SARONNO, Italy. One of the articles in the Corriere della Sera’s Style Magazine this week focused on the recent sale of a vintage Ferrari 250 GTO by a Dutch born business mogul to Craig McCaw for a cool 35 million dollars. This particular GTO is reported to be the most expensive Ferrari in the world. Mere pocket change for Mr. McCaw who, in 1993, reportedly sold McCaw Cellular to American Telephone & Telegraph, AT&T, for $11.5 billion. Mr. McCaw, by the way is also the founder of Clearwire, a a wireless internet provider.
|The $35 Million Dollar Baby|
I don’t know why the magazine decided to run that particular story now, the sale actually took place last June, maybe they had extra pages to fill and anything about Ferrari makes good copy. The Corriere della Sera article was entitled “Billion Dollar Club” and went on to spotlight other members of the exclusive “Billion Dollar Club” and that’s what I found interesting. The club has only 35 members, which goes to prove what Enzo Ferrari always said, “Ferrari’s are not for everyone.” Not 35 million dollar Ferrari’s anyway.
|Mr. and Mrs. McCaw|
As far as we know, McCaw’s 250 GTO is reportedly the most expensive car ever sold, exceeding the 1936 Bugatti Atlantic which California car collector Peter Mullin paid between $32,000,000 and $34,000,000 in 2010. There may be someone out there who has paid more but because of security and insurance concerns, most collectors don’t like to publicize what they have paid for the latest editions to their collections.
|250 GTO Better in Ferrari Red|
You have to ask, what makes this 250 GTO so special? Well, it depends on your point of view. First of all there were only 36 were produced between 1962 and 1964. The car was originally designed to compete in the 24 Hours of LeMans, and was to be driven by rock star driver Stirling Moss. Unfortunately Moss was severely injured during the 1962 Glover Trophy, a minor Formula 1 Race in West Sussex, England, that was held prior to the LeMans and never drove again. The GTO went on to LeMans with Innes Ireland behind the wheel. Then it was retired. Now it’s the boy toy to have for the boys in the Billion Dollar Club. So who are they? Read on.
|William Connor, CEO Connor Group|
William Connor, CEO of the Connor Group, a world-wide merchandise-sourcing organization, which manages the global sourcing requirements of over 60 companies. The products they source are men, women and children’s clothing, home textiles, furniture and lighting and other products for the home. In a word: everything – at least everything you can expect to find in a department store.
|Robson Walton, CEO Walmart|
The next name on the list, Robson Walton, CEO of Walmart, is no surprise. According to Forbes Magazine, Robson Walton is the richest of the richest 20 people in the world. With 2.2 million employees manning his umpteen million stores, I can believe it.
|The 30 Million Dollar Crash|