250 GTO to be auctioned with no reserve...

[MogulBoy]

Bonhams' 15 Aug 2014 Quail Lodge sale in Carmel, CA

http://www.sportscarmarket.com/news/news/6105-excl...

[belleair302]

With guaranteed sealed bids of over $30 million why worry?

[Robert W]

I think (?) $27m is the auction record for a Ferrari, but a 250GTO has sold for something like $52m.

If a cash offer isn't made that the seller can't refuse in advance, this could be a whopper!!

If you'd won 100 million on the lottery, you just would buy it just because you CAN..

[lamboman100]

Robert W said:

I think (?) $27m is the auction record for a Ferrari, but a 250GTO has sold for something like $52m.

If a cash offer isn't made that the seller can't refuse in advance, this could be a whopper!!

If you'd won 100 million on the lottery, you just would buy it just because you CAN..

That's the key. When one has the house, yacht, plane, etc., there is very little left to do. So, you buy multi-million-dollar cars out of boredom / willy-waving / youthful nostalgia / tax efficiency.

Drove (very briefly) a ~£10m Fezza a few weeks ago. It was built like an old kit car and felt in no way special. Good investment, though.

[Pork]

Owned by one family for 49 years. Great pension, that.

[4rephill]

lamboman100 said:

.....Drove (very briefly) a ~£10m Fezza a few weeks ago. It was built like an old kit car and felt in no way special. Good investment, though.

[Ferruccio]

lamboman100 said:

Drove (very briefly) a ~£10m Fezza a few weeks ago. It was built like an old kit car and felt in no way special. Good investment, though.

Couldn't agree with this more. Someone let me drive their Miura once. The steering was like on a van. So much has changed with cars 60s to 70s to 80s to 90s to 00s to now.

[Robert W]

...but then the cars that are worth the money are not the cars that are best to drive. eg a 550 Maranello vs a 250 Lusso.

[TurboTerrific9]

lamboman100 said:

That's the key. When one has the house, yacht, plane, etc., there is very little left to do. So, you buy multi-million-dollar cars out of boredom / willy-waving / youthful nostalgia / tax efficiency.

Drove (very briefly) a ~£10m Fezza a few weeks ago. It was built like an old kit car and felt in no way special. Good investment, though.

Whilst true that some classic cars are absolutely shocking to drive - DB5's for me being totally dire despite looking gorgeous - there are some that are equally brilliant.

[johnnyreggae]

But would you swop your new F1 for this GTO ?

[Prestige Detail]

Ferruccio said:

lamboman100 said:

Drove (very briefly) a ~£10m Fezza a few weeks ago. It was built like an old kit car and felt in no way special. Good investment, though.

Couldn't agree with this more. Someone let me drive their Miura once. The steering was like on a van. So much has changed with cars 60s to 70s to 80s to 90s to 00s to now.

I have been very fortunate over the years to have worked on, driven and been passenger in many of these amazing bluechip cars. A recent one being The bread van, while the leg room was tight, my head was pretty much on the roof and the fumes coming into the cabin are not for everyone. It's these very flaws that make them so special. The speed, sound, smell and pure rawness is what makes the hairs on the back of my neck stand on end. It was also driven by someone who can drive these cars as they should be driven.

Most drivers could get into a modern super car and drive it at 8/10th's, it's the classic's that take the real driving.

[TurboTerrific9]

johnnyreggae said:

But would you swop your new F1 for this GTO ?

That is a really interesting question.

Ultimately yes as the you could probably buy 5 F1's for the price of one GTO so you'd be off your head not to.

That said if values weren't the issue here (they always come into it at some point) I think I'd prefer to keep the F1. I actually prefer the looks of the SWB to the GTO - but a GTO is so iconic, nothing will ever match that.