You Know Vintage Car Prices Have Bottomed Out When A 1963 Ferrari 250 GTO Is On Sale For ONLY $20 Million

You Know Vintage Car Prices Have Bottomed Out When A 1963 Ferrari 250 GTO Is On Sale For ONLY $20 Million
The Detroit News reports:

London -- A Ferrari 250 GTO being offered for $20 million is set to boost private classic-car sales that have already made $100 million in 2010, dealers said.

The 170 mph 1963 Ferrari is billed as the world's ultimate sports car by Canadian-based specialists RM Auctions, which is selling it on behalf of a Japanese collector.

Classic cars often fetch higher prices through discreet transactions than they do at auction. Private sales for high-value classic vehicles topped $117 million worldwide within the last two months, said the Geneva-based adviser Simon Kidston.

"People now realize that prices have bottomed out," Kidston said in an interview. "The market is buoyant for truly exceptional motor cars. Elsewhere it remains selective."








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LexusLexus - 3/13/2010 11:46:52 PM
0 Boost
Yeah right. Ha..ha..ha.. Thank you for the good laugh.
Here are the lists:

1. Lambo Gallardo LP-560
2. Aston Martin DBS
3. Lexus LF-A
4. Aston Martin V8 Vantage
5. Ferrari F430
6. Bentley Continental GT
7. Audi R8 V10
8. BMW M3 coupe
9. Audi RS5 coupe
10. Lexus IS-F

With $20 million dollars to blow away, I can get the following cars and still have money to take my family on a shopping sprees.



Joe_LimonJoe_Limon - 3/14/2010 1:23:50 AM
+2 Boost
Even if you had $20 million burning in your pocket you couldn't buy all those cars. There is no way you're popular enough to get the lfa. Also, I do believe you miss the point, this is a collector car, not a track car or an every day driver. Go get yourself a Brittany Spears poster while the rest of us enjoy the pictures of this fine work of art.


LexusLexus - 3/14/2010 1:50:25 AM
-1 Boost
First,

I want to thank you for stop posting your own picture as your profile picture ; -)

And just because it classic does not mean it cost that much. Whom ever is paying $20 million dollars definitely more money than brain.

So I guess all the car on my list is Not a fine work of art? Yeah right, go get your eyes buddy. And thank you for using that car as your profile picture instead of your personal picture ; - )




Joe_LimonJoe_Limon - 3/14/2010 3:52:37 AM
+1 Boost
The worlds most expensive paintings sell for over $100 million dollars. Most of them are abstract pieces most people would throw in the garbage. Yes, this classic car is classified as fine art, and this is a car most people wouldn't throw in the garbage.


LexusLexus - 3/14/2010 1:52:22 AM
-5 Boost
correction,

go get your eyes check buddy. All the cars on my list is destine to become a collector cars in the future.


MSP6MSP6 - 3/14/2010 5:27:39 PM
+2 Boost
ROFLMAO


I95SPEEDINGTICKETSI95SPEEDINGTICKETS - 3/15/2010 7:59:27 PM
0 Boost
IS-F

A Collectors Car ??

Even in Japan it would not be considered a collectors item.


ShredmoShredmo - 3/15/2010 9:31:47 AM
+1 Boost
Correct me if I am wrong, but the Ferrari pictured is not a GTO, rather it is a "LM".


ShredmoShredmo - 3/15/2010 5:09:31 PM
0 Boost
Nevermind, it is the series II. Not sure who would choose that over the series 1, if you are talking that kind of $.
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