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

[Gary Reed (gary]

I was at the 2018 RM Monterey Auction when Greg's GTO sold for $48M (w/fees).  
It's still the world record for the most
expensive car ever sold at an auction.

Gary


  ----- Original Message ----- 
  From: Rick Moseley 
  To: Gary Reed 
  Cc: 'The FerrariList' 
  Sent: Tuesday, November 17, 2020 6:10 PM
  Subject: Re: [Ferrari] So someone out there tell me what’s so special about 
these cars.......


  When I was active, racing at the historics, I remember sitting around bench 
racing one evening by a fire pit at the Barnyard (?) and Chris Darling's wife 
came over and stood and listened to us for about 2 minutes.  She then pestered 
Chris for the rental car keys and then made sure everyone was looking... and 
said "Silly boys, a car is merely something to get you to the jewelry store!" 
Threw her head back and walked away.   Greg Whitten had just paid $7M for his 
250 GTO... bargain price looking back.   Bruce McCaw's brother (forget his name 
was talking to Greg and he really was on the hunt for a 250 GTO.  He finally 
got one but paid $35M for his 250GTO...  still a bargain by today's numbers.   
I think it will be a while before Dave McNeil's $70M gets topped.
  I still remember the days when the Bugatti Royales fetched the highest 
money... and there are only 6 of them.



  Here ya go Doug...   









  On Tuesday, November 17, 2020, 2:41:38 PM PST, Douglas Anderson <dnt [at] 
dock.net> wrote: 




  And when they’re not racing – they are out cruising.  Hubby and wife and a 
bunch of other Euro GTO family’s go on a long trip – castle to castle.  Quite a 
thing.  Half way through – half of the wives had had it with the noise, no 
floor boards, oil smell, noise and twisting roads.  They selfishly decide to 
take the family jet to the next stop.  No Denise McCluggage’s there.



  And then there was the time at the Monterey Historics where more than 20 
GTO’s were on the Laguna Seca track at the same time.  It was easy to count the 
money – nothing over 10 mil.



  Doug



  From: Ferrari <ferrari-bounces+dnt=dock.net [at] ferrarilist.com> On Behalf 
Of Jeff Kennedy
  Sent: Tuesday, November 17, 2020 10:36 AM
  To: DOUG <dnt [at] dock.net>
  Cc: The FerrariList <ferrari [at] ferrarilist.com>
  Subject: Re: [Ferrari] So someone out there tell me what’s so special about 
these cars.......



  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.  

    a.. 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.  
    b.. There are just enough of them so there can be a market. 
    c.. Every GTO has a racing provenance
    d.. Many of the GTOs had owners/drivers that were significantly 
accomplished racers
    e.. 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.
    f.. When new one had to be deemed sufficiently worthy to be allowed to buy 
one
    g.. 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)
    h.. Incredible major racing successes around the world and the car to have 
in its day
    i.. 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.Nationwide Enclosed Auto Transportation    Founder & Past 
PresidentSo. IN Region Porsche Club of AmericaOn 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/

             RF4-4EVR



        Scars are Tattoos with better stories !



        If you have no enemies, you have no character !



        Clyde Romero    





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             RF4-4EVR



        Scars are Tattoos with better stories !



        If you have no enemies, you have no character !



        Clyde Romero    





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