A German man has put up his 1962 Ferrari 250 GT for sale on the website Mobile. He's looking to reap in 47.6 million euros for it, or about $62.7 million. If sold, the car will set a new record for being the most expensive car ever. The record is currently held by a 1963 Ferrari 250 GTO, which was sold for $52 million last year.
The price for the 1962 Ferrari 250 GTO includes Germany's 19% Value Added Tax, but would still be the most expensive car ever if sold. Only 39 specimens of the car were produced, and each vehicle is unique as they were all hand-built.
The Ferrari 250 GTO has a long history of being the most expensive car. The last three holders of the 'most expensive car in the world' title have all been Ferrari 250 GTOs, and this trend looks set to continue.
Frightfully Expensive Cars
This 1962 Ferrari 250 GTO Could Become the Most Expensive Car Ever
Trend Themes
1. Rising Prices of Classic Cars - The increasing prices of classic cars, such as the 1962 Ferrari 250 GTO, present an opportunity for collectors and investors to capitalize on the growing market.
2. Limited Edition Hand-built Vehicles - The demand for limited edition hand-built vehicles, like the Ferrari 250 GTO, creates a potential disruptive innovation opportunity for automakers to explore bespoke manufacturing processes.
3. Continued Dominance of Ferrari in Luxury Car Market - The Ferrari 250 GTO's reign as the most expensive car highlights the brand's continued success and presents a chance for competitors to challenge and disrupt the luxury car market.
Industry Implications
1. Classic Car Collecting - The escalating value of classic cars, exemplified by the 1962 Ferrari 250 GTO, offers potential growth opportunities in the classic car collecting industry.
2. Automotive Manufacturing - The demand for hand-built vehicles like the Ferrari 250 GTO signals a potential disruption opportunity for the automotive manufacturing industry to explore bespoke production methods.
3. Luxury Car Brands - The dominance of Ferrari in the luxury car market, as seen with the 250 GTO, presents an opening for other luxury car brands to innovatively challenge and disrupt the industry.