Mr Toad's Garage

The 1961 Ferrari 250 GT is a very rare and expensive luxury car. A well-maintained one can reach a value of up to $11 million. Very few other classic exotic cars managed to reach such a high valuation. These cars are usually sold in auctions, and will never be seen in a showroom or listed on a used car sales website.

Seeing just how expensive the 1961 Ferrari 250 GT is baring the question of why people are willing to pay this much for one. First of all, these particular models were very expensive when they were released. Also, not that many of them were build.

This makes it even more difficult to find parts for restoration. Owners that have a Ferrari 250 tend to hold them for many years because they appreciate at price and they are a symbol of status. It makes it an investment for the ones that can afford one and some would say that they are even as good as gold.