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Ferrari 250 GTO is 60-Years-Old.

The car considered by many to be the most famous car ever made will celebrate a major milestone in 2022. The iconic Ferrari 250 GTO will reach diamond status when celebrating its 60th birthday this year.

Only 36 models were produced between 1962 and 1964, making this Ferrari extremely rare and very valuable. The 250 represents the cubic centimetre displacement of each of its cylinders and GTO meaning Gran Turismo Omologato.

The first GTOs sold for 18,000 USD in the USA, with buyers having to be personally approved by Enzo Ferrari! Since then, the value of the car has been on an upward trajectory, with a 1963 250 GTO selling privately for 70 million USD in 2018 - a world record sales price for a car.

The 250 GTO has received many accolades and nominations over the years such as "Top Sports Car of All Time", "Greatest Ferrari of All Time" and "Hottest Car of All Time".

The car was designed to compete in Group 3 GT racing, up against the likes of the Shelby Cobra and the Jaguar E-Type. The initial development was headed by Giotto Bizzarrini, but he was replaced later in 1962 and the further development became a collective effort of many engineers and designers.

The design was very focused on aerodynamics for speed and had a minimalist interior, with many prototypes being road and track tested before the unveiling of the first 250 GTO in 1962.

This classic two-door sports car has 5-speed manual transmission, a V 12 engine, and all-aluminium bodywork over a chassis that was based on its predecessor, the 250 GT SWB. The models were produced in a variety of colours, with the bright red "Rosso Cina" being the most famous.

In terms of racing, the 250 GTO made its debut at the 12 Hours of Sebring in 1962, finishing 2nd overall but impressing many onlookers. Over the next two years, the GTO would go on to win many races, culminating in the International GT Championship title in 1962, 1963, and 1964. The Tour de France Automobile was also dominated by Ferrari over a 9-year period, with the 250 GTO winning in 1963 and 1964.

Success was brief though, and by 1965 Ferrari had withdrawn the 250 GTO from all racing events. A few independent teams would continue entering the car in rallies and endurance races for a few more years, but by the late-sixties, the 250 GTO was rarely seen.

Since then, the GTO has become the most valuable collector car worldwide, with prices steadily rising during the 70s, 80s, and into the new millennium, as the legendary status of this rare vehicle continued to grow.

Many famous names and celebrities have become lucky owners over the years, so it will be interesting to see what the next 10 years has in store in terms of potential sales and value for this 60-year old legend, the last front-engine racing car from Ferrari.

Nick Aylieff
Owner & CEO, Classic Motors For Sale
+44(0) 2392 160 809 | +66(0) 864 054 536 | This email address is being protected from spambots. You need JavaScript enabled to view it.

www.classicmotorsforsale.com | www.ferrarimotorcarsales.com

Classic and Vintage Car Buying: A Rough Guide For Your Road To Success

When buying a classic or vintage car, whether it's your first or you have bought others before, there are always several important aspects to consider before making that purchase. Here we look at some of the important areas you must not overlook together with a few tips to make the process as smooth and painless as possible.

Research, research and more research – this is key! Before buying the car make sure you have researched all you need to know on the vehicle and fully done your homework, possibly even find and join an owners club if you have a specific model in mind.

Research all of the upkeep costs and the retail value of the car you have in mind, and check what insurance costs are going to be for your new pride and joy

When buying the car, especially if it is your first, follow your passion and buy a car that you care about. Don't only think about the value and how much it might appreciate in the coming years.

Before making that purchase check that you have the right garage size or suitable storage for the vehicle in mind, especially if you plan to do work on the car yourself.

A full car inspection is an obvious tip but it is a very good idea to get this done by a professional car inspector, they may find things that you might otherwise have missed. Always check the exterior in natural daylight and pay particular attention for any areas of rust, especially underneath the vehicle.

Check the vehicle's identification number (VIN) which is usually stamped on the engine and ensure that the number matches with the other places on the car that have the VIN. If numbers don't match then it could mean the engine is certainly not original.

The interior is also important, so buying a car that has all or certainly most of its original interior will be a great asset in terms of value.

Finding a mechanic that can do professional work on the car you plan to buy is also a very good idea, and always take the car for a test drive if it is both safe and legal to do so at the time.

The credentials of the seller are also important, so make sure that they do have the car registered to them before you buy it and never rush into payments. Take time to check that everything is above board, especially if making any online payments, and try to avoid any financial scams.

If you are looking for a car that will increase greatly in value then research the production numbers. Low numbers will yield higher value investments.

Finally, before making that purchase, decide exactly how you are planning to use the car and set yourself a budget that will reflect this, don't overspend on something that will be a constant drain on your finances.

So as you can see, there is a lot to consider before making that classic or vintage car purchase. However, there are many reputable companies out there that can assist you in this quest. We can recommend a number of them here that will give you expert buying advice.

Talacrest are the number one in the classic Ferrari market, having sold in excess of 1700 Ferrari. If you are serious about buying a classic Ferrari then they are certainly the people to contact. Speak to John Collins if you can by calling +44 (0) 1344 308178 or check their website for more information www.talacrest.com

For an Aston Martin, then the Runnymede Motor Company are your best bet on +44 (0) 1753 644599, with Martin Brewer the man to speak to. Further details can be found on their website at www.runnymedemotorcompany.com

If it's a Rolls-Royce or Bentley you are looking for then head over to Garage de Vaal and try to have a word with Han de Vaal. They are located in the Netherlands but offer excellent service, so check out their website at www.garagedevaal.nl

A couple of dealers specialising in a wide range of vehicles are Classic Mobilia at www.classicmobilia.com (Keith Riddington) and the Classic Car Shop at www.classiccarshop.co.uk (Martin Daly).

If you are looking solely for an assessment of a vehicle then look no further than Classic Assessments, a historic vehicle inspector and assessor. They can cover any UK location and almost everywhere worldwide and will assess and value Vintage, Classic and Thoroughbred vehicles. With a vast level of experience, they can assist with many makes and models and provide classic car inspections, pre-purchase inspections, classic car valuations, witness reports, accident assessments, restoration management and vehicle valuations. More information can be found at www.classicassessments.com (Brian Page is the man to contact if possible).

So there you have it, a rough guide to buying that classic or vintage car and a few very useful contacts to help you along the way – enjoy the ride!

If you are looking to buy your next dream car any time soon then take a look at the wide selection we have available on our website at www.classicmotorsforsale.com

We can assure you of expert help and advice at all times and further contact details can be found below.