Latest / BREAK/FIX the Motorsports & Vehicle Enthusiast Variety Show / The Ferrari 250 GTO: Myth, Metal, and Marketplace Magic

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The Ferrari 250 GTO: Myth, Metal, and Marketplace Magic · BREAK/FIX the Motorsports & Vehicle Enthusiast Variety Show

• 0:00
  As part of Ferrari Fridays, William Ross from the Exotic Car Marketplace
• 0:04
  will be discussing all things Ferrari and interviewing people that live
• 0:07
  and breathe the Ferrari brand.
• 0:09
  Topics range from road cars to racing, drivers to owners, as well
• 0:13
  as auctions, private sales, and trends in the collector market.
• 0:25
  Well, hello everyone.
• 0:26
  Welcome to the second episode of the Ferrari Marketplace.
• 0:31
  Today, we're going to talk about the Ferrari 250 GTO, you know, the, um,
• 0:37
  the unicorn, the, uh, quintessential Ferrari, so to speak out there in Ferrari
• 0:42
  world and the Ferrari marketplace, the one to own less, as long as you're a
• 0:46
  billionaire, but real quick, you know, sorry, it's taking a little bit to
• 0:51
  get the second episode up and going.
• 0:53
  Um, I kind of reviewed that first one and I knew that first one
• 0:55
  was going to be a little rough because it was the first one I did.
• 0:58
  So I kind of was tightening some things up and put some more things together
• 1:01
  to try and make this a little more fluid And sound a little bit better.
• 1:04
  So hopefully this one goes a little bit better.
• 1:06
  So but anyways, I'm wearing an upper Let's talk about the 250 GTO so 60
• 1:12
  years ago in 1962 the Ferrari 250 GTO was Unleashed on the world.
• 1:20
  Now, but the how this car came about was in prior to the, uh, you know,
• 1:26
  61 suit, you know, season prior net the FIA for the world championship.
• 1:31
  No, you could raise, you know, have actually, you know, built specifically
• 1:36
  sports racing prototype car to run for the world championship.
• 1:40
  Well, for 1962, the FIA decided.
• 1:42
  So you know what?
• 1:43
  We're going to make these a actually a homologated road going home.
• 1:46
  Grand touring car GT car.
• 1:48
  Now, those will be the ones that will only be viable for points in a championship
• 1:55
  So, you know Enzo saw say we need to come up with some new cars here.
• 1:59
  That's going to be for this So at the time the wheel in my head was a 250 SWB
• 2:05
  was what they kind of had that would fit the bill Well, that wasn't gonna work.
• 2:08
  So they needed to change it up.
• 2:09
  So his man.
• 2:11
  Mr.
• 2:11
  Bizzarini And I apologize if I hack up some of these names, I'm not Italian.
• 2:17
  So anyways, he got to work on his little skunk work, skunk works
• 2:21
  operation there in fried, fried Ferrari and started putting stuff together.
• 2:25
  Now, no rumor has it, you know, okay.
• 2:29
  That, you know, there was really no one specific person that was responsible
• 2:35
  for the body shape and designing.
• 2:38
  The 250 GTO now there were never any drawings done.
• 2:41
  Nothing put the paper.
• 2:43
  No schemat.
• 2:43
  Nothing They just kind of they put this thing together just with using their
• 2:47
  hands metal and just say let's just do this tweak this and Whatnot, but
• 2:52
  throughout the years it's kind of been I would say rumor has it or coming out
• 2:59
  of that possibly that actually Enzo's Uh, wind tunnel, uh, model maker guy,
• 3:05
  Edmondo Milimeter Casoli was actually kind of one of the major contributors
• 3:13
  to the shape and design of the car.
• 3:15
  Now, like I said, he's never really gotten direct credit, but in reading
• 3:18
  stuff like that and you talk to people and back then you read enough stuff, it
• 3:22
  seems like, it seems to be that he was.
• 3:25
  Like the biggest contributor to the shape and design of this car.
• 3:28
  Cause as you know, that shape is nice.
• 3:31
  It's beautiful and aerodynamic and going.
• 3:34
  So, Hey, someone that builds models for the wind tunnel, I guess it would
• 3:36
  be the man kind of, uh, would do it.
• 3:38
  So, but anyways, you know, um, you know, bizzarene his team and he started
• 3:43
  out, but as we all know, in 1961, the big old palace revolt happened and.
