Man buys car for $70 million

[IroNat]

Conspicuous consumption at its finest.

>

"Iconic 1963 Ferrari 250 GTO sells for a record $70 million"

https://www.cnn.com/style/article/ferrari-250-gto-1963-record-sale/index.html

[El Diablo Blanco]

Maybe he sees it as an investment.

[MAXX]

not much more retarded than buying this painting for 200million I guess

[IroNat]

That painting is definitely worth it.

I wouldtn' pay more than $50 million for the car though.  

[wes]

Insane in the membrane.

Johnny Depp must be the buyer! LOL 

[The_Punisher]

Conspicuous consumption at its finest.

>

"Iconic 1963 Ferrari 250 GTO sells for a record $70 million"

https://www.cnn.com/style/article/ferrari-250-gto-1963-record-sale/index.html

this is not a car my friend....it's a piece of automobile history...….in 2015, there was another GTO sold for $52 million.....there are rumors that in the next auction in 3yrs, they projected the next GTO could be sold for $90-$100 million......hey, if you got the loot, why not?....after all, only 39 of these GTOs were made and Collectors are going Nuts for them these days

[SOMEPARTS]

this is not a car my friend....it's a piece of automobile history...….in 2015, there was another GTO sold for $52 million.....there are rumors that in the next auction in 3yrs, they projected the next GTO could be sold for $90-$100 million......hey, if you got the loot, why not?....after all, only 39 of these GTOs were made and Collectors are going Nuts for them these days

Just have one hand-made for a fraction of the cost. I appreciate provenance and history but it's just a machine, a small machine... This is like paying millions for a biplane rather than getting a new jet.

[MORTALCOIL]

Just have one hand-made for a fraction of the cost. I appreciate provenance and history but it's just a machine, a small machine... This is like paying millions for a biplane rather than getting a new jet.

That’s ignoring the dynamics at work behind big money. Extremely wealthy people need gratification through spending: scarcity and exclusivity is invaluable. If you can market a one of a kind dog shit, some rich guy will pay for it. Just to be the one and only owner of said dog shit. That’s actually what’s happening on the modern art market. Which is thriving.

[SOMEPARTS]

That’s ignoring the dynamics at work behind big money. Extremely wealthy people need gratification through spending: scarcity and exclusivity is invaluable. If you can market a one of a kind dog shit, some rich guy will pay for it. Just to be the one and only owner of said dog shit. That’s actually what’s happening on the modern art market. Which is thriving.

That's exactly my point...ignore the dynamics and keep the money, haha. Fiscal conservative.

[_bruce_]

I initially wanted to pay 125 million but was later informed that Enzo's custom cut turd on the passenger seat was just a replica

[NarcissisticDeity]

This is from my Road & Track magazine from 1963 , same fucking car mind you. 

[illuminati]

this is not a car my friend....it's a piece of automobile history...….in 2015, there was another GTO sold for $52 million.....there are rumors that in the next auction in 3yrs, they projected the next GTO could be sold for $90-$100 million......hey, if you got the loot, why not?....after all, only 39 of these GTOs were made and Collectors are going Nuts for them these days

ust have one hand-made for a fraction of the cost. I appreciate provenance and history but it's just a machine, a small machine... This is like paying millions for a biplane rather than getting a new jet.

Some people have so much money it becomes of little value to them.
Also a case of perspectives A Man with little money or even moderate money views
$70 million as a vast amount ( which it is)
A Man with Billions of $s Likely views it as lose change.
From that perspective if I could buy it for loose change I would.

[IroNat]

Some people have so much money it becomes of little value to them.
Also a case of perspectives A Man with little money or even moderate money views
$70 million as a vast amount ( which it is)
A Man with Billions of $s Likely views it as lose change.
From that perspective if I could buy it for loose change I would.

Kind of like Pellius buying all those Big Macs...

[Bevo]

That’s ignoring the dynamics at work behind big money. Extremely wealthy people need gratification through spending: scarcity and exclusivity is invaluable. If you can market a one of a kind dog shit, some rich guy will pay for it. Just to be the one and only owner of said dog shit. That’s actually what’s happening on the modern art market. Which is thriving.

Maybe just maybe if anyone of you guys even consider, that these guys are hardcore car enthusiasts that just happen to have tons of money and they look at this as a win win situation in terms of investment and having one of the most sought after car ever made

[Bevo]

Kind of like Pellius buying all those Big Macs...

Penis is a moron

[Parker]

Just have one hand-made for a fraction of the cost. I appreciate provenance and history but it's just a machine, a small machine... This is like paying millions for a biplane rather than getting a new jet.

Ferrari is thinking about doing a “continuation series” of the car. Until then, there is no “just have one hand made for the fraction of the cost”. It won’t be a real Ferrari, and it won’t be a real 250 GTO and it doesn’t have the racing pedigree.

[The_Punisher]

That painting is definitely worth it.

I wouldtn' pay more than $50 million for the car though.  

well, Leonardo da Vinci would have been proud to know that his painting of Christ shattered all records for most expensive ever sold.....how about $450 million

https://www.npr.org/sections/thetwo-way/2017/11/16/564527819/da-vinci-portrait-of-christ-sells-for-record-shattering-450-million

[K A N N I B A L]

Insane in the membrane.

Johnny Depp must be the buyer! LOL 

Johnny Depp isnt that smart...

[SOMEPARTS]

Apparently there are a lot of Gucci-wearing car salesmen here today. Buying brand names at 100x value for the sake of the brand is disgusting douche action. Bodybuilding related because of Phil Heath's purse.

[The_Punisher]

Apparently there are a lot of Gucci-wearing car salesmen here today. Buying brand names at 100x value for the sake of the brand is disgusting douche action. Bodybuilding related because of Phil Heath's purse.

LOL.....yes, Ferrari only. no Faux-Ferrari allowed

[OneMoreRep]

Conspicuous consumption at its finest.

>

"Iconic 1963 Ferrari 250 GTO sells for a record $70 million"

https://www.cnn.com/style/article/ferrari-250-gto-1963-record-sale/index.html

Too rich for my blood.

Good for those that can afford to spend that amount on a piece of machinery.

A fraction of a billion dollars for a car? I don't care how rich you are, that's substantial.

"1"

[The_Punisher]

this one here held the previous record at $52 million

[IroNat]

this one here held the previous record at $52 million

Cheap junk.

Not worthy.

[MORTALCOIL]

That's exactly my point...ignore the dynamics and keep the money, haha. Fiscal conservative.

A good fraction of the ultra wealthy are just bored out their minds. It's just "kicks" from then on. And money becomes a secondary issue. I find it stupid myself. If I had that kind of cash, I think I would actually get rid of whatever "possessions" I have and live with no strings attached. Maybe it's because I've spent the last 20 years in real estate, investing for myself and managing for others. But whatever you own owns you in return.

[BIG AL MCKECHNIE]

Chris Evans paid $18m for his GTO in 2010. I think Top Gear visited in in a show.  People thought he was mad but he now has a 400% return in 8 years so these super wealthy guys know how to make money.