La Ferraris and a host of other exotics. He knows it’s widely considered the most valuable car ever to go to auction. But the 250 GTO isn’t about the dollar value. Greg is right. It’s about the soul. It’s about authenticity. It’s about sitting in the seat of champions.

    https://www.forbes.com/sites/rebeccalindland/2018/06/20/will-this-1962-ferrari-250-gto-be-the-most-valuable-car-ever-sold-at-auction/#1cdc66ac7098

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    @BackroadJunkie said:

    @OldEastside said:
    Well it is RED

    Steve

    I have been told in no uncertain terms that a car is not a sports car unless it's red.

    Thus, all my cars have been charcoal grey. If a local law enforcement official should radar a red car and my car at the same time and have to decide which to pull over, he will pull over the red one. Or the BMW/Mustang. Because they look faster.

    It's happened several times, so it seems to be more than coincidence. (I drive a lot, in case my handle didn't say that.)

    But It shure is a purdy car....

    Red

    Sports car yes

    Rolls Royce not so much

    Outside of my hotel in China this morning

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • Mission16Mission16 Posts: 1,413 ✭✭✭

    @oih82w8 said:
    $48 Million to zero in one impact with a wall. It will probably always worth something though.

    Actually, a car like THAT: you could pretty much total it, rebuild the entire thing and it would still sell for pretty close to that.
    I think it was J Giels that said that about one of his Ferrari's when someone asked him why he drove his million dollar car to a car show.

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    @asheland said:
    Cool car, but I'd rather have the cash. :D

    Even if @Paradisefound wanted a ride!? :o;)B)

  • astroratastrorat Posts: 9,221 ✭✭✭✭✭

    @bolivarshagnasty said:
    Agreed. We discussed this at our local car show this past weekend. The new cars are readily available with 500 to 800 hp and stopping power that the old cool cars never had. Throw in heated seats and steering wheel, AC, 900 watt 18 speaker sound systems, automatic everything, and it's easy to see why some have moved to the new muscle/pony cars.

    Yep ... so true. My dad (who is 77) just picked up a 2013 Mustang Boss 302 and it's incredible. Not massive HP (only 444), but remarkably well balanced. He finds it scary fast ... and he used to race cars. He likens it close to the original Boss 302 as a 'buy it on Sunday and race on Monday' kind of car.

    One of the most 'fun for the dollar' cars I have owed was my 1994 Miata R. It drove like a four-wheel motorcycle. By the numbers it was not fast ... but the 'seat of the pants' experience (especially on the track) was quite memorable. Wreck it? No problem. They were so cheap as to be nearly disposable.

    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
  • astroratastrorat Posts: 9,221 ✭✭✭✭✭

    Drop-dead gorgeous. Pininfarina sure could design cars.

    Numismatist Ordinaire
    See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    @mustangmanbob said:
    Mine's Almost in that Class, and red is it's original color. A lot fewer zero's though, and I drive the snot out of it. Tires are lucky to make 6 months with rooster tail burnouts.

    1969 Shelby, 428 Police Interceptor 4 speed 9" locker rear, and yes, it's a magnet.

    Very nice!

  • BLUEJAYWAYBLUEJAYWAY Posts: 9,779 ✭✭✭✭✭

    Nah. None of us true coin collectors would want it. Can't be slabbed or upgraded to a "Bean".

    Successful transactions:Tookybandit. "Everyone is equal, some are more equal than others".
  • brg5658brg5658 Posts: 2,399 ✭✭✭✭✭

    @Crypto said:
    Cars are my true love that one has the sounds and refinement/purity of a Stratovarius.

    Or maybe even a Stradivarius... :smiley:

    -Brandon
    -~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-
    My sets: [280+ horse coins] :: [France Sowers] :: [Colorful world copper] :: [Beautiful world coins]
    -~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-

  • lkeigwinlkeigwin Posts: 16,892 ✭✭✭✭✭

    Wonderful car. If I had a $billion I'd buy it.

    I wouldn't track it. Too many loonies on the racetrack. But I'd drive it in the hills and canyons every weekend. I might even take it to Starbucks now and then.
    Lance.

  • BaleyBaley Posts: 22,663 ✭✭✭✭✭

    @jwitten said:

    @1630Boston said:
    Here I am test driving it before the auction :smile:

    https://youtu.be/XBp9QmDFTfY

    Sounds like it's going 100 mph, but looks like 30. LOL. I think they babied that thing around and added some sound effects.

    Yeah, "Professional driver on closed course. DO NOT ATTEMPT!"

    LoL

    Liberty: Parent of Science & Industry

  • ZoinsZoins Posts: 34,394 ✭✭✭✭✭
    edited August 27, 2018 10:30PM

    @meluaufeet said:
    I'll take a MCLAREN 600LT and the 47.5 M
    I'll need some of that 47.5 to build a suitable garage because I doubt I'd ever drive it on Maui.

    Don't let being on Maui stop you :)

  • 1Mike11Mike1 Posts: 4,416 ✭✭✭✭✭

    @Zoins said:

    @meluaufeet said:
    I'll take a MCLAREN 600LT and the 47.5 M
    I'll need some of that 47.5 to build a suitable garage because I doubt I'd ever drive it on Maui.