• 3:48
  Long biz arena along with, uh, other, some other top, uh, line
• 3:52
  engineers and conciliarities, I guess you could say, were sent packing.
• 3:56
  Um, they were not happy about Enzo's wife coming out on the shop
• 4:01
  floor and kind of telling them what to do and all this stuff.
• 4:04
  And they were basically like, look, either she goes or we go
• 4:06
  and well, I guess we know who won.
• 4:08
  Enzo's wife won.
• 4:09
  So those guys all left.
• 4:10
  So, it was basically kind of turned over to a 26 year old Mario Fogheri.
• 4:17
  And he had to pick up the pieces and kind of get moving on this and do it.
• 4:20
  So him and the other guys that got brought in that team that were still
• 4:24
  there and some new people that brought in, you know, end up, you know,
• 4:27
  putting this thing all back together and, you know, getting it completed.
• 4:30
  Um, what's kind of surprising is, you know, usually, uh, Pininfarina was the one
• 4:34
  that was going to be designed, especially the road cars, but, uh, they really
• 4:37
  had no influence or anything on this.
• 4:40
  Um, it was all done in house, and like I said, it was just, you know,
• 4:44
  hammered and welded together without a single drawing or scale model.
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  Nothing was ever drawn on paper or something, so it
• 4:48
  was, it was pretty impressive.
• 4:50
  Um, so, uh, you know, as we know, designer and coach builder, you know, Sergio
• 4:54
  Scaglietti, you know, he, he inherited and got the final shape and tweaked
• 4:58
  and everything like that and going, so.
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  That's who kind of got, got this thing, you know, to the finish line and
• 5:04
  regarding to get this thing all taken up.
• 5:07
  Um, kind of an interesting story regarding how the 250 GTO name came about.
• 5:14
  Cause as we know, that it was actually, Derived from the 250 SWB and, you
• 5:21
  know, and that was one thing there were 100 cars were supposed needed to be
• 5:25
  made to appease the FIA and doing it.
• 5:28
  And as we know, Enzo and his in his way was able to.
• 5:35
  I guess sway or, you know, get the FIA to agree.
• 5:39
  The fact is, well, this is just the 250 SWB with tweaks and, you know,
• 5:43
  changes and whatnot, you know, other competitors, other manufacturers all
• 5:46
  kind of livid about it, but Hey, that's the kind of power and sway he had.
• 5:50
  So they, um, were able to do it.
• 5:53
  But what happened was is when they were getting ready to, uh, when
• 5:56
  they did the registration for the first race, It actually got sent
• 6:00
  over, you know, it was official.
• 6:02
  It was a 250 GT competition, 62 Berlinetta, you know, or, you know,
• 6:07
  it became known as a Alamogado, but when it got registered, uh,
• 6:12
  for that first race over the United States, It was actually put down to
• 6:17
  paper and now it's kind of unknown.
• 6:19
  There's a couple different things for this, you know, um, either due to a
• 6:22
  kind of a language barrier because telephones back then and doing what not
• 6:26
  for and paperwork and not be able to understand the handwriting and what not.
• 6:29
  It was, it was supposed to be entered as, you know, 250GT 0, but somehow.
• 6:36
  So either, either there's two stories.
• 6:39
  One is just through subsequent, you know, um, language barriers.
• 6:44
  It just, they put GTO or the other story is a secretary type as whoever
• 6:50
  was, you know, handling all the entries and whatnot, just dropped
• 6:53
  a hyphen and just made a GTO.
• 6:55
  So there you go.
• 6:55
  Cause so it was never actually.
• 6:58
  Designated from Ferrari as 250 GTO.
• 7:02
  It actually became that through a clerical error or through a language barrier issue.
• 7:09
  So I always thought that was kind of funny and interesting
• 7:10
  about that, how it came about.
• 7:11
  And that's, you know, just a few other stories about that, how those
• 7:14
  cars came about and got their name.
• 7:15
  I mean, look at the Daytona.
• 7:17
  That car was never officially called the Daytona.
• 7:20
  from Ferrari.
• 7:21
  It was just because of the winning the race deal, the 24 hours of
• 7:24
  Daytona and it just kind of stuck.
• 7:26
  So anyways, but so it's got a couple of those instances in there.
• 7:28
  So anyways, now with that season, so what they did is
• 7:34
  you know, to get things moving.
