The #Ferrari boom continues…whoooshh

Photo of 1962 Ferrari 250 GTO from Wikimedia Commons contributed by edwc from London, UK

Photo of 1962 Ferrari 250 GTO from Wikimedia Commons contributed by edwc from London, UK

A friend of mine who knows I am a big Ferrari fan sent me the link to this article in IlSole24Ore about the continuing boom in Ferrari sales, reaching stratospheric ranges. Does that mean I have good taste in cars?

Here is my English translation of the article:

The vintage Ferrari boom continues with ever-increasing prices, reaching a stratospheric range. The latest example? A 1954 2012/250 coupe was auctioned in Knokke-Le- Zoute, Belgium for 816,500 Euro. An anonymous buyer will buy it and sell it to another anonymous buyer (in this case we only know that he is a resident of Switzerland). In the same auction a 1957 Maserati A6G/54GT coupe with the original light brown leather interior was sold for the modest sum of 506,000 Euro.

But the record is the one from a just a few days ago: On October 3rd a red 250 GTO series (the car that was created in 1962 for the 24 Hours of Le Mans and fewer than 40 units produced) was sold for the astronomical sum of $52 million dollars, a price that is 49% higher compared to the previous record sale price for a vintage car, which was also for a 250 GTO. By now, industry experts admit that the Ferraris have become like Picassos or Warhols.

Ci sentiamo presto, Lina

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