This is precisely what we report to you today. The sale of a magnificent 1963 Ferrari 250 GTO “diamond” with the 5111GT chassis, which broke all records.
It was awarded for the modest amount of 52 million dollars , which at the current exchange rate translates into a few bucks 38.26 million euros . An authentic record value for a "second hand" car that is not just any car, but a piece of automotive history, loaded with symbology and affection.
The Ferrari market in the United States has seen a growth of around 38.8%, until September this year, which is not surprising and is in line with recent quotes for Ferrari rarities: the last model to be quoted in record values was the Ferrari 275GTB/4*S Nart Spider, fetched for $27.5 million at the RM'S Monterey auction last August.
But if, on the one hand, some collectors and appraisers are worried about the bubble effect that these sales of astronomical values can take, others see these cases as an example of how the classics are becoming more and more a good investment.
The most ironic thing about this case is that despite the rarity of the model, it is not an isolated case. Ferrari GTOs have been appearing a lot at auction, but there are exceptions: Pink Floyd drummer Nick Mason's Ferrari 250 GTO has been long sought, but Nick refuses to sell it at any price.
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A world accessible to very few and that is on fire, proof that the classic market is becoming almost like a rival to financial investments. Equating this market to that of works of art, a comparison available to few models, there is no doubt that this 1963 Ferrari 250 GTO already has its name written in the history of the most expensive works of art ever.
The identity of the happy buyer is not yet known, but the seller is none other than the collector Paul Pappalardo from Connecticut, who thus gives up his 1963 Ferrari 250 GTO, for no apparent reason so far.