• 7:35
  Um, there's on record, I, you know, and there's another argument that kind
• 7:39
  of gets Kind of tossed around and is there were some say 36 some say 39 you
• 7:46
  know it all depends how you look at it because The last three they kind of
• 7:49
  all of a sudden considered a 330 GTO because it's got the four liter engine
• 7:54
  And it's got the series two bodywork.
• 7:56
  So another say okay, and then there's the 36 that are actually true GTOs
• 8:01
  because they have The original three liter engine and three liter
• 8:08
  V12 and the original bodywork.
• 8:10
  Um, so, you know, it kind of, it's up in the air, you know, because like I said,
• 8:17
  you know, they did the, they had the series one bodywork and then they did
• 8:21
  the subsequent series two bodywork ones.
• 8:23
  And, you know, As you can tell when you look at it, you can clearly tell
• 8:27
  between the Series 1 and Series 2.
• 8:28
  The Series 2 bodywork is a lot more aerodynamic.
• 8:31
  It's a lot, you know, it looks more squatty.
• 8:33
  A little longer and a little wider.
• 8:37
  You know, you can definitely tell the difference between the two.
• 8:39
  So that's why that argument is made that some people say, well, It's not really
• 8:42
  a 250 GTO because it has a bigger engine a totally different body whatnot But I
• 8:46
  say no it is because it's basically just a continuation of it So it's you know,
• 8:50
  however, you want to look at it in my opinion a they're all GTOs, you know And
• 8:54
  they're all just absolutely gorgeous.
• 8:55
  So that's my opinion, you know, I said you're gonna get that argument amongst
• 8:59
  other people So, you know because like I said, some people say 36 some say 39
• 9:03
  I say 39, but hey, that's me So anyways, so right out of the gate, you know,
• 9:08
  these things were super competitive.
• 9:10
  You know, these things were doing phenomenal.
• 9:12
  Um, you know, solid car, very reliable.
• 9:14
  You know, it was very easy to drive.
• 9:16
  You know, it was You know, a great car to compete in.
• 9:20
  Cause you got to remember in back then for the world championship races, you
• 9:25
  know, you weren't just driving, you know, doing a 250 mile race on our
• 9:29
  road course or whatnot, you know, back then for the championship, you had, you
• 9:34
  know, endurance races, you know, you had 24 hour races, you had three hour
• 9:37
  races, you know, all these endurance races, you had hill climbs, um, you
• 9:40
  had these routes, you know, you had.
• 9:42
  The 10 day Tour de France race, that's your 10 days over as a whole race,
• 9:45
  you know, doing all these little things, you know, that, that, you
• 9:48
  know, if you look up the history of that race, it consisted of all these
• 9:51
  different, uh, recce's and whatnot, you know, that he had to do for the
• 9:55
  race, you know, to win the whole thing.
• 9:58
  So, you know, it's, it's interesting, you know, how the championship was, you
• 10:03
  know, I guess one, because you had to be disciplined in a lot of different
• 10:09
  facets of racing a car, not just, Hey, going around a track for, you
• 10:13
  know, two, three hours and doing it.
• 10:14
  So I always had great respect for those guys back then.
• 10:17
  That's because the fact is, that's what it is.
• 10:19
  I mean, you had to be, I want to say dominant, but you had to be
• 10:23
  pretty, pretty good in all types of all different disciplines of racing.
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  So, you know, and, you know, that first year, I think it was, you know, they won.
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  Uh, pretty much a majority of the races.
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  So they won the championship and they went again.
• 10:37
  They, they actually won it in 62, 63 and 64.
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  So there were three years going.
• 10:43
  So, but the problem is by that time, you know, in 64, the writing was coming on
• 10:47
  the wall because that's when old Carol Shelby came storming in with his Cobras.
• 10:51
  And, you know, hell bent on wanting to beat Ferrari because he just
• 10:54
  despised Enzo, um, and doing it.
• 10:57
  So actually after the 1964 season, now going to 65, yeah, they were
• 11:02
  all, you know, uh, still raced.
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  The GTOs are still raced, but all under privateer teams, you know, Ferrari
• 11:08
  didn't have any more factory efforts regarding that back in the 250 GTO on
• 11:12
  the factory level after the 64 season and just left all the privateers and
• 11:16
  subsequently, you know, Carroll Shelby ended up winning and decimate, you know.
• 11:19
  Blowing doors off, uh, with his Daytona Coupes, um, in the 65 season.
• 11:25
  And, you know, those were phenomenal cars too.
• 11:27
  And that's a totally different podcast.
