2024 Ferrari 250 GTO

Vehicle Description 2024 Ferrari 250 GTO Available for auction is an art-piece by Greg Stirling featuring the "Ferrari 250 GTO". This 25" x 40" artwork is a hand embellished giclee print on canvas. Made from poly-cotton canvas material and printed with fade-resistant inks, then hand applied acrylic paint, oil-based markers, and UV resistant acrylic varnish is applied ensuring that your art piece print will stay looking great for years to come. Included with this art piece is a certificate of authenticity that includes exact specifications and details of the painting.While the GTO is now arguably the most valuable collector car in the world, it was merely a no-frills used race car in the late 1960s and very early 1970s. Many of the vehicles were offered at or acquired for four-figure (USD) sums. In contrast, restored Duesenberg Model J's often sold for about $50,000 around 1970.When new, the 250 GTO cost $18,000 in the United States, with buyers personally approved by Enzo Ferrari and his dealer for North America, Luigi Chinetti. This model has since become highly desired by automobile collectors and sales have repeatedly set price records. The current record for world\\\\\\\'s most expensive Ferrari was set in June 2018 when a 1963 250 GTO (chassis 4153GT) was sold in a private sale for $70 million.The mechanical aspects of 250 GTO were relatively conservative at the time of its introduction, using engine and chassis components that were proven in earlier competition cars. The chassis of the car was based on that of the 250 GT SWB, with minor differences in frame structure and geometry to reduce weight, stiffen and lower the chassis. The car was built around a hand-welded oval tube frame, incorporating A-arm front suspension, rear live-axle with Watt\\\'s linkage, disc brakes, and Borrani wire wheels. The engine was the race-proven Tipo 168/62 Comp. 3.0 L (2,953 cc) V12 as used in the 250 Testa Rossa Le Mans winner. An all-alloy design utilizing a dry sump and six 38DCN Weber carburetors, it produced approximately 300 PS (296 bhp; 221 kW) at 7500 rpm and 294 Nm; 217 lb-ft (30 kgm) at 5500 rpm of torque. The gearbox was a new 5-speed unit with Porsche-type synchromesh.From the late 1970s to the late 1980s, classic car values rose rapidly and the 250 GTO became the most valuable Ferrari model, touted as the Ferrari that most completely embodies the characteristics of the manufacturer. Prices fell substantially during the car market crash of the early 1990s, resulting in lows of $2,700,000 in September 1994 and $2,500,000 in May 1996. Prices began to climb again in the late 90s and have continued to rise through the present day. 250 GTO's have repeatedly broken records for most expensive car ever sold at auction or private sale. The current record for world\\\'s most expensive Ferrari was set in June 2018 when a 1963 250 GTO (chassis 4153GT) was sold to David MacNeil in a private sale for $70 million. On 25 August 2018, RM Sotheby\\\'s sold Greg Whitten's 250 GTO 3413GT at their Monterey auction. The final price inclusive of buyer\\\'s fee was $48,405,000, representing a new record for most expensive car ever sold at auction. The previous record was also held by a 250 GTO, 3851GT, which was sold at the Bonhams Quail Lodge auction in 2014.A message from the seller: "I have always wanted to pay tribute to the legendary 250 GTO. A 250 GTO recently sold for a record breaking 70 million!! (Although, realistically, I do expect this Art-piece to sell for considerably less than 70 million!). I applied an abstract painterly approach along with full range color and high saturation. This original art piece is canvas that is stretched, gallery wrapped and ready to hang. A portion of the proceeds from this auction will be donated to charity."Testimonials: "Greg, thank you so much for the painting of my car, it looks exactly what I was hoping for. All the paintings I have purchased from you look amazing in our home" Russell Machado - Lodi, CAAvailable for local Pickup in San Jose, California, 95111 or...Fees for packaging, shipping, and handling is $285, ships anywhere in the United States.The buyer is responsible for shipping, handling, and fees.