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Classic Ferrari 250 GTO becomes most expensive car in the world after selling for staggering [pounds sterling]52 million; The Holy Grail model won the Tour de France in 1964 and is one of only 36 ever built by the Italian car company.

Byline: Tom Davidson

A classicFerrarihas become the most expensive car in the world after it changed hands for arecord [pounds sterling]52 million($70 million dollars).

The 1963 Ferrari 250 GTO - the Holy Grail model - won the Tour de France Automobile in 1964, which is one of the world's most famous and historic motor races.

It is a 174mph road-legal racing car and one of only 36 built between 1962 and 1964.

For years the Ferrari has been based in Germany but shown and driven at events around the world.

The Ferrari, known as 4153 GT, has now been sold for $70 million - a record-breaking figure for a car.

Ferrari racer becomes most expensive car in history when it sells for [pounds sterling]25million

Leading Ferrari historian Marcel Massini, who described the car as one of the top three or four GTOs in the world, confirmed it had been bought by an American businessman.

Mr Massini added he was confident a GTO would be sold for $100 million within five years.

During the 1990s, the GTO was restored by Hertfordshire-based DK Engineering. The bluechip car specialist wasn't involved in the [pounds sterling]52 million deal.

But James Cottingham, vehicle acquisition specialist at DK Engineering, said: "This is without doubt one of the best 250 GTOs in existence in terms of history and originality.

"Its period competition is very good. It won the Tour de France which is big tick and was fourth overall at Le Mans which was a mega result.

"It was raced by Ecurie Francorchamps, who are one of the most iconic and famous independent Ferrari teams, it has never had a big accident and it is highly original."

The Ferrari 250 GTO is the most sought after classic car because of its perfect blend of looks, rarity and performance on both the track and public road.

This model has competed in a string of racing disciplines, including hill climbs, track races and long-distance road rallies.

At the 1964 Tour de France, Ecurie Francorchamps teammates Lucien Bianchi andGeorges Bergercomfortably drove 4153 GT to victory ahead of the Ferrari team.

It was its all-round drivability, combined with looks and and rarity that has made the 250 GTO the Holy Grail of cars.

Ferrari fitted the 250 GTO with a 3-litre V12 engine which developed more than 300bhp - giving it a 0-60mph time of 6.1 seconds and a top speed of more than 174mph.

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Credit: DK Engineering / SWNS.com

The classic Ferrari has changed hands privately for a world record [pounds sterling]52 MILLION.

Credit: Universal Images Group Editorial

The Tour de France Automobile was once one of the most prestigious races in motorsport

Credit: Reuters

The 1957 Ferrari 335 Sport Scaglietti model was once the most expensive car in the world when it sold for [pounds sterling]25m in 2016

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Title Annotation:News,World news
Publication:Daily Mirror (London, England)
Date:Jun 1, 2018
Words:474
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