The Ferrari 599 GTO cost $450,000 when new, a steep pricetag no doubt, but a sum that should be no surprise to those familiar with limited-edition Ferrari values. If you can believe it, the 599 GTO has sharply spiked in value since it was released in 2011, with Mecum auctioning off at example for $750,000-$950,000 at Monterey Car Week later this month.
For that price, you could get yourself into the Ferrari F12 TdF, the spiritual successor to the GTO. We say that, but you actually can’t get yourself into an F12 TdF for any price, because they’ve all been sold. You can bet owners will want to hold on to the car for a little bit, too, as it’s almost a guarantee it will sharply spike in value and they’ll make a pretty penny on the limited-edition front-engine prancing horse.
The 599 GTO to be auctioned, chassis no. 176093, was ordered with “a copious amount,” of optional extras. These include carbon-fiber door and dash inserts, a ‘Virtual Race Engineer’ vehicle performance monitor and aluminum color brake calipers. The engineers who built the car also autographed the engine cover – a unique feature that certainly wasn’t on the options list at any Ferrari dealer.
$950,000 is a lot of money for a five-year old 599, but believe it or not, it’s not the most expensive 599 to be auctioned at Monterey Car Week. Mecum will also sell off a 1 of 80 599 SA Aperta, an open-top version of the 599 built to mark design studio Pininfarina’s 80th anniversary. That rare machine is expected to fetch between $1.2 million and $1.5 million, a sticker that makes the GTO’s seem paltry in comparison.
For additional information and photos, check out the listing for the 599 GTO here before it’s auctioned off on Saturday, August 20th.