The most expensive of them all?

In recent times Ferrari´s have been offered and sold at auctions for record breaking amounts. My question is, which Ferrari, on or off the market, would command the highest selling price? In other words, which Ferrari would be the most valuable of them all if it were to be put up for sale? Of course, you would only know for sure when it actually is on the market, but perhaps we can speculate a little, just for fun.

I was thinking about 6885GT. Much rarer then any 250GTO and a killer racinghistory to boot. But that is just my first thought. I don´t even know what price it could realistically fetch.

 

but ANY GTO will sell for more than the wonderful 6885 (without "GT").

 

But a Testa Rossa 0714 TR looked to be more expensive than a 250 GTO according to the actual selling price, but would 0714 TR come out most expensive if all 250 TR´s would be offered on auction?

And continuing that train of thought, with 250 GTO would emerge most expensive if they were all offered? And why? Again, pure speculation, but still...

And what about 330 LMB 4725SA for instance? Like 6885 a LM class winner and a very rare car. How would it stack up to an ´ordinary´ 250 GTO if up for sale?

 

No GTO has been sold through auction at the top of the market since 1989. There were strong rumours of I think 2 GTO sales last year (through private deals or brokers) and both were rumoured to have been in excess of $20 million, which is significantly more than the amount for 0714.


Onno

 

There are many GTO's but only one 004C, the oldest Competizione in existence. We were guessing this baby was a 20 mil item if it ever came up
http://www.ferrarichat.com/forum/showthread.php?t=242223&page=3
The owner, Jim Clark, told me the magnetos were super low s/n'ed 002 and 005 (IIRC) and the Webers were 0022, 0023, and 0025 (IIRC)

Extremely cool, even beat out Jon Shirley's TR for vintage class.

 

So, what´s with these GTO´s? Sure, they have racing provenance, but that can be said for many other Ferrari´s, even for Ferrari´s that are much more rare. Is it their looks? Or just the assumption of the market that the GTO should be the most expensive?

I mean, historically speaking, the 250 GTO is an important Ferrari but in relation to other important (competition) Ferrari´s their current worth seems a little out of balance.

On a side note: I do believe the most expensive Ferrari would be a competitioncar, per definition.

 

isn´t every historic Ferrari´s worth far out of balance these days?

 

Isnt 002c the lowest?

 

I believe that debate has been going on between Jim and Nathan.

 

I am not an expert, but it seems to me that rarity and provenance is balanced with usefulness. A GTO is rare, but is also easily enjoyed. When compared to, just for example, a car like the P3/4 0846, which is stunning and rare, but more (I would think) demanding. Perhaps this is the same reason a 333SP is not much more than an F50 when the 333SP is more rare and "super" but the F50 can be enjoyed virtually every day. Perhaps the same reason the maserati MC12 Corsa on ebay right now (there is a thread on here about it somewhere) has a price less than youd pay for an Enzo or maybe even a street MC12. Race cars are great but enjoying them properly can be complex.

Just my $.02

 

Very valid points, but it doesn´t explain the difference between 6885 and a 250 GTO. I even believe 6885 (a Le Mans winner!) was used as a roadcar for quite some time in the seventies.

Apparently, the GTO has an iconic status as Wayne suggests. So then the question is, where does this status come from? Was the GTO the first Ferrari to reach astronomical sellingprices? You know, the type of prices that (to me anyway) prove that the vintage car market has more similarities with the art market than with the (high end) car market.

 

002 (c) is older than 004C and is the oldest continuously existing Ferrari.

01C's scrapped chassis may have been used by Ferrari to build 010I after 002 (c) was built.
Some think it was, I don't, but 01C no longer exists and the car that may use it's chassis was restamped 010I by Ferrari.

As an aside there have been several offers from the Mid East for Ferrari P 4/5 for an amount that exceeds the highest price ever paid for any Ferrari. P 4/5 is not for sale.

 

Good point, your comment about iconic status is probably right on. The GTO seems to be the "ultimate" (whatever that means ) Ferrari to many people. Why is really anyones guess.

Personally, Id rather have a pontoon fender TR...

 

The popularity of the GTO is, IMHO, due to a number of things.

The first is that it was the last (and most developed) of the very successful front engine racing cars and has a championship pedigree. The second is that it is “streetable” to a far greater extent, so you can enjoy it more on the street than a lot of later cars that were more racing cars than they were GT cars. Thirdly, and this may be the biggest one, it is clothed in a beautiful body that epitomizes the long hood/short deck classic GT car. So, what’s not to love?

One last thing is that this car was on the track when many of the folks who are now collecting these cars were in their early years of actually seeing races. Consequently, the GTO captures a golden moment in history where it represents car that we first fell in love with but could only dream of then. Now these folks have the money to buy their first dream car so the price has risen accordingly.

 

This would not surprise me in the least... With the classics, the myth is so much bigger than the reality.

And when this group passes on (age, wealth, etc.) the prices will fall accordingly.

I don't know. I always found the 250GTO less attractive than the 250SWB that preceded it and the 275GTB that superceded it.

 

Which is why I prefer the 308 GTB I was once fortunate enough to have driven, over any F430.

Speaking of roadcars, which Ferrari roadcar would be most valuable? Right now I am thinking 6025 GT.

 

Wayne

IMO Bob will be right:

don't speak too soon
For the wheel's still in spin
And there's no tellin' who
That it's namin'
For the loser now
Will be later to win
For the times they are a-changin'

Best

 

I had this Joan Baez collection on this AM, on the way to work.......

Her version of 'Forever Young'.....well, it was something!

I'll pick either the street trimmed 250LM show car, or 412MI, if I get to......... really any of the nice 315S or 335S would work for me.....

 

I just bought a coffee table book on famous art and artifact frauds in history, and lo and behold - there was an article on the so-called Chinese Ferraris. Right in there with the Piltdown Man and the false Guchi handbags.

As part of the lead-in, the writer states that the most valuable of all Ferraris to a collector is the P3.

Not that he is any kind of authority, of course - but I found it interesting.

 

There aren't any P3's currently existent nor have any ever been sold.

 

Oh, OK - you have the P3/4, right? Maybe if he knew that (this non-existent thing) about the P3 it could explain his logic...

 

There were three P3's. Two were converted by Ferrari into 412P's before being sold.
One was converted into a P 3/4.