$30m Ferrari?

[btm]

http://www.sportscardigest.com/archives/1577

http://i294.photobucket.com/albums/mm93/btm_photo/090408-1533-the30millio1.jpg

Widespread during Monterey Week was the rumor that a Ferrari 250 GTO privately traded hands for a whopping $30,000,000. And yes, that is not a typo.

Sports Car Digest has yet to definitively confirm the rumor, but the sale is very believable as Ferrari prices have been on a tear, particularly for the very finest models. The best confirmation of the sale we have found is the typical, “I know a guy who knows a guy that knows the buyer.”

Therefore, if you know the buyer, you are the buyer or you hold insider information of this milestone deal, please contact Sports Car Digest at [email protected] or post a response below, so we can put this trade on the books.

While $30,000,000 may be a mind-blowing amount of money to pay for a car, the buyer is also buying a true work of art and one of only 36 Ferrari 250 GTOs, the most famous of all Ferraris. Compared to the price paid for a Jackson Pollock, a Picasso or a Monet, this rumored sale has to be considered a sensible purchase.

[PaulyJ]

WOW
I love the 250GTO, but for 30mil... ?

[btm]

just think of how many GT-R's you could buy :p

[lithium]

i was just going to say, i would rather 200 GT-Rs
or 2,000 Barina SRis :dance:

never understood why you would buy a car just to collect it to be honest
you can bet that ancient $30 mil ferrari will get driven from the auction into its new owners garage and then never see the road again

$30mil for a Picasso, sure. but a car is made to be driven, or you aren't bloody using it like it's supposed to be used!

[Snotty]

I'd still rather an sri turbo corsa/c

[Brucey]

Does not suprise me that one some one has that kind of money and two spends that kind of money on a car.

There is a Rolls Royce that is insured for over 40million. Just check out the prices some of the cars go for at Pebbles Beach and events like that.

[poita]

thats like 7500 calibras!
or 2 calibras and running costs!

[btm]

thats like 7500 calibras!
or 2 calibras and running costs!

bwaahahaha :D

[Wraith]

I too am not really surprised by that at all !!!

I mean if one of our locally produced early '70's muscle cars can fetch nearly $1,000,000 these days (GT Falcon HO) and that value is always climbing, then a rare Ferrari would be worth that much by comparison, since it always cost at least 10-20 times as much to begin with...

These category of cars are becomming a very good investment for people who can afford to purchase them in the 1st place...

It's much the same story for the new HSV W427 - 1st batch of 90 cars are already pre-sold and it is said ALL have been purchased by collectors hoping for a solid return on investment in years to come !!!

If I had $30m to blow on cars would I buy it ??? no...

With $30m to spend on cars, I'd rather have a whole collection, like J Leno, or John Laws, I could never be happy with just one vehicle, no matter how good or exotic and $30m would buy me dozens of very nice exotics :) oh and a GT-R for daily commutes :D