Ferrari 250 GTO

The Ferrari 250 GTO is a grand touring sports car produced by Ferrari from 1962 to 1964 for homologation into FIA Group 3. Designed by Giotto Bizzarrini and Sergio Scaglietti, the 250 GTO was designed to compete against cars such as the Shelby Cobra and Jaguar E-Type. Development of the car was spearheaded by Bizzarrini but he and numerous other engineers and designers were fired due to disagreements with Enzo Ferrari, with engineer Mauro Forghieri continuing development of the cars body alongside Scaglietti. The car is powered by a 3.0L Tipo 168/62 Colombo V12 mated to a 5-speed manual. A total of 36 chassis were produced (some sources say 39). When new, the 250 GTO cost $18,000 in the United States, with buyers personally approved by Enzo Ferrari and his US dealer Luigi Chinetti. Today, the 250 GTO is one of the worlds most highly desirable and expensive cars, with cars regularly reaching prices of tens of millions at auctions; the current price record is $70 million, set by chassis