I was reading somewhere that the GTO prices tailed off after the stock market crash in '87 and are now slowly climbing its way back to 8 figures ....
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lol, id never spend that kind of money on a car. especially one that old. you cant even drive it!! come on... Id much rather get a Ford GT, or maybe a bit of a higher end sports car... but never something like this.
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You'd be surprised that quite a few of these cars get driven - Nick Mason, Anthony Bamford, Tony Wang and a couple other owners exercise their GTOs on race tracks ...
The price is so high due to rarity (~33 exist today), well known provenance, exceptional beauty. But the guy who bought it for USD 12 or 15 MM must be still smarting ....