On Its 50th Anniversary, the Ferrari GTO Is Feted at Concours d’Elegance

Fifty years ago, Ferrari introduced what was to become one of the world’s most valuable collectible cars, the Ferrari 250 GTO. The 3-liter V-12 engine suffered only two losses in its three-year racing career and celebrated a win in its class for every championship race it entered in 1962 and 1963. Yet, it is believed only 36 examples of the Sergio Scaglietti–designed aluminum coupes were produced from 1962 to 1964. Coveted among car enthusiasts for its rarity and racing heritage, the Ferrari 250 GTO was voted one of the top 10 most elegant sports cars by Robb Report in September of last year. (/Paid-Issue/Best-of-Showstoppers).

Now, 12 GTOs, including several from Series I and Series II and a 330 LM Berlinetta, will be on display at this year’s 17th annual Amelia Island Concours d’Elegance taking place March 9 to 11. Although a GTO sold for about $18,000 in the ’60s, the dozen GTOs together are currently worth about $360 million, though none will be available for auction. Among the coupes is the 1962 330 GTO with a 4-liter V-12 engine, owned by Cincinnati-based automobile collector Jim Jaeger. The upgraded version of the traditional 250 GTO is one of three that were built and features a Scaglietti-designed chassis almost identical to the originals, with the exception of a slightly higher and more curved hood. (904.636.0027, www.ameliaconcours.org)

Photo by Jim Fets
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