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Rare Ferrari tipped to break price record

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Rare Ferrari tipped to break price record


It is considered to be one of the most beautiful cars ever built by Ferrari. One particular vehicle could also become the most expensive. The 250 GTO is being tipped to fetch a record breaking price of up to 14 million euros when it goes up for auction.

The new owner will also have one of the world“s rarest cars – only 36 were made when the model was produced back in 1963.

A successful racing car, it won several world championships for Ferrari.

Max Girado, European managing director for RM Autos, said:
“These cars are appreciating assets. If we follow the prices of this particular car over the course of the years, it“s doubled, tripled, quadrupled – it“s risen exponentially.”

To say that the 250 GTO model is worth its weight in gold is an understatement. Since the 1960s the Ferrari“s value has increased many times more than that of the precious metal.

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