What do you do with a loose $74 million?

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You buy ‘The Holy Grail of classic cars’, the classic Ferrari 250 GTO, that’s what you do.

As one of the world’s most sought-after classic cars, UK Ferrari specialist Talacrest predicts the one they have will become the world’s most expensive car; making it on to the free market for the first time in more than 20 years.

Ferrari 250 GTO.
Ferrari 250 GTO.

The 1962 classic was the second to roll off the Ferrari production line and is one of only 36 ever made.

It was raced at Le Mans and in spite of it being more than half a century old, it is capable of a top speed of more than 274 km/h.

It was used by the Ferrari factory for testing before it was sold to Luigi Chinetti and his legendary North American Racing Team (NART).

John Collins, who runs Talacrest, said he had been looking for a 250 GTO “for a while”.

He said the sale of Ferrari 250 GTOs usually only happened behind closed doors, but already he had fielded interest in the car.

“It is a beautiful Ferrari, the Holy Grail of classic cars and it has a great racing history, having finished sixth overall at Le Mans and first in class at Sebring.”

Collins said he expected a surge in investment interest following the US election and the purchase will secure a spot for the new owner on the Ferrari 70th anniversary tour next year.

Bonhams sold a Ferrari 250 GTO at a US auction in 2014 when it went for $50 million. Two years later, rarity and inflation sees a price tag of $74 million!