After taking over from the popular Terry Wogan, Chris Evans increased the weekly listeners to over 9.5 million, beating Wogan by nearly 2 million. He decided the best way to celebrate was to buy a vintage 1963 Ferrari 250 GTO for an astounding 12 million. The Ginger haired Radio mogul has a large garage of classic and modern Ferraris, with his splurge more than doubling the 5 million he spent on a 250 GT SWB California Spyder last year.
Collectors and classic car experts consider the 250 GTO as the ‘holy grail’ and are extremely rare. Phil Bell, editor of ‘Classic Cars Magazine’ said he was not surprised at the price Evans paid for the Ferrari. Only 36 of the 250 GTOs were ever made and only three in this body style, when new in 1963 they were sold for 6,000.
The GTO is capable of accelerating from 0-60 mph in 6.1 seconds and has a top speed of 174 mph. Enzo Ferrari, the founder of the firm, prized the 250 GTOs so highly that he personally approved each buyer. It was raced a lot when it was new, especially in Italy and came second in a Spa 500km race in 1964, a piece of history that makes it more valuable. It was then bought by ex-racing driver David Piper who raced it himself before being sold to a collector in Japan.
The value of collectable cars has been rising for some years and has seen a huge boost since 2000; however the rarest of cars are often hard to value as they tend to change hands behind closed doors.
Despite Evans’ Ferrari being Britain’s most expensive car, it is not the most expensive in the world, that title goes to an even rarer Bugatti Type 57S Atlantic which changed hands for 30 million between to private individuals. Some of the most expensive cars sold in recent times include a Ferrari 250 Testa Rossa which sold for 8m in Italy last May, a Shelby Daytona Cobra coupe which was bought for 4.4m last August and a 1937 Mercedes Benz 540K Special Roadster which was sold three years ago for 3.9m.
Although many of these classic cars are capable of speeds in excess of 200mph, very few of the owners would ever be tempted to commit Uk marriage visa motoring offences. However, one owner of a vintage Ford GT40 was caught speeding in Los Angeles and later convicted of bribery after he attempted to offer the officer a ride in the car to avoid the Uk marriage visa driving offence.