    Don't let being on Maui stop you :)

    His fees as a private eye must have been hefty to be able to afford that. Unless he borrowed it from Higgy Baby.

    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Not my type of vehicle.... and no, even if it were, I could not afford it. I prefer a tricked out HumVee....Gets me back in the hills, mountains, canyons etc., with capacity and capability. Ah yes... reality. Cheers, RickO

  • 7Jaguars7Jaguars Posts: 7,597 ✭✭✭✭✭

    I have often wondered when the low to mid-level "collector/classic" cars would start to suffer from the competition of the newer models. And it's not just about straight-line speed (which is considerable) but overall amenities, handling, braking, etc.
    Well, the time is now I guess. When muscle cars go for 100k, just what are you getting other than nostalgia. Cars such as the OP have a lot more going for them, artistic value, etc.

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • ARCOARCO Posts: 4,421 ✭✭✭✭✭

    Just like US coins, it is a piece of Americana....er, well, Italian-American anyway. The old saying goes, "They aren't making any more land" (as a truism that supports investment in real estate). Well, they are making a whole lot less of rare, old 250 GTO Ferraris.

  • jughead1893jughead1893 Posts: 1,698 ✭✭✭✭✭

    Victoria Texas high school auto shop class had a gto donated to them in the 60's.old race cars had no valve

  • ZoinsZoins Posts: 34,394 ✭✭✭✭✭
    edited August 28, 2018 7:32AM

    @7Jaguars said:
    I have often wondered when the low to mid-level "collector/classic" cars would start to suffer from the competition of the newer models. And it's not just about straight-line speed (which is considerable) but overall amenities, handling, braking, etc.
    Well, the time is now I guess. When muscle cars go for 100k, just what are you getting other than nostalgia. Cars such as the OP have a lot more going for them, artistic value, etc.

    The new Mustang, including GT350, has a lot of refinements. An interesting thing is that it has so many refinements that one of my friends got a new Challenger because he said the Mustang was now a sports car, and no longer a muscle car.

  • CaptHenwayCaptHenway Posts: 32,464 ✭✭✭✭✭

    Can I get my walker in the trunk? No!

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • ZoinsZoins Posts: 34,394 ✭✭✭✭✭
    edited August 28, 2018 8:15AM

    @CaptHenway said:
    Can I get my walker in the trunk? No!

    They have you covered too. These 4 seaters have found their way to Home Depot, coming back with 2x4s sticking out the back.

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭

    @astrorat said:

    Drop-dead gorgeous. Pininfarina sure could design cars.

    Looking at it straight on from the from & back it reminds me of an Opel GT.

  • ebaytraderebaytrader Posts: 3,312 ✭✭✭

    Most y'all don't follow the car market, but the $48mm is a cheap date!

    The record for the 39 built is $70mm set earlier this year. :o

  • 7Jaguars7Jaguars Posts: 7,597 ✭✭✭✭✭

    Ha, funny you mentioned GT350 - I have a 2017 and I bought it because of how much overall car it is for the money. And not to mention a Ferrari inspired Flat Plane Crank marvelous V8....

    Love that Milled British (1830-1960)
    Well, just Love coins, period.
  • ashelandasheland Posts: 23,445 ✭✭✭✭✭
    edited August 28, 2018 9:24AM

    @DIMEMAN said:

    @asheland said:
    Cool car, but I'd rather have the cash. :D

    Even if @Paradisefound wanted a ride!? :o;)B)

    Well... >:)

  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    It's OK....it's ONLY a car :( I'll find a better RIDE ;)

    @asheland said:

    @DIMEMAN said:

    @asheland said:
    Cool car, but I'd rather have the cash. :D

    Even if @Paradisefound wanted a ride!? :o;)B)

    Well... >:)

  • DIMEMANDIMEMAN Posts: 22,403 ✭✭✭✭✭

    @Paradisefound said:
    It's OK....it's ONLY a car :( I'll find a better RIDE ;)

    @asheland said:

    @DIMEMAN said:

    @asheland said:
    Cool car, but I'd rather have the cash. :D

    Even if @Paradisefound wanted a ride!? :o;)B)

    Well... >:)

    :oB)

  • ChrisH821ChrisH821 Posts: 6,606 ✭✭✭✭✭

    Wonder if Jay Leno bought it...?

    Collector, occasional seller

  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭

    Buyer could have saved $48,396,010.00 buying this classic instead...

    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • Insider2Insider2 Posts: 14,452 ✭✭✭✭✭

    @ebaytrader said:

    @astrorat said:

    Drop-dead gorgeous. Pininfarina sure could design cars.

    Looking at it straight on from the from & back it reminds me of an Opel GT.

    You would need to catch it first. :)

  • ZoinsZoins Posts: 34,394 ✭✭✭✭✭

    @7Jaguars said:
    Ha, funny you mentioned GT350 - I have a 2017 and I bought it because of how much overall car it is for the money. And not to mention a Ferrari inspired Flat Plane Crank marvelous V8....

