Ferrari 250 GTO Achieves New Auction Record

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Premium cars have a special quality their value rarely depreciates and most of them as they get older their value tends to increase. Rare and unique vintage cars can cost a lot of money to buy in todays time. The models that were build in limited numbers are more valuable due to its rare availability.

Now the Italian manufactured Ferrari 250 GTO has achieved a new auction record. It has been reported that the vehicle in a recent auction was purchased for INR 2,321,012,925. The supercar was built in 1962 to 1963 and was a revolution when it was launched.

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Ferrari only produced 39 250 GTOs during a period of three years. The GTO stands for 'Gran Turismo Omologato' and had to be approved by Enzo Ferrari himself. No 250 GTO was ever delivered without the consent of the Italian founder himself.

The Ferrari 250 GTO that achieved the record auction was chassis number 3851GT. The record was previously set by a 1958 Ferrari 250 GT Series 1 Cabriolet. It was auctioned for INR 415,303,900 and was thought would take a while to be beaten.

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Ferrari 250 GTO sports a 3.0-litre V12 engine built by Chief Engineer Giotto Bizzarrini. The engine generated 300 horsepower and was mated to a 5-speed manual gearbox. The Italian supercar was designed by Giotto Bizzarrini and Sergio Scaglietti.

The record setting Ferrari 250 GTO was the 19th ever made, the build was completed on 11th September, 1962. It was auctioned off by Fabrizio Violati and was amongst his Collezione Maranello Rosso. It stepped out of the Italian facility in a metallic pale grey with lengthwise red, white and blue stripes and was then owned by a French privateer Jo Schlesser.


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Story first published: Saturday, August 16, 2014, 11:57 [IST]
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