This Guy’s Grandad Once Had A Ferrari 250 GTO But Sold It For… $70k!

The Ferrari 250 GTO is the most valuable production car on earth and, recently, one traded hands privately for a remarkable $70 million.

However, the 250 GTO wasn’t always so expensive – quite the contrary…

In a video published by Vin Wiki, a man by the name of John Temerian details how his grandfather once owned a 250 GTO, chassis 3467GT to be precise. The story is very interesting and reveals that if his grandfather could have predicted the future, he may have held on to the Ferrari and made tens of millions of dollars.

Also Read: Copycats No More – Italian Court Recognizes Ferrari 250 GTO As A ‘Work Of Art’

According to Temerian, his grandfather purchased the rare right-hand drive 250 GTO driven by John Surtees in 1968 for approximately $6800. Despite owning a 250 GTO with a hugely successful racing history, he was never truly won over by it and would even compare its front grille to cheap chicken wire.

Encouraged by his son, Temerian’s father, to sell the car, that’s exactly what he did. The car was allegedly sold for approximately $9,500 (nearly $70k in today’s money, adjusted for inflation) to well-known Ferrari collector Robert Sowers and the money made from the sale were used to buy his 16-year-old son a Lamborghini Miura for his birthday.

What’s surprising is that while Temerian’s grandfather was annoyed at the opportunity he missed to make millions, his dad isn’t too concerned as, for him, owning a vehicle which speaks to him like the Miura is worth more than the any price figure you could put on a car. Talk about a true petrolhead, huh?

 

  • Teddy Wijaya

    boring story.

  • Bo Hanan

    This guy annoys me and I can’t listen/watch him. I know that’s mean and I don’t feel good about it.

  • exeptor

    A decade ago I was very excited about the Dark Web and all the stories around it and browsing through the vast network of sites and forums I saw something interesting called Bitcoin. The year was 2011 (first quarter or something like that) and the price for a single Bitcoin was around 1-2$. My income at the moment was quite good but most importantly I had no family so a 200-300$ investment wasn’t a big deal even for something completely unknown. You know what happened after that. Still don’t really sorry about that.

2020 Audi RS6 Avant Looks Like It’s Even Better Than Its Ultra Capable Predecessor

The Audi RS6 Avant can be ordered with 440 mm carbon ceramic brakes and 10-piston calipers.

Russia’s Rolls Royce-Rivaling Aurus Opens First Showroom In Moscow

The new Russian luxury brand also aims to open a showroom in China as soon as 2020.

Sterckenn Gives The BMW M5 And M2 Some Subtle Visual Tweaks

A number of carbon fiber add-ons, such as a front splitter and rear diffuser, make the two M cars a little more aggressive.

Skoda Kamiq Subcompact SUV Could Be The Segment’s New Champion

Despite being Skoda’s first entry into a very hot niche, the Kamiq establishes itself as a top runner.

Lotus Evija Is Off To An Outstanding Start, Gets Double-Digit Orders

Lotus has almost sold out the entire allocation of the Evija in the United States before the hypercar even hits the assembly line.

New-Gen Mercedes-Benz Citan Confirmed, Wil Get An Electric Version

The next Citan will continue to be made in partnership with Renault-Nissan but will, once again, get some mods to identify it as a Merc.

Toyota Updates Concept-i, e-Palette Autonomous EVs For 2020 Tokyo Olympics

Toyota will supply 3,700 vehicles, 90 percent of which will be electrified, for the 2020 Olympic and Paralympic Games.

Honda’s Innovative Airbag Promises Increased Front Passenger Safety

Thanks to its design, the new airbag offers better protection in the event of an angled frontal collision.

Supercharged Huracan Performante Demonstrates What She’ll Do In A Straight Line

This lightly modified Huracan Performante crossed the half-mile line at 168 mph which, in our books, is pretty fast.

Nissan 370Z 50th Anniversary Edition Arrives In Australia Priced At AUD $53,490

While the 370Z is starting to show its age, Nissan has made it a bit more appealing with this special edition.