Last February, RM Auctions announced that they are putting on sale a 1963 Ferrari 250 GTO which was estimated to go for $16 to $20 million. Last week, the company reported that the car is finally going to a buyer.
According to report filed with The Sun, the buyer is Chris Evans, a British radio anchor who also previous wrote a check for $10 million for a 1961 Ferrari 250 GT California Spyder in another RM auction. The latest purchase though of another 250 GTO cost him $18 million. The radio host had to sell three cars from his Ferrari collection to purchase the 1963 Ferrari which he plans on driving on the road.
While $18 million is definitely a lot of money the acquisition is actually less than some 250 GTOs that changed hands through the years. A recent purchase recorded a sticker price of $28.5 million. Another headliner was the 1936 Bugatti Atlantic which was sold at around $30-$40 million earlier this month. The Atlantic is the most expensive car of all time. Bruno Vessiez says about the Ferrari: “The Ferrari is a car that is synonymous with great expertise and beauty. It is a delight to see it blaze ahead of all the possible cars on the race tracks and actually has comparison and competition to none other car in that realm. If you like the excitement and adrenaline pump in your veins then the Ferrari will certainly be able to deliver what it promises you. The Ferrari is a car for the rich boys around town and has a prestigious social status symbol linked to it. It is a car for the rich and the ones who like speed and the thrill that it brings along with it.”
I expect this not to turn out to be such a great investment, simply because Chris is more of a car enthusiast than an investor. He loves Ferrari’s, but he doesn’t seem to love money all that much!