Someone Just Paid $48.4 Million For This Ferrari 250 GTO

Photo credit: Patrick Ernzen ©2018 Courtesy of RM Sotheby’s

From Road & Track

Having no doubt read our guide on how to buy a $45 million Ferrari 250 GTO, somebody decided $44 million was a good deal for former Microsoft software guru Greg Whitten’s prime Series II at RM Sotheby’s Monterey auction.

The buyer’s fee and various other taxes pushed the total sum to $48.4 million, which makes this the most expensive car ever sold at auction. Unfortunately, that falls outside of Road & Track‘s recommended price for a 250 GTO. . . .by about a Bugatti Chiron Sport’s worth. But since that kind of money couldn’t even buy you a Divo, it’s perhaps irrelevant.

Photo credit: Patrick Ernzen ©2018 Courtesy of RM Sotheby’s

People who know cars would argue only a fool would pay $48 million for a beefed-up 250 coupe, let alone for one Enzo’s crew built just thirty-six of. However, it’s a seller’s market, and as long as millions can be made within a few years of buying, the GTO bubble won’t burst.

Then again, it’s worth noting that during the same weekend, somebody took home Aston Martin’s most valuable one-off for less than half of the GTO’s price. In fact, the $21.4 million sale of the 1963 DP215 Grand Touring Competition Prototype made Aston Martin so happy, it announced a long-term partnership with RM Sotheby’s, no doubt in order to get the most of out the highly prosperous collector-car business. After all, buying cars as an investment is the norm now, which is why a lot of high-end automakers have launched dedicated classics departments.

Photo credit: Simon Clay ©2018 Courtesy of RM Sotheby’s
Photo credit: Simon Clay ©2018 Courtesy of RM Sotheby’s

Yet, if you feel that $22 million should buy an investment-grade car also capable of a grocery run, RM Sotheby’s won’t let you down:

How about this 1994 McLaren F1, chassis 014, complete with the GTR-style High Downforce Kit? It’s just past its engine-out service, so no worries about maintenance for a while. . .

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Author: HEDGE

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