• 11:29
  So anyways, you know, These cars, you know, as people say,
• 11:34
  you know, they're not, you know, they're beautiful and whatnot.
• 11:36
  They're not perfect.
• 11:36
  They're pretty straightforward.
• 11:38
  I mean, if you ever look at them, they have no even, don't even
• 11:40
  have any side mirrors on them.
• 11:41
  You know, and, and, you know, like I was saying, you know, as Enzo saw
• 11:44
  it was, well, who cares behind you?
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  I'm always going forward and I'm in first place.
• 11:48
  Who cares behind me?
• 11:49
  So anyways, none of those GTOs have any side mirrors, which I always
• 11:52
  find was kind of interesting.
• 11:53
  You know, um, so in getting to it, but, you know, so as a subsequent,
• 11:59
  you know, into the later sixties.
• 12:01
  The GTO, I mean, it was just, it was becoming a old tired racing car.
• 12:06
  So, I mean, obviously, you know, if someone can see the future, everyone
• 12:11
  would be billionaires, right?
• 12:12
  Um, you know, so no, one's going to think to themselves, Oh, this
• 12:15
  car is going to be worth, you know, 30, 40, 70 million someday.
• 12:20
  Um, you know, it, that doesn't enter your mind.
• 12:23
  You don't think you just look at it as an old tire race car.
• 12:25
  Now these cars were.
• 12:28
  You know, designed and built to be driven on the street, you know, be a street,
• 12:32
  you know, it's a regular driving car, daily driving car and then drive to
• 12:35
  the track race and drive home with it.
• 12:37
  Um, could you do that?
• 12:38
  Yeah.
• 12:38
  Can you drive it on the street?
• 12:39
  But it was a bit of a tricky wicket to drive these cars.
• 12:42
  No, you got to get that thing above 3, 500 RPM to really start
• 12:45
  getting the thing kind of moving.
• 12:47
  Anything below 3, 500, I mean, that thing just doesn't want to go.
• 12:49
  It's just like, you know, so you got to kind of get that
• 12:52
  thing up in the rev range.
• 12:53
  To really get that thing moving.
• 12:55
  Um, so it was a bit of a tricky weekend and said in traffic, what not overheat,
• 13:00
  what it needs, the airflow going to, I mean, the car was designed to be a race
• 13:04
  car, but for homologation reason, yeah, it was still a street car technically.
• 13:08
  So, but you know, you need that airflow going to the car to really
• 13:11
  kind of get that thing cooled down and do what it's supposed to do and
• 13:13
  get that thing all nice and lively.
• 13:14
  So a lot, not a lot of people.
• 13:19
  Now, I was, I think the, uh, the one person that's kind of most
• 13:22
  famous for driving that around is, um, uh, our old Phil Spector
• 13:26
  driving it around in California is well known for that and driving it
• 13:28
  very fast and just being an idiot.
• 13:30
  Um, but you know, there's really not too many stories of, you know, a lot of
• 13:36
  sites and what I know there's one guy, it's a movie producer that owns one
• 13:39
  that, you know, he ended up buying it cause he had seen it when he was young.
• 13:42
  And he's like, I want to buy that car, something, you know, um, you know, seeing,
• 13:45
  and again, it's driving on California.
• 13:47
  I mean, I don't know where else you might see these things back then, but anyways,
• 13:51
  you know, by that time though, late six or seven, I mean, these things are changing.
• 13:55
  I mean, there was the one instance.
• 13:56
  You know, the guy, you know, bought his private chair, he raced, you know,
• 13:59
  he bought for like 10 grand, um, you know, race that whatnot for a few years.
• 14:03
  And then by the time he was done, he sold for 3, 600.
• 14:06
  I think it was in 67 or 68, something like that, 66 maybe.
• 14:10
  Um, but anyways, imagine that.
• 14:12
  Well, of course, you know, you look at the dollar exchange, you know, okay, what 3,
• 14:15
  600 was back, you know, compared to today.
• 14:17
  So what mid twenties, maybe mid thirties.
• 14:20
  Would that be a rough thing?
• 14:21
  I mean, I don't know.
• 14:22
  I'm not a financial person, but anyways I mean, you know back then thirty
• 14:26
  six hundred bucks was still a decent amount of money But don't have shit.
• 14:29
  I mean ten grand was but you know, these things being I think new it or 18 grand
• 14:32
  technically and in dollars and cents, but You know, it just It wasn't what,
• 14:43
  you know, people look at it as today.
