Rare at RM Sotheby’sFerrariappears
The recently closed RM Sotheby’s MontereyauctionThe results were shocking. A much-loved premium Ferrari model has sold for a whopping sum.
Ferrari’s premium model starts from 288GTOF40、F50、Enzo Ferrari、La FerrariIt consists of limited production models that bring together the best of technology.
Each of them has a strong appearance, and there were many applicants who might not purchase it at the new car stage. Even if time passes, it does not fade, and it is an existence of eternal admiration.
These ultimate Ferrari premium models, the 288 GTO and the F40, were exhibited together at the RM Sotheby’s Monterey auction. Here are the results for the 288GTO.
The GTO is the progenitor of Ferrari’s premium models.
The official name is simply GTO, but in order to distinguish it from the 250GTO, it has been called 288GTO among enthusiasts and has become popular.
It was planned to produce 200 units + α of the obligatory production volume in order to obtain approval for Group B regulations. However, as soon as it was announced, orders flooded in from all over the world, and in the end, 272 units were sent out.
288GTO What is the number of listings/price movements in recent years?
Since not all applicants were able to purchase the new car, it has always been traded at a premium. For some time into the 21st century, though, it was sold for around $500,000.
The big price increase was the outbreak of the collector’s car bubble from 2014. Speculators enter the market as a new market due to the global surplus of money, and the successful bid amount of the auction soars.
The 288GTO peaked at $2.75 million in Arizona in 2015 and then declined, but it will rise once more to $3.36 million in Arizona in 2019 and €3.464 million in Paris in 2022.
By the way, the number of units exhibited at major auctions in recent years is 1 in 2022, 0 in 2021, 1 in 2020, and 0 in 2019, making it the most difficult premium model to obtain.
In this trend, the 288GTO that appeared at the Monterey auction in August was equipped with an air conditioner, power windows, and black leather seats.
It was sold at an authorized dealer in California, USA in 1985, and since then has passed through six owners, and entered the Pinnacle Portfolio Collection in 2011.