Ferrari 250 GTO auctions for £20.2m

Ferrari 250 GTO sells for £20.2million
Ferrari 250 GTO sells for £20.2million

A classic Ferrari 250 GTO has gone under the hammer to sell for a reported £20.2 million ($32.1 million) which makes it one of the most expensive cars ever sold.

It is one of just 39 examples that was built by the Italian brand, it was produced between 1962 and 1964 and had an original sticker price of around £6000. There are no details on who made the purchase, but reports state the seller is British businessman Jon Hunt who bought the model in 2008 for a sum of £15,700.000 in 2008.

This means he made a profit of £4.5million in just three years - not a bad investment.

The model sold at auction carries the chassis number 5095 and is equipped with a 3.0-litre V12 engine that produces 300hp ( 224 kW / 304 PS ). It can accelerate from 0-60mph in 6.1 seconds and has a top speed of 174mph.

The record sum ever paid for a car is believed to be the 1936 Bugatti 57SC which sold for between $30 million and $40 million in 2010.

Please note: currency conversions only correct at time of writing

Source: Topgear
Published Feb 8th, 2012 12:14pm By Clinton Deacon

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Comments (7)

4everRS 4everRS
Investment huh? I guess you're correct. Not a BAD investment. However, the S&P500 was at 825 3 years ago. Now it's about 1340. Thats 62.9% total return. 20.96% annualized. This 250 has returned the owner 28.6% total, or 9.55% annualized. Point is, if he would have bought the s&p500 instead, he'd have 5M more GBP.
Feb 8th, 2012 6:33pm
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4everRS 4everRS
Oh! and the best part(sarcasm) is that people don't realize it has even happened. Sucks for them. That why the smart ones MAKE money in the markets. Others can go ahead and listen to the asshats on CNBC and turn their brain into mush.
Feb 8th, 2012 7:56pm
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dbehmoaras dbehmoaras
If ifs and buts were candy and nuts, every day would be Christmas. Clearly whoever bought this has a lot more invested in the markets than you could possibly imagine, that's why he can afford such a car. I'm sure he doesn't need investing advice from you.
Feb 8th, 2012 9:46pm
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4everRS 4everRS
You're right. He probably needs investment advice about as much as the rest of us need numbskull analogies about candy and nuts. Thanks for clearing that up.
Feb 8th, 2012 10:22pm
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dbehmoaras dbehmoaras
Down troll, down.
Feb 8th, 2012 10:30pm
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vilivo vilivo
I would love 2 of these. The 1 I will keep. The other, I wanna go and smash in an outrageous way, somewhere very public. Why- because I would be able to, that is all. And dont even tell me it would be silly, it really wouldnt matter in such a situation. It would be kinda like Trolling the motoring world, I suppose.
Feb 8th, 2012 3:34pm
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nahidrahman nahidrahman
awesome form of investment if you dont like driving. complete sacrilege if you do enjoy driving. but if you invest £20m on something like this - the less it is exposed to the elements let alone a spin on the country roads, only then you're going to get a profit if you sell it on 3 years later.
Feb 8th, 2012 3:12pm
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