For the past 40 years, the Ferrari 250 GTO has been the “Mona Lisa” of the collector-car market. They represent the last of the front-engined Ferrari customer cars that could be driven on the street and then taken to the track. They were contenders for overall victory in events such as the Tour de France. In their era, they were the ultimate usable supercar. When one comes to market, the world sits up and notices. In 2014, Alexandra and I were at Bonhams’ headquarters on New Bond Street in London when Robert Brooks announced that chassis 3851GT would be sold at their Quail Lodge Auction in Monterey — at no reserve. In a conversation that evening with Robert, he was candid that “this wasn’t the best GTO.” It had been crashed more than once and a previous owner had met his end in it, anathema to many European buyers. He predicted it would bring about $38 million. He was spot-on, as the all-in price was $38,115,000. Just three months ago, it was announced that GTO chassis 4153GT had been purchased for a record price in excess of $70 million by American collector David MacNeil, founder of WeatherTech. Our own Simon Kidston had an exclusive interview with MacNeil. It’s on p. 72. RM Sotheby’s recently announced that another GTO, chassis 3413GT, will be offered for sale at no reserve at their Monterey auction this year. It has a superb history, if not at quite the level of 4153GT. Their announced estimate is $45m, but most expect it to go for more — if not much more. Both the RM Sotheby’s and the MacNeil GTOs are at the top of the pecking order of the 36 3-liter GTOs built. Unlike 3851GT, they both have first-rate pedigrees. There is a logic behind the lofty prices of GTOs. The first is its superior drivability when compared with its contemporaries. I spoke with longtime SCMer Chip Connor soon after his purchase of chassis 4293GT. I asked him how it compared with his SWB. “It’s simply a different world,” he replied. “It feels lighter and more nimble. It’s a delight to drive.” The second is that ownership provides entrée into a very exclusive world. It started with a GTO tour presented by Moët & Chandon in 1987. Since then, GTO owners are invited to similarly exclusive events. Reports have circulated about the richest of the rich having their brokers work overtime to find them a GTO in time to be invited to these most exclusive of all collector-car soirées. Just like courtside seats at an NBA final or front-row tickets to a Beyoncé concert, admission to exclusive events has always been “market priced.” This August, we’ll see what admission to the GTO world costs these days. In the end, the price that 3413GT brings won’t change much of the collector-car market. If it brings $50 million, $60 million or more, it will make it easier to justify spending another $10 million on an SWB, TdF or Cal Spyder. It will also let us see if the price for 4153GT was a new indicator of the GTO market — or perhaps slightly exuberant. But the value of your 308 GTS is unlikely to jump because of this sale. Like you, we will be watching the sale of 3413GT with interest.