• 14:45
  It was just look at a tire race car So these things were trading hands, you know
• 14:49
  getting sold for very little money There's one that was sitting behind it was in a
• 14:55
  it was in a field I said, but I think it the one was it was sitting for 15 years in
• 15:02
  a field behind a shop class because some guy that owned it was a race car guy, you
• 15:06
  know racing guy And he was done with it.
• 15:08
  So he just donated it to the local, uh, uh, what the hell would you call it?
• 15:13
  Machine shop or technical school, you know, and do it and just sat back there
• 15:17
  forever because they really couldn't do anything with it because where
• 15:20
  were they going to get parts for it?
• 15:21
  So, but anyways, so, but anyways, subsequently, obviously it was bought
• 15:24
  and redone and I believe that's the one that Ralph Lauren owns, uh, was
• 15:28
  that one that was found in that field.
• 15:30
  So, um, or sat in that field for that long of time.
• 15:34
  So, I mean, and here's the thing is all the, all of them.
• 15:37
  Are accounted for and majority of them are driven and raced on regular basis
• 15:42
  at vintage events, which is awesome.
• 15:44
  I Was just down at Cavalino a few weeks back and there were three of them
• 15:49
  there at that show And what's awesome about Cavalino is the fact is is You
• 15:53
  know, a lot of these shows you go to and those kind of cars, I mean, when
• 15:56
  you're talking what they're worth, you know, they're behind velvet ropes.
• 15:59
  And so the closest you get to them is about five feet, which is awesome
• 16:03
  about Cavalino is they're parked there.
• 16:04
  You can get right up to it.
• 16:05
  Just look right in the windows of them, everything like that.
• 16:07
  And you know, when they're getting judged, they start them up.
• 16:10
  It's awesome.
• 16:11
  I got to tell you, if you get the opportunity now, tickets aren't cheap.
• 16:15
  It's 250 a ticket to go.
• 16:17
  I, if you're a Ferrari person and you love Ferraris, you need to put that on
• 16:22
  your bucket list of things to do is go to the Cavalino Classic down in Palm Beach.
• 16:27
  Um, and it's in the end of January, uh, usually is how they do it, but
• 16:32
  it's usually it's a four day event.
• 16:33
  Um, now, I mean, they have subsequent other things going on, but Saturday
• 16:37
  is, you know, a good day where everything's out in the field and do
• 16:39
  all the judging, everything like that.
• 16:40
  But you want to see some of the most gorgeous Ferraris you'll ever see.
• 16:43
  I mean, it's awesome.
• 16:44
  I mean, this year was great because, you know, being This is
• 16:47
  the 75th anniversary of Ferrari, they had one model from every year.
• 16:51
  Now they had, some years they had multiple models for that year.
• 16:55
  But, um, they had at least one model from every year.
• 16:58
  And there were some just absolutely drop dead gorgeous, gorgeous vehicles.
• 17:02
  I mean, look up online, go on there and look for videos of it.
• 17:04
  I got a couple real short ones on there from being there.
• 17:06
  Um, felt a little odd kind of trying to shoot video because you got some
• 17:11
  very, very High net worth individuals walking around and I wasn't sure about
• 17:16
  people wanting to be on film or not So and I don't want to have to go.
• 17:18
  Hey, can you sign off this you okay with this?
• 17:20
  You know, so I didn't want to bother with that.
• 17:21
  So I only did a couple real quick ones But anyways, so obviously as time passes
• 17:27
  on and get going, you know, these things start creasing in value and You know
• 17:32
  going up and the prices start getting up there like in the 80s You know people
• 17:38
  start paying more and more for these cars And getting up there and, you know,
• 17:43
  first to say, all right, first time it breaks, you know, a million dollars.
• 17:47
  And then I think the one was it sold for like a, back then I think
• 17:52
  it was 80 something, can't remember exact, um, I can't read my own notes.
• 17:57
  Um, it was, you know, sold for about a million dollars and two
• 18:03
  years later they sold for like 4.
• 18:04
  2.
• 18:05
  So, and this was in the late 80s, mid to late 80s, um, and then as I was
• 18:08
  subsequently starts going up because it's kind of one of those deals, you
• 18:11
  know, something starts going that the marketplace can start dictating it.
• 18:13
  So all of a sudden, Oh, it sells for that.
• 18:15
  Okay.
