Cars

Ferrari 250 GTO Sets Record For Most Expansive Car

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There will be a time in the future where a special car will create a record for having $1billion valuation and we believe Ferrari will be the brand making that achievement.

This is especially after learning about the 1963 Ferrari 250 GTO that has set a new pricing record in the automotive industry with a valuation of $70 million. Yes, you are not mistaken. The 55-year-old car managed to achieve that valuation thanks to its exclusivity and extremely rare numbers.

On a brief note, only 36 units of the 1963 Ferrari 250 GTO rolled off the assembly line and it landed in the garage of the extreme wealthy, as well as driving icons. The names include WeatherTech founder David McNeil and Lawrence Stroll, the father of F1’s Lance Stroll.

Within a decade from now car pricing valuation will likely create a record beyond the $100 million mark and it won’t be long before the billion-dollar-tag happens.