Rare burnt out Ferrari goes up for auction for £1.2million
The £1.2 million Ferrari wreck: Rare sports car burnt out more than 60 years ago goes up for auction
- 1954 Ferrari 500 Mondial Spider caught fire after a crash nearly 60 years ago
- There are no wheels or interior and little trace of the racing car’s scarlet paint
- READ MORE: Collector to sell-off 86 classic cars in £12million garage clear-out
It’s little more than a buckled and corroded shell.
But it happens to be the shell of a rare Ferrari, so that means this wreck is expected to sell for more than £1.2million.
Also thrown in is an engine – though that comes from another car. The wreck is being described, with a touch of understatement, as an ‘intriguing restoration project’ for a car enthusiast.
The 1954 Ferrari 500 Mondial Spider caught fire after a crash while racing nearly 60 years ago. There are no wheels or interior and little trace of its scarlet paint.
It could do 0-60mph in 5.9 seconds and boasted a top speed of 146mph. The car was used in track races in Europe including in the Imola Grand Prix, in Italy, the year it was made.
It’s little more than a buckled and corroded shell. But it happens to be the shell of a rare Ferrari, so that means this wreck is expected to sell for more than £1.2million
The 1954 Ferrari 500 Mondial Spider caught fire after a crash while racing nearly 60 years ago. There are no wheels or interior and little trace of its scarlet paint
Also thrown in is an engine – though that comes from another car. The wreck is being described, with a touch of understatement, as an ‘intriguing restoration project’ for a car enthusiast
In 1958 it was exported to the United States, taking part in races there and changing hands several times.
In 1963 its owner – according to the listing from RM Sotheby’s, a classic car seller that’s part owned by Sotheby’s – ‘replaced the original engine with an American V-8, a common practice at that time’.
The listing adds: ‘At some point over the following two years the Mondial was crashed and suffered fire damage.’
The listing says the shell changed hands several times, ‘preserved in its race-damaged condition’.
It is among 20 Ferraris for sale in RM Sotheby’s Lost and Found collection. Rob Myers, RM Sotheby’s CEO, said: ‘While a select group of Ferrari collectors knew about the existence of these extraordinary cars, the rest of the world remained unaware.
‘This represents a once-in-a-lifetime opportunity for enthusiasts to acquire these iconic Ferraris.’
The estimate on the 1954 Ferrari 500 Mondial Spider is up to £1.27million ($1.6million) when the auction takes place in August in Monterey, California.
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