Despite the widespread belief that all 36 of the 250 GTOs are still in existence today, it was just the third 250 GTO to ever roll off the Maranello assembly line. A 3.0 liter V12 engine with a claimed 300 horsepower was installed under the hood of each street-legal racer as it left the Italian manufacturer.
Extract from Ultimate Ferrari 250 GTO - The Definitive History by James Page. In 1962, Le Mans was still a Ferrari stronghold. It had won outright in three of the previous four years — the only exception being 1959, when Aston Martin was victorious — and had claimed the GT class in 1959, 1960 and 1961. With no fewer than 15 Ferraris entered The “250” in the car's name comes from the engine's unitary displacement, a common practice for Ferrari's naming scheme at the time. This means that each cylinder displaces 250 cc.Ferrari / By The GearShifters Team. Despite the widespread belief that all 36 of the 250 GTOs are still in existence today, it was just the third 250 GTO to ever roll off the Maranello assembly line. The 1964 Ferrari 250 LM, one of only 32 of its kind, fetched $17.6 million at RM Sotheby’s, setting a record price for the vehicle.
Many PF's have been transformed to a GTO replica (at least 2), 250TR, LWB California, or modified by Nembo or Drogo (not bad!). Some have been broken up for parts. It was really Ferrari's first 'mass-produced' car and never got rid of its (unrightly) cheap image. If the red body is 1975 GT it was built in 1960.
Only 36 were made, all between 1962 and 1964, yet, astonishingly, collectors can identify every single one of them. Ralph Lauren and computer tycoon Craig McCaw each possess one. In August 2014, a 1962 Ferrari 250 GTO broke the auction record when it sold for $38.1 million.
DHwI.