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A junk-looking Ferrari has fetched millions at auction.
It caught fire during a race in the 1960s.
The vehicle was once the property of former Ferrari factory driver Franco Cortez.
New Delhi: Ferrari is one such super car that everyone is crazy about. Its speed attracts almost everyone to it. If one thinks to buy it, he will buy new. But one such case has come up which you will be shocked to hear. In fact, a badly damaged Ferrari has been sold for $1.8 million (roughly Rs. 15 crore). This wrecked Ferrari caught fire during a race in the 1960s.
According to a CNN report, this Ferrari car looks like it was pulled straight out of a junkyard. This is a 1954 Ferrari 500 Mondial Spider Series I. The car fetched US$1,875,000 (roughly Rs. 15 crore) at RM Sotheby’s Monterey auction. It is also known by the chassis number, 0406 MD. It was originally built with a body by the famous Italian design firm Pininfarina. The vehicle was once the property of former Ferrari factory driver Franco Cortez, who purchased the car in 1954 with the intention of driving it on the racetrack.
A car caught fire during a race in the 1960s. The last recorded transfer of its ownership was in the year 1978. It was then preserved in a damaged condition for 45 years. This is a Ferrari without wheels. However, it still retains its original chassis plates, gearbox, rear axle corners and its 3.0-litre Tipo 119 Lampredi inline-four engine.
What is the buyer’s motive?
Now let’s talk about its buyer’s intent. So the buyer of a wrecked Ferrari wants to restore it to its former glory so it can race once again. The year 2008 is the most expensive Ferrari ever sold. It was a 1962 Ferrari 250 GTO, priced at US$48.4 million. The car was also auctioned by RM Sotheby’s.
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Tags: World news, World News in Hindi
First published: August 20, 2023, 15:42 IST