Ferrari Mailing List: Re: So someone out there tell me what’s so special about these cars.......

[Jeff Kennedy (jkennedy.design]

Not money laundering - look at the list of owners, they have verifiable assets.

The 250 GTO is an extraordinary car that represents the highest art at the end of the dual purpose GT racers.  

• The GTO is actually street driveable and not trying to bite the driver (see 250 LM).  On the track a decent driver can look good.  
• There are just enough of them so there can be a market. 
• Every GTO has a racing provenance
• Many of the GTOs had owners/drivers that were significantly accomplished racers
• The GTO is not a fragile car or with a hand grenade engine.  This is a good point since most of the cars remain with their key components.
• When new one had to be deemed sufficiently worthy to be allowed to buy one
• To many people the GTO Series 1 is one of the best looking cars of its era (Me, I prefer the Pf designed Series II, but I'm weird anyway)
• Incredible major racing successes around the world and the car to have in its day
• For the Ferrarista it represents the ultimate development of the classic Columbo 3 liter motor.

Now, I am not going to say that a GTO is "worth" what David McN paid for his.  But he certainly thinks so.  The market spoke.  And for those that can afford to play the GTO is the "one" to have.  It certainly helps that there is the GTO exclusive gathering where only current owners can participate in the multi day event. 
We mere mortals only get to see the pictures.

I'm also not going to defend that the GTO carries the multiple it does over a 250 TdF.  To me, the TdF is massively undervalued against the GTO since it is even rarer yet has many, many of the same historical points.

On Tue, Nov 17, 2020 at 4:52 AM Erik Nielsen <judge4re [at] gmail.com> wrote:

Money laundering. Same with the art world. 

On Nov 16, 2020, at 7:05 PM, Brian E. Buxton <BrianBuxton [at] buxtonmotorsports.com> wrote:



Why is a Ferrari GTO, built in the same Era, worth $70M?

-- 
Brian E. Buxton 
(812) 760-5513 mobile  

Reditus Property Holdings LLC


Auto Acquisitions and Consulting  
www.BuxtonMotorsports.com



Brian Buxton Enterprises, Inc.
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Founder & Past President
So. IN Region Porsche Club of America

On 11/15/20 9:49 AM, Clarence Romero Jr. wrote:

Ok so why do these cars built in 1964 bring in this crazy money

I am ready for an explanation on this 

Because it doesn’t make any sense 

So educate me 

Cause I gotta know

https://bringatrailer.com/listing/1964-porsche-356c-34/

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