Since the late-1980s, Ferrari’s GT racecar has been priced like rare art. My Car Quest's Mike Gulett blogs about Ferrari’s ultimate collectible.
In the UK last May, a GTO (Serial #4675 GT) crossed the block at approximately $20 million, down from $25 million for one a couple of years earlier. Valued like the rarest of fine art, the 250 GTO, built between 1962 and 1964, represents Ferrari’s finest hour in GT racing. A total of 36 GTOs were built in 1962-1963 and just three Series II cars built in 1964.
Originally produced for FIA Group 3 Grand Touring Car competition, and priced at under-$20,000 in the U.S., buying one required the personal approval of Enzo Ferrari. Sales in the U.S. also required the approval of Ferrari North America’s Luigi Chinetti.
Mike Gulett blogs about the GTO at My Car Quest,
http://mycarquest.blogspot.com/2011/01/ferrari-250gto.html
For complete Ferrari 250 GTO details and specifications, please visit, http://www.ferrari.com/English/GT_Sport%20Cars/Classiche/All_Models/Pages/250_GTO.aspx