Ferrari 288

Ferrari 288 GTO: Decoding the Price of a Modern Classic Supercar

The Ferrari 288 GTO (Gran Turismo Omologato) is a high-performance exotic car that holds a special place in Ferrari's illustrious history. Produced from 1984 to 1987, the 288 GTO was originally conceived as a homologation special for the FIA Group B racing series, although it never actually competed due to the cancellation of the series.

Ferrari 288 GTO (1984-1987)

The 288 GTO was based on the Ferrari 308 GTB but was extensively modified for high performance and racing capabilities. Key features of the 288 GTO include:

  • 2.9-liter twin-turbocharged V8 engine producing 400 horsepower
  • 0-60 mph acceleration in around 5 seconds
  • Top speed of 189 mph (304 km/h)
  • Lightweight construction using composite materials
  • Limited production run of 272 units

Throughout its short production run, the 288 GTO remained largely unchanged, maintaining its status as Ferrari's flagship supercar until the introduction of the F40.

Interesting facts about the Ferrari 288 GTO:

  • It was the first Ferrari to utilize twin turbochargers in a road car
  • The 288 GTO was the fastest road car of its time when introduced
  • All 272 units were sold before production even began, despite its high price tag
  • It was the first Ferrari to extensively use composite materials in its construction
  • The 'GTO' designation was revived for this model, 20 years after the legendary 250 GTO

The Ferrari 288 GTO marked a significant milestone in Ferrari's history, bridging the gap between classic Ferraris and modern supercars. Its limited production, racing pedigree, and groundbreaking performance have made it one of the most coveted collector cars of the 1980s.

Filters

Sale date

From
To

No cars found

The cost of a Ferrari 288 GTO has appreciated significantly since its original release. As a rare and highly sought-after collector's item, prices for the 288 GTO have consistently risen over the years.

Current market values for the Ferrari 288 GTO typically range from:

  • €2,000,000 to €3,500,000

Factors influencing the price include:

  • Condition and originality
  • Mileage
  • Provenance and ownership history
  • Documentation and Ferrari Classiche certification
  • Rarity of specific options or colors

It's important to note that these prices are approximate and can fluctuate based on market conditions and the specific characteristics of individual cars. The 288 GTO's limited production run of only 272 units contributes to its high value and desirability among collectors.

As the Ferrari 288 GTO ended production in 1987, it is not possible to purchase a new 288 GTO directly from Ferrari. All existing 288 GTOs are now considered classic or vintage cars.

However, for those seeking a modern Ferrari with similar characteristics to the 288 GTO, Ferrari offers contemporary supercars and limited-edition models. The pricing of these modern Ferraris depends on various factors, including:

  • Model (e.g., SF90 Stradale, 812 Competizione, Monza SP1/SP2)
  • Limited edition status and production numbers
  • Performance specifications and technology
  • Customization options and special features
  • Exclusivity and waiting list status

New flagship Ferrari models typically range from approximately €500,000 for series production cars to over €2,000,000 for limited-edition hypercars. While these modern Ferraris offer cutting-edge technology and performance, they cannot replicate the historical significance and investment potential of the original 288 GTO.

The cost of a used Ferrari 288 GTO can vary significantly based on several factors. As all 288 GTOs are now over 30 years old, they are considered collector cars, and their prices reflect their rarity and historical importance. Current market values for used Ferrari 288 GTOs typically range from:

  • €2,000,000 to €3,500,000

Key factors influencing the price of a used 288 GTO include:

  • Overall condition and level of originality
  • Mileage (lower mileage examples command higher prices)
  • Provenance and ownership history
  • Completeness of documentation and service records
  • Ferrari Classiche certification status
  • Rarity of color combination or optional equipment
  • Market trends and demand among collectors

It's important to note that these prices are indicative and can fluctuate based on market trends and the specific attributes of individual cars. Some exceptional examples with unique history or in pristine condition might command even higher prices.

When considering the purchase of a used Ferrari 288 GTO, potential buyers should:

  • Conduct thorough research on the specific car's history
  • Obtain expert appraisals and inspections
  • Verify the authenticity and matching numbers of major components
  • Consider the long-term storage and maintenance costs
  • Be prepared for a highly competitive market, as these cars rarely come up for sale

The Ferrari 288 GTO market is highly specialized, and transactions often occur through high-end auction houses, specialized dealers, or private sales. Due to their rarity and value, purchasing a 288 GTO requires careful consideration and often involves significant investment beyond the initial purchase price for proper care and maintenance.