• 18:16
  So the one I own should sell for that.
• 18:18
  Now here's the one thing about the cars.
• 18:19
  Now, a lot of them have, you know, different histories to them, uh, and
• 18:23
  whatnot, you know, um, accidents, crashing, everything like that.
• 18:28
  Now like the one.
• 18:29
  You know, so far, the highest sale won that went to our man, Mr.
• 18:33
  McNeil, that owns WeatherTech, you know, so rumor has it, and he's never
• 18:36
  confirmed it or denied it, that, you know, he paid 70 million for his back
• 18:39
  in 2018 in a private sale, but now his had Le Mans history, and, uh, I mean,
• 18:45
  I think it was, you know, unmolested, you know, I think it never, no accident
• 18:48
  damage, I mean, you might have some little things, things here, but never,
• 18:52
  like, any structural, like, huge crashes, um, cause you got quite a few
• 18:55
  out there, and these were race cars.
• 18:57
  So, um, yeah.
• 18:57
  You know, they were raised hard and, you know, they're going to subsequently
• 19:00
  have damage to them and it's going to happen, you know, so there's some out
• 19:05
  there that aren't worth quite as much and there's the one that sold was a 26 or,
• 19:13
  uh, was it the one just sold recently?
• 19:15
  I think it was like for one for 40 some million, but that was
• 19:18
  at the auction at Sotheby's.
• 19:20
  I think it was Sotheby's or Gooding, one of the two.
• 19:24
  Actually, the person who drove it was killed in it.
• 19:26
  So it's actually kind of got that kind of history and it was banged up pretty good.
• 19:29
  Um, but still, you know, it still went for quite a bit of money.
• 19:33
  Um, so it really doesn't deter people, but you know, it gets you in that club.
• 19:37
  Cause you have quite a few of the owners of these have owned them
• 19:39
  for quite a lengthy period of time.
• 19:42
  Um, you know, it's, they.
• 19:46
  I mean, obviously they, they love the car.
• 19:48
  They love what it does and what it is.
• 19:49
  And, you know, and there's numerous, numerous private events just for the
• 19:54
  GTO owners that go on throughout the years, um, here and there that, you
• 19:58
  know, it's a, to go to it, you got to own a 250 GTO, so, you know, you
• 20:03
  got these real, you know, obviously upscale private, you know, very private.
• 20:07
  And if you're a member of that club, Hey, you know, kudos to you.
• 20:11
  So obviously you were doing something right in life or as.
• 20:14
  Subsequently, some of these people that have bought them, um, were,
• 20:17
  have born into the ripe gene pool.
• 20:19
  Um, so anyways, my thoughts on this, you know, I mean, I
• 20:27
  love the car and like that.
• 20:28
  I mean, you know, they're trying to, they're, they're saying that
• 20:32
  it's more than likely, you know, and how long whatnot, but these will
• 20:36
  be a hundred million dollar cars.
• 20:39
  That's what the rumor is.
• 20:40
  That's what people are saying.
• 20:41
  They're saying, you know, how long would it be in 10 years, 20 years?
• 20:44
  Who knows?
• 20:45
  Um, you know, it's getting to the point, though, it's going to be interesting
• 20:49
  because quite a few of the owners, especially long term owners that have
• 20:53
  had them, they're, you know, up there in age, and with what's going on regarding,
• 20:58
  you know, estate, tax, all that kind of stuff, when you pass these things on,
• 21:03
  you know, the family members, you know, unless it's, you know, a hugely wealthy
• 21:07
  family, just they can't absorb, you know, the, uh, Inheritance tax, estate
• 21:13
  tax, what have you, however it goes.
• 21:15
  I mean, I know these people, they got ways to work around it.
• 21:18
  They set up these trusts and do all that kind of crap, but some of these people
• 21:21
  just might not be able to keep it just because they just, they can't afford it.
• 21:25
  So they turn around and they have to sell it.
• 21:27
  And then a nice amount of the money, you know, obviously goes to pay taxes.
• 21:31
  So, which kind of sucks.
• 21:32
  So it's going to be interesting though, because as I said, there's quite a
• 21:34
  few, um, owners that are getting to the stage in life that, You know, they're
• 21:39
  going to be passing on, and so it's going to see if they come to market, if
• 21:44
  they stay in the family, or if the kids get it, and then they just do sell it.
• 21:47
  Because you see that quite a bit in this market, um, you know, not
• 21:51
  just in Ferraris, but in any kind of collector car, hyper car marketplace
• 21:55
  that, um, is the younger generations.
