$30 million Ferrari crashes in France

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1962 Ferrari 250 GTO

A 1962 Ferrari 250 GTO. Image: mashleymorgan/Flickr/CC BY-SA

A Ferrari 250 GTO, valued at more than $30 million, has crashed at an event in France celebrating the make. The collision left three people injured. Some are saying it may well be the most pricey car accident of all time.

Fifty years of Ferrari

On July 6, an event celebrating the fiftieth anniversary of the luxury sports car was held in France. According to the Los Angeles Times, 23 classic Ferraris took place in the event. One of them was driven by the drummer for Pink Floyd, Nick Mason.

According to Sports Car Digest, the cars were to touring the country from track to track, with the Le Mans Classic as their final destination.

Classic Ferrari 250 GTO

Among the vehicles present was the nearly $31 million blue and yellow 1962 classic Ferrari 250 GTO that is owned and driven by the  American investor, Christopher Cox. He bought the car seven years ago. Cox’s wife Ann was with him in the cockpit at the time of the accident.

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The car is a rare model sometimes called the “Picasso of motoring.” It is one of only 39 in existence. At one time, it was red, but it was painted blue and white in 1963. It has been clocked at 174 m.p.h. and originally sold for about $9,000.

Another Ferrari 250 GTO, this one mint-green, recently sold at auction for $35 million.

Crashed in France

Then, at the Reims-Gueux race track near the town of Blois, Cox’s Ferrari collided with another car, according to England’s Metro news website.

Although the amount of damage the car suffered remains sketchy, Mrs. Cox was said to have suffered a broken leg in the crash. Cox himself was apparently uninjured, but two passengers in the vehicle he collided with were also hospitalized, said the Metro.

Not its first crash

The car also crashed in 1976, long before it was owned by Cox. It was restored to mint condition before that 2005 transaction took place, however.

Will it be seen again?

Let’s hope that Cox’s Ferrari is salvageable and that we will see it at other events. The danger is that he will stick the trophy away in a climate-controlled garage, as other collectors do, now that he knows his pricey baby is not indestructible.


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