    It's a beautiful car. Love the lines. We finally have something that looks as good as the classics but drives much better.

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭

    For my birthday my wife got me a 2 hour Master the Manual driving experience at the 50 acre Porsche facility in Carson, CA. Drove the GT3. It’s was a blast. So challenging. Stilling smiling. My instructor tutors last years Indy winner when he comes to LA to train

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • ParadisefoundParadisefound Posts: 8,588 ✭✭✭✭✭

    @Justacommeman
    How fast did you accelerate and did you red line it?

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    edited August 28, 2018 10:12AM

    @Paradisefound said:
    @Justacommeman
    How fast did you accelerate and did you red line it?

    It’s not an oval track. Lots of skidding and drifting. On the only straight stretch hit about 135 in fourth and then into a sharp turn at 60 in a blink of an eyelash. You are forced to trust the car at that point. The car is a blast to drive and takes whatever you give it.

    m

    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • ashelandasheland Posts: 23,445 ✭✭✭✭✭

    @Justacommeman said:

    @Paradisefound said:
    @Justacommeman
    How fast did you accelerate and did you red line it?

    It’s not an oval track. Lots of skidding and drifting. On the only straight stretch hit about 135 in fourth and then into a sharp turn at 60 in a blink of an eyelash. You are forced to trust the car at that point. The car is a blast to drive and takes whatever you give it.

    m

    Sounds awesome!

  • johnny9434johnny9434 Posts: 28,764 ✭✭✭✭✭

    @Smudge said:
    Imagine the property taxes and insurance bills on that.

    no i cant :)

  • ZoinsZoins Posts: 34,394 ✭✭✭✭✭
    edited August 28, 2018 10:55AM

    @johnny9434 said:

    @Smudge said:
    Imagine the property taxes and insurance bills on that.

    no i cant :)

    Likely neither do the people who buy those. They have people to imagine those things for them ;)

  • LakesammmanLakesammman Posts: 17,437 ✭✭✭✭✭

    Talked with a buddy who has seen the car several times at the local Redmond Town Center rallies, so apparently it's leaving the Seattle area.

    "My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose, Cardinal.
  • 1Mike11Mike1 Posts: 4,416 ✭✭✭✭✭

    @Broadstruck said:
    Buyer could have saved $48,396,010.00 buying this classic instead...

    Probably holding out for the rare four door version. I believe it was called a Wego. :)

    "May the silver waves that bear you heavenward be filled with love’s whisperings"

    "A dog breaks your heart only one time and that is when they pass on". Unknown
  • RaufusRaufus Posts: 6,817 ✭✭✭✭✭

    Of course, in the art world $48M is the buyers premium on some of the highest priced pieces.

    Land of the Free because of the Brave!
  • RaufusRaufus Posts: 6,817 ✭✭✭✭✭
    edited August 29, 2018 2:53PM

    @meluaufeet said:
    I'll take a MCLAREN 600LT and the 47.5 M
    I'll need some of that 47.5 to build a suitable garage because I doubt I'd ever drive it on Maui.

    Porsche GT2 RS for me. Given it's performance relative to other far more expensive cars , esp. at MSRP, it's a bargain - and will likely appreciate.

    Land of the Free because of the Brave!
  • RaufusRaufus Posts: 6,817 ✭✭✭✭✭

    @oih82w8 said:
    $48 Million to zero in one impact with a wall. It will probably always worth something though.

    It happens....

    I saw this exact car within an hour of the accident at our local Cars and Coffee event. Such a magnificent car. Such a waste. Glad the driver was ok - physically at least.

    https://www.washingtonpost.com/local/public-safety/person-crashes-car-day-after-buying-it/2018/07/14/12b710e8-87d5-11e8-8553-a3ce89036c78_story.html?noredirect=on&utm_term=.66e030fd35da

    Land of the Free because of the Brave!
  • CatbertCatbert Posts: 7,423 ✭✭✭✭✭

    In a few weeks, I'll be at the BMW track and hope they'll give me an M car to drive. Can't wait!

    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • CaptHenwayCaptHenway Posts: 32,464 ✭✭✭✭✭

    @Raufus said:
    Of course, in the art world $48M is the buyers premium on some of the highest priced pieces.

    All together now, in a deep voice: "In a world where forty-eight million dollars is chump change...."

    :)

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭

    As they say, there is a sucker born every minute. Remember when someone paid $1.8M for a 28 year old petrified big mac? lol

  • RaufusRaufus Posts: 6,817 ✭✭✭✭✭
    edited August 29, 2018 5:24PM

    @CaptHenway said:

    @Raufus said:
    Of course, in the art world $48M is the buyers premium on some of the highest priced pieces.

    All together now, in a deep voice: "In a world where forty-eight million dollars is chump change...."

    :)

    https://successstory.com/spendit/most-expensive-abstract-paintings

    http://www.livingit.euronews.com/2017/11/16/listed-the-world-s-most-expensive-paintings-sold-at-auction

    Land of the Free because of the Brave!
  • BlindedByEgoBlindedByEgo Posts: 10,754 ✭✭✭✭✭

    100

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