TodayApril 17, 2022

History of 1962 Ferrari 250 GTO by owner

Ferrari 250 GTO Owner

Tom Price, owner-racer, describes his 1962 250 GTO at Ferrari Maserati of Silicon Valley, Redwood City, CA. There is nothing as sweet as listening to a proud owner talk about their car. Listen to Mr. Price graciously talks about his car and at the end, the sound of the engine as the Ferrari group readies the Creme de la Creme for the party.

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Ferrari History

250 GTO (1960s)

The Ferrari 250 GTO built in the early 1960s is widely considered to be the quintessential Ferrari model, and one of the most famous sports cars of all time. The integral part of its name denotes the displacement in cubic centimeters of each cylinder of the engine, while GTO stands for “Gran Turismo Omologata,” Italian for “Grand Touring Homologated.”

The 250 GTO was designed to compete in GT racing and was an orthodox evolution of the 250 GT SWB. Chief engineer Giotto Bizzarrini took the chassis from the 250 GT SWB and mated it with the 3.0 L V12 engine from the 250 Testa Rossa. The widely-admired body developed from work done by Bizzarini and Sergio Scaglietti, but unlike most Ferraris, not designed by a particular individual or design house.

The car debuted at the 12 Hours of Sebring in 1962, driven by the team of American Phil Hill (the standing World Driving Champion) and Belgian Olivier Gendebien. At the time of its introduction, it was (depending on the choice of gears and final drive ratio) most likely the straight-line fastest car on any race track with no bad habits or nasty tricks in its full performance envelope. In the best Ferrari tradition, it made average drivers look excellent and gave great drivers an unsurpassable advantage. Years of development for its significant components, and traditional Ferrari robustness, also guaranteed that the car would last until the end of the race. In the end, the GTO won the World Manufacturer’s Championship three years in a row: 1962, 1963, and 1964.

Ferrari 250 GTO price

The 250 GTO arrived in the early 1960’s as perhaps the last car that could compete on such a level and still act as something of a standard road car; more visibly, it was one of the last front-engined cars to be truly competitive at such a level. Today it’s iconic status is assured and with only 39 produced it remains one of the most desirable collector cars in the world. Its auction valuation probably would stand at the $15-20 million dollar mark.

Lou Ann Hammond

Lou Ann Hammond is the CEO of Carlist and Driving the Nation. She is the co-host of Real Wheels Washington Post carchat every Friday morning and is the Automotive, energy correspondent for The John Batchelor Show and a Contributor to Automotive Electronics magazine headquartered in Korea. Hammond is a founding member of the Women's World Car of the Year #WWCOTY, and board member of the Women in Automotive.

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