Page 58 - Classics Issue

Trying very hard not to blow my own trumpet I seem to have bought on behalf of clients probably eight or nine of these very desirable motors. Twenty-fve percent of all the cars manufactured. I acquired fve for a wonderful man, John Calley the president of Warner Brothers and in more recent times CEO of Sony Corp. He asked me way back in the late sixty’s what I thought would be the best investment in the collectable car feld. My response was the Alfa 2.9, the Bugatti 57s and the Ferrari GTO. The rational being beauty, performance and rarity.One year later, a GTO broke $1 million for the frst time. In 1989 a GTO sale broke $10 million for the frst time.Prices dipped a bit in the early 90s. Some sold for as little as $3 million before prices scorched back in in the early 2000s. Barring some catastrophic economic disaster much worse than 2008 or the great depression, you will probably never see a 250 GTO sell for less than $30-40 million again. It’s more likely that within the next decade, a 250 GTO will sell for $100 million.MOTORSMOGULSFOR