The 1962 Ferrari 250 GTO is the most coveted car in the world!
For those who want to know why…read on!
The Ferrari 250 GTO is a grand tourer produced by Ferrari from 1962 to 1964 for homologation into the FIA’s Group 3 Grand Touring Car category. It was powered by Ferrari’s Tipo 168/62 Colombo V12 engine.
The “250” in its name denotes the displacement in cubic centimeters of each of its cylinders; “GTO” stands for Gran Turismo Omologato, Italian for “Grand Touring Homologated”.[4][5][6]
Just 36 of the 250 GTOs were manufactured between 1962 and 1964. This includes 33 cars with 1962-63 bodywork (Series I) and three with 1964 (Series II) bodywork similar to the Ferrari 250 LM. Four of the older 1962-1963 (Series I) cars were updated in 1964 with Series II bodies.
When new, the 250 GTO cost $18,000 in the United States, with buyers personally approved by Enzo Ferrari[7][8] and his dealer for North America, Luigi Chinetti.[citation needed] This model has since become highly desired by automobile collectors and sales have repeatedly set price records.[9][10][11][12] The current record for world’s most expensive Ferrari was set in June 2018 when a 1963 250 GTO (chassis 4153GT) was sold in a private sale for $70 million.[13]
In 2004, Sports Car International placed the 250 GTO eighth on a list of Top Sports Cars of the 1960s, and nominated it the top sports car of all time. Similarly, Motor Trend Classic placed the 250 GTO first on a list of the “Greatest Ferraris of All Time”.[14] Popular Mechanics named it the “Hottest Car of All Time”.
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