• 21:57
  They're just not into cars.
• 21:59
  You know, you have a lot of these gentlemen, they have these
• 22:01
  great collections and whatnot.
• 22:02
  And the family, the kids, the younger generation, they
• 22:05
  want nothing to do with it.
• 22:06
  So they've got to figure out what to do with this stuff.
• 22:08
  So, it'll be interesting to see what happens here the next, say, 5 to 10 years
• 22:12
  with some of these, like I said, some of these people are getting up there in age.
• 22:16
  Um, it's going to be, it's going to be an interesting out in the marketplace to see
• 22:19
  what happens to see how this comes about.
• 22:21
  So I'm very curious to see what plays out.
• 22:24
  So, but I think I kind of want to mention the one probably, I don't want to say
• 22:29
  he's most famous, but one of my most favorite guys that owns one of these is
• 22:33
  our man, the drummer from Pink Floyd, Mr.
• 22:37
  Mason.
• 22:38
  Um.
• 22:39
  He's owned it since 78.
• 22:41
  And there's a, there's a great story behind his is when they're 86, 87, when
• 22:46
  they were going to, you know, obviously come back and go back on tour, they
• 22:51
  need to come up with the money for it.
• 22:52
  And he actually put up his GTO as collateral to the bank so they could get
• 22:57
  the money, you know, the money needed up front to get the tour up and going.
• 23:01
  So he actually put it up as collateral for that.
• 23:03
  That's awesome.
• 23:04
  Um, that shows you what the values back then and how they looked at it.
• 23:06
  So that was able to get them up and going and get what they needed to do.
• 23:09
  But he races his all the time.
• 23:12
  He's very, very active in the Ferrari world with his GTO.
• 23:16
  And there's a great video that came out just a little bit ago.
• 23:19
  Um, You know, I don't know if you've ever seen it, but you know,
• 23:22
  a kid in a candy shop, a kid in a sweet shop, something like that.
• 23:25
  It was a Jody kid.
• 23:26
  She has her own, you know, YouTube channel that she does and she
• 23:29
  goes around and talks to people.
• 23:30
  But she went and saw and what was awesome, it wasn't Nick himself, it was his wife
• 23:34
  that she actually went and she met with.
• 23:36
  And then, uh, she took the, Nick's wife took the GTO out and And Jody took out,
• 23:42
  uh, 250 SWB, I think it was, uh, and they follow each other, went so ahead.
• 23:46
  But I thought it was awesome.
• 23:47
  And tell you what, she tore it.
• 23:49
  She's a, she's a heck of a racer herself in her own right.
• 23:51
  I mean, she can, she can put it to it.
• 23:53
  So kudos to her.
• 23:54
  I love, I love seeing that, um, seeing that it's involved.
• 23:57
  And I know his kids, you know, get involved too, big time and with
• 23:59
  doing all historic racing and that, cause he's got several other cars
• 24:02
  that he also owns, um, in that.
• 24:04
  So kudos to him.
• 24:06
  But anyways.
• 24:07
  Anyways.
• 24:08
  It kind of gives you a, uh, kind of a brief synopsis of my thoughts and
• 24:11
  everything in history on the GTO.
• 24:13
  And I think, you know, where things might be going.
• 24:16
  Um, I'm sure I could probably talk for hours on this if I get something
• 24:18
  else, you know, talking about it.
• 24:20
  We could talk forever on these things and all the stories and everything about it.
• 24:24
  But I just kind of wanted to get into a little brief, brief on it.
• 24:26
  Just kind of thing just because, hey, it's the 60th anniversary of
• 24:29
  it getting, uh, unleashed, unleashed out onto the world, into the racing
• 24:33
  world and history being made.
• 24:35
  So that's what I wanted to talk about.
• 24:37
  So, hey guys, I really appreciate it.
• 24:39
  And again, Uh, you know, I'm saying I'm trying to get the hang of
• 24:42
  this and getting these things put together correctly in these podcasts.
• 24:45
  So my apologizes, he's being a little rough and maybe my talking
• 24:49
  not as smooth as it needs to be.
• 24:51
  Um, and doing some homes a lot and stuff like that.
• 24:53
  So I'm, I'm working on it.
• 24:54
  So you gotta give me a little time.
• 24:55
  So, but again, Hey, I appreciate you guys listening and take care and stay safe.
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