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FERRARI 288 GTO: BUYER'S GUIDE

Median Price: £3,137,028  •  Highest Price: £3,603,034  •  Lowest Price: £139,000  •  Sell-Through Rate: 72%

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Ferrari 288 GTO

Source: RM Sotheby's

How much is a 288 GTO worth?

In our experience, we've seen plenty of 288 GTO's go under the hammer and based on analysing every sale you can expect to pay £3,137,028 for one in average condition - that places it amongst the most expensive 1% of collector cars across our database.

As Ferrari's go, a 288 GTO is on the higher end relative to other Ferrari models. In fact this model is £3,032,508 above the median Ferrari price of £104,520.

What is the maximum to pay for a 288 GTO?

Across the 36 288 GTO's we've seen sell, the highest price ever recorded for this model is £3,603,034. It was sold by RM Sotheby's in the US on 20 Aug 2022.

See Highest Sale >

What is the lowest to pay for a 288 GTO?

Well, that depends on where you draw the threshold.

The lowest sale of all time for this vehicle is £139,000. Christies sold the car at auction in the UK on 30 Nov 1998.

When looking at more recent sales the lowest recorded price is, as you would expect, higher. Analysing every sale since 2020 shows that the lowest price between 2020 and today is £1,868,744, RM Sotheby's sold this car in the US on 29 May 2020.

See Lowest Sale >
See Lowest Sale Since 2019 >

What is the background of the make / model?

Ferrari produced this model between 1983 and 1985.

Ferrari is one of the world’s most admired luxury sports car manufacturers. The company officially launched in 1947.

However, the automaker’s legendary founder and namesake Enzo Ferrari was involved in the industry long before then.

Born in Modena, Italy in 1898, Enzo Ferrari started out as a race car driver. In the 1920s, he was made a driver with Alfa Romeo.

In 1929, Ferrari founded Scuderia Ferrari, now the official race car division for Ferrari. It began, however, as a division of Alfa that specialised in preparing race cars to gentlemen drivers.

In 1939, Enzo left his position as Head of Alfa Corse to form his own car company Auto Avio Costruzioni in his hometown of Modena, Italy with an agreement not to use the Ferrari name for at least 4 years.

Honouring his word, the company name was changed to Auto Costruzioni Ferrari in 1957. The first car to bare the name Ferrari was released the Ferrari 125 S in 1947 and they’ve been doing so ever since.

How common is a 288 GTO?

We've seen plenty of these go under the hammer at auctions around the world, 50 to be precise. It's among the collector cars to sell at auction.

Of those, 50 times the model has gone to auction 36 have sold. In other words, this model sells on 72% of times it goes to auction - that's below the average sell-through rate we traditionally see.

What is the [enter model]'s like to live with?

We know from reviews of this model by our 42,000+ strong community how this car performs across multiple variables. Those variables stack up to give a TCVScore which is a relative score of how good a car is across the 5 variables in comparison to all other cars.

For the [enter model], it scores a [enter score] out of 100 - that places it in the [enter position] of all cars in our database.

How the car scores across all variables is below:

 

Styling:

Cool Factor:

Practicality: 

Handling: 

Speed:

To understand more or add your own review, click the links below.

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Why this article was created

Well, we've got one of the largest databases of sold classic car prices in the world so we thought we ought to help and put that data to good use. To be clear though, this article is not intended to be a full tour of every nook and sill of the 288 GTO, rather it's meant to act as an introductory guide and overview of the market for this model.

It is here to provide you guidance on how much you should and shouldn't be paying for one based on the 50 we've seen previously.

If you're after more detail, we've got you covered. Click the button below to be taken to a the price guide for this model so you can see every single sale, price trend over time and lots more.

How this article was created

This article was created by looking back at sales of 288 GTO since the beginning of our database in 1992. We've scanned over 30 auction houses and results from over £15 billion of sold cars around the world to understand the where the market is at for this car.

The Classic Valuer takes that data and analytics which enables it to generate these articles at scale, for further information regarding the 288 GTO please visit the price guide linked below.

About The Author

Giles Gunning | The Classic Valuer

Giles Gunning

Giles is CEO of The Classic Valuer - one of the world's largest databases of sold classic cars in the world going back over 30 years covering over 11,000 models. Giles and The Classic Valuer are regularly referenced in key classic car publications including Classic & Sports Car.

Giles grew up around the iconic historic motorsport venue at Goodwood and enjoys his 1972 Alfa Romeo 1600 GT Junior around the Sussex roads. His primary car goal is to purchase back a selection of his grandfather's car's including his 1931 Riley Brooklands.

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