The legendary car worth up to $80 million cannot be copied anymore.
The court of Bologna in Italy has recognized Ferrari 250 GTO a work of art. The ruling followed Ferrari’s claim against Modena, a company which planned to produce replicas of the classic. The court favoured the claimant acknowledging the aesthetic design details and unique body lines that make the car legendary. This is a legal precedent of recognising a car as art.
The original 250 GTO was produced in a limited series of 36 copies between 1962 and 1964. In those years the car had a different price tag. It was available for $18,000. Half a century later the model became a rare collectible item and an investment object and has broken several price records for Ferrari. In 2018 a 250 GTO was auctioned off for $80 million. Now that the rare model has been recognized as art a few zeroes might be added to its price tag.
Written by Polina Vorobyova
Translated by Tony Savosin