FERRARI 250 GTO...!!!

Discussion in 'Vintage (thru 365 GTC4)' started by 134282, Apr 20, 2004.

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  1. ag512bbi

    ag512bbi F1 Veteran
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    Worth every penny!
    Which would you rather pay for and have?
    https://www.telegraph.co.uk/news/2017/11/16/leonardo-da-vincis-salvator-mundi-sells-450-million-342-million/
     
    jgonzalesm6 likes this.
  2. Bluebottle

    Bluebottle F1 Rookie
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    I always listen. I don't get any choice. But always when she finds out after I have bought it. Then I let it wash over me!

    I fear, however, that if I were to trade the house for, say, a Miura, and tell her that her living space is the passenger seat, and the boot is her wardrobe, it might be her lawyer speaking, not she.:(
     
  3. Marcel Massini

    Marcel Massini F1 World Champ
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    Lusso123, jgonzalesm6, Ashman and 5 others like this.
  4. turbo-joe

    turbo-joe F1 Rookie
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    but it must be the right cars

    if you have the right one you can listen :)

    you may offer her the driver seat :)
     
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  5. BIRA

    BIRA Formula Junior

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    I did not say you said it either I expressed my own humble opinion!
     
  6. Bluebottle

    Bluebottle F1 Rookie
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    Now you're just being ridiculous! ;)
     
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  8. ag512bbi

    ag512bbi F1 Veteran
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    Exactly!
    To me paintings are a waste! I just don't get them.
     
  9. E60 M5

    E60 M5 Moderator
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    Most of the collectors don't drive their cars either!!! LOL!!
     
  10. Bluebottle

    Bluebottle F1 Rookie
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    :D:D:D
     
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  11. tomgt

    tomgt F1 Veteran
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    Hyper inflation
     
  12. Timmmmmmmmmmy

    Timmmmmmmmmmy Formula 3

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    The last one to sell publicly (CSX2601) was one of the best (it was the car Bondurant drove to a victory at Reims in 1965 thus winning the WSC for GT and highly original) and fetched circa $7 million in 2012 and compared to GTO sales that same year at around the $35 million mark. The market has essentially doubled since then and that particular Shelby Daytona sold at Mecum and pretty low so $15 - 20 million if one was offered in 2018.
     
  13. F40-R

    F40-R Formula Junior
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    Awesome news, the investment of the millennium isn’t IT stock shares, it is the 250 GTO.
     
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  15. Admiral Goodwrench

    Admiral Goodwrench Formula Junior

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    I not exactly a collector but I do drive mine:


    Best regards,

    Robert
     
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  16. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

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    Yes, I'd agree for this millenium. However, if you go from the last 250 GTO peak price prior to the collapse in 1990, it has not outperformed the S&P500. January 1990 price sold for $13mm highest before the bust and this one is $70mm. That's 438% increase. Compared to S&P that went up 700% in same time frame and with dividends reinvested up 1336%. Maybe this $70 million is the peak. I give it 2 more years of a new record price set before the next recession starts.

    250 GTO is more fun, though. :) I'm sure the life experiences it provides and the new friends you make along the way can't be replaced. ;)
     
    Timmmmmmmmmmy likes this.
  17. George Vosburgh

    George Vosburgh Formula 3
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    The guy that started WeatherTech bought it. That's a lot of floor mats!
     
  18. TheMayor

    TheMayor Six Time F1 World Champ
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    How does this guy make that much money? I don't get it.
     
  19. readplays

    readplays Formula 3

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    I think it's a combination of a fairly high-ticket item and volume. Not only direct to the consumer but also apparently direct to some manufacturers.

    As a comparison, Arturo Keller did *pretty well* ;) making car seats for the big 5; GM, Ford, Chrysler, Nissan and VW.

    It seems there's money to be made in the auto industry if you can build a successful business that serves the industry well.
     
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  20. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

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    You should read about Shad Khan, the multi-billionaire owner of the Jacksonville Jaguars. His company makes car bumpers for Toyota....basically just plastic. Started with a SBA loan a long time ago.
     
  21. noone1

    noone1 F1 Rookie

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    How about Bitcoin? ;)
     
  22. E60 M5

    E60 M5 Moderator
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    Love watching you drive her!! I remember seeing the body on a cart at the FCA meet out at Great Meadow back in '06. Lovely machine!!!
     
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  23. Ashman

    Ashman Two Time F1 World Champ
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    Not only that, unlike bluebottle's London flat, you can't even live in it!
     
  24. Ashman

    Ashman Two Time F1 World Champ
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    WeatherTech mats for my daily driver cost $100 compared to $15 for a set of Goodyear mats from Costco. Both are made of rubber. While I'm sure the WT mats are nicer fitting, I'm not sure they perform better and I doubt they cost much more to make even though they're made in the U.S.

    There's a lot of margin in those mats!
     
  25. BIRA

    BIRA Formula Junior

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    I got it, he bought the GTO to be able to measure it properly and develop an exclusive line of mats for those cars..small niche market though
     
  26. mchas

    mchas F1 Rookie
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    Tax write off!! :)
     
  27. Timmmmmmmmmmy

    Timmmmmmmmmmy Formula 3

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    In the world of $500k watches and other baubles, perhaps that isn't a joke?
     

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