Ferrari 250 GTO sale record at $52M
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Records are made to be broken, and it seems that one may have just been snapped again. An Italian website is reporting that a Ferrari 250 GTO, owned by American collector Paul Pappalardo, recently sold for $52 million.
Now, this is far from confirmed – Pappalardo responded to questions about the sale saying, “I do not confirm these things, I have no comment about!” – and if it’s a private sale, it’s unlikely that we’ll ever know the exact amount of the transaction. If that figure is correct, though, it easily eclipses the $35 million made in a 250 GTO sale in April of 2012, as well as the $27.5-million sale of a 1967 Ferrari 275 GTB/4 NART Spider sold at RM’s Monterey auctions in August.
What makes a car that had 39 examples built more valuable than one that had only 10 units produced? Racing pedigree. The 250 GTO is a racing legend, with each car having a unique provenance that is more than enough to add some serious value. According to 0-100.it, the GTO in question, 5111GT, found its first owner in French racer and winner of the 1964 24 Hours of Le Mans, Jean Guichet, back in 1963. The Frenchman used the V12-powered racer to win the GT category of the Tour de France Automobile in that same year.
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Rene Magritte’s lost painting found at the MoMA! October 6, 2013 by Ken McGavin |
| Rene Magritte has always been one of my favorite artists as there’s a smirky undertone to his paintings that continues to captivate me. Well it seems that Magritte continues to smirk at the artworld from beyond the grave as his infamous painting “The Enchanted Pose”, which was believed to have been lost to time, has been discovered at the MoMA behind a couple of his other paintings! Originally sourced from Huffpost Arts & Culture Art historians have toiled over the mystery of a missing Rene Magritte painting for years, with many assuming his work, “The Enchanted Pose,” had been lost or destroyed. Yet a recent discovery at the Museum of Modern Art may have proved that the elusive artwork has been hiding in plain sight this entire time. Yes, apparently the surrealist trickster par excellence can pull a fast one even from beyond the grave. |
Amazing Sculptures from Iron Nuts by Manuel Marti Moreno September 30, 2013 by Ken McGavin |
| It’s the artist’s vision that makes the art and not the media, but every now and then the media is the artist’s vision! We recently discovered an amazing series of sculptures on Unique Design Obsession Magazine (known as UDO) Take a peek at these amazing figurative sculptures made from iron nuts! For years, Spanish sculpture Manuel Martí Moreno has used his art to create forms meant to remind us of our mortality. As time passes, so do we. The intricate portraits all slowly fade into the distance, dissolving until there is seemingly nothing left. |
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