The Most Expensive Car in the World
by Ken Visser
It is simply astounding, just how much some cars have increased in value. There seems that there is no shortage of gazilliares that are willing to bet big on a finite amount of specialized cars. And why not? They perform better then the stock market, as long as you pick the right ones.
One name dominates the auction market, (both financially and speed wise) Ferrari. Certain vintage Ferraris have been increasing 15% in value yearly, for the past 30 years. Let's see any stock that can match that!
The GTO is the king of this particular hill. They were built in very small numbers, 36 to be exact. I leave it to others to debate whether the 330 LM's should also be counted as GTO's.
The GTO's are the last in the line of cars that you could drive to LeMans, win, then drive home (Maybe second to last, you could include the 275 in this rare club as well. Nuts, third to last, include the Daytona Competizion. You get the point.). It might not have been ultra comfortable, but… what a car!
And now a Ferrari 250 GTO has been reported to have sold for an astounding 52 million dollars!
Originally designed as the natural evolution of the 250 SWB (Short Wheel Base) the GTO kept the same dimensions with a surprising adherence to tradition. Using a live rear axle was a typical Ferrari pragmatic engineering, it works, it's reliable, let's use it. Let the other guys prove that independant suspension is the way to go.
And history proved this decision right, Ferrari took the International Championship for GT Manufacturers in 62, 63 and 64!