Ferrari expert says the $63 million 250 GTO is actually a replica

Article by Andrew Christian, on August 1, 2014

A 47.6 million euros ($63.7 million USD) 1962 Ferrari 250 GTO is currently for sale on the well-known German website mobile.de. The bad news is that Ferrari expert Marcel Massini says that he tracked provenance for all 39 units of the 250 GTOs that were ever produced and the model we are talking about is not among them.

Marcel Massini told CNBC that the model currently on sale is not original and he is 100 percent sure. If true, this is a real hit on the market and the collectible-car niche might see some side effects. He also added that he knows where all the vehicles are and the one found for sale is not among them.

For those who don’t know, a 1963 Ferrari 250 GTO was sold last year for an impressive $52 million. What makes this model so special? Well, as we said, Ferrari only built 39 units of this model, which was produced from 1962 to 1964 for homologation into FIA’s Group 3 Grand Touring Car.

When it was launched the Ferrari 250 GTO was selling for $18,000 in the United States but those who wanted one had to get the personal approval from Enzo Ferrari and his dealer for North America, Luigi Chinetti.

Ferrari made 36 cars between 1962 and 1963, while in 1964 the 250 GTO Series II was introduced, wearing a new design. Only three models from the Series II were ever made and four older Series I models received a Series II body.

The Ferrari 250 GTO uses a 3.0-liter V12 that generated 300 hp, bolted to a 5-speed manual transmission. However, the curb weight was just 880 kg (1,940 lb) which makes the vehicle the ‘Greatest Ferrari of all Time’.

Topics: ferrari, classic car

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