Radio 2 DJ Chris Evans has splashed out £12m on a rare 1960s Ferrari. Why are classic cars like this so valuable? And which ones are fetching the highest prices? Vintage vehicles are becoming increasingly highly prized as a growing number of collectors around the world compete to buy the very best and rarest models. The 1963 Ferrari 250 GTO bought by Evans is one of just 36 that were built by the famous Italian firm, and is viewed by many experts as the most desirable car of its type because of its beauty and history. The DJ bought another Ferrari, this time a 250 GT SWB California Spyder once owned by Hollywood actor James Coburn, for £5m in 2008. But Chris Routledge of Coys auctioneers described Evans’ most recent purchase, which cost £6,000 when new, as the “Holy Grail” for many collectors. He said: “The 250 GTO is considered to be the ultimate in terms of its beauty and racing pedigree. “They are very, very rare. They are seen as the Holy Grail of motor cars.” More