The 45 Million Dollar Car

Yep, you read that right.  This is a 1962 Ferrari 250 GTO, and it's value is 45 MILLION DOLLARS.

I'm not that interested in cars myself.  But when my son came home from a car show last weekend with this picture, I was intrigued.  What in the world makes a car worth 45 million dollars?  And why would you park it outside and let a bunch of strangers get close to it?

Let me set the stage.  My nineteen year old is a car fanatic, with a love for Ferrari in particular. He is on a unique path to work for them someday - a story I will share here on the blog very soon.  C and his friend heard about a Ferrari show taking place last Saturday, and rumors were swirling that the owner of this car was going to attend.

He obviously showed up with his Ferrari, and there it is.  Parked in the street with hundreds of people taking pictures.  I asked my son what makes this car so special.  I mean, it's cute and all, but really?

Apparently, vintage Ferrari's from the 50's and 60's are among the most coveted cars in the classic car marketplace.  There were only 39 of this model made, and it was designed as a road car built to race.  Every one of them competed at some point.  In 2013, a Ferrari just like this one sold for 52 million dollars.

I still don't get it.  I can think of 45 million other things to do with that kind of money, but it sure made my son's weekend.