Ferrari 250 GTO sells for world record £52 million – Here’s why it is worth so much

A 1963 Ferrari 250 GTO dubbed the ‘HolyGrail’ model has sold for a world record £52 million.

1963 Ferrari 250 GTO

The car won the Tour de Francine 1964, which is one of the most famous and historic motor races in the world.

It is an incredibly rare car being one of just 36 manufacturer between 1962 and 1964.

The car has been driven and on display at events across the world but has been based in Germany for the past few years.

The Ferrari, known as 4153 GT, has now been sold for $70 million (£52 million) – a record-breaking figure for a car.

Leading Ferrari historian Marcel Massini, who described the car as one of the top three or four GTOs in the world, confirmed it had been bought by an American businessman.

Mr Massani also claimed that a GTO would be sold for $100 million within the next five years.

During the 1990s, the GTO was restored by Hertfordshire-based DK Engineering.

The bluechip car specialist wasn’t involved in the £52 million deal.

But James Cottingham, vehicle acquisition specialist at DK Engineering, said: “This is without doubt one of the best 250 GTOs in existence in terms of history and originality.

“Its period competition is very good. It won the Tour de France which is big tick and was fourth overall at Le Mans which was a mega result.

“It was raced by Ecurie Francorchamps, who are one of the most iconic and famous independent Ferrari teams, it has never had a big accident and it is highly original.”

The 250 GTO – sometimes described as the Picasso of the car world – is a sought after classic car.

It has competed in a number of racing disciplines, including hill climbs, track races and long-distance road rallies.

At the 1964 Tour de France, Ecurie Francorchamps teammates Lucien Bianchi and Georges Berger comfortably drove 4153 GT to victory ahead of the Ferrari team.

It was its all-round drivability, combined with looks and and rarity that has made the 250 GTO the Holy Grail of cars.

Powering the 250 GTO is a 3-litre V12 engine which developed more than 300bhp – giving it a 0-60mph time of 6.1 seconds and a top speed of more than 174mph.

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