PDA

View Full Version : Psst! Wanna buy a Ferrari...cheap?


lspencer534
10-14-2013, 5:48pm
The first word of its demise came after salvage auction service Copart listed the car for sale in its system with a salvage title — meaning the insurer believed the wreck caused more damage than the car was worth. The post set off a debate among Ferrari owners, and word among them was that the driver had passed out behind the wheel due to a leaking exhaust dumping carbon monoxide into the cockpit, leading to a collision with a tree at 50 mph. In the photos below, you can see the spider-web fracture in the windshield where the driver hit; despite the destruction of the car, the driver survived with minor injuries.

Many Ferraris have been crunched beyond recognition on and off the track only to be restored to near-factory perfect condition. But a modern Ferraris poses a greater rebuilding challenge than older models, from hard-to-find parts to, in the instance of the F50, a carbon-fiber chassis. The replacement engine alone cost almost $100,000, and given the state of the chassis it's possible the engine and transmission could find use in some other vehicle. With bidding up to $103,000 at Copart, clearly someone sees an opportunity here.

1995 Ferrari F50 Up for Auction at Copart - YouTube

When there's ony 349 copies of a particular car, their owners and whereabouts tend to be well known, and in the case of Ferraris even the VIN numbers are often kept track of over the decades after passing through auctions. This particular F50 had more fame than most; sold for $528,000 in 2002, it had been the recipient of a new 4.7-liter V-12 from the factory after its original 513-hp unit went to the scuderia in the sky. Of the 56 F50s built by Ferrari for the United States, this one was the final one, and only one of two in black. And its more recent owners hadn't been shy about public demonstrations of its potential, as caught in a number of online videos like this one:

Ferrari F50 hard launch and flyby in NYC - YouTube

DAB
10-14-2013, 5:55pm
103k and climbing.....just a tad over my fun budget this week. Mrs. DAB says i already spent it all today on a new pair of leather work gloves. Deer hide!! :hurray:

DukeAllen
10-14-2013, 6:22pm
Hell I was expecting it to be the one that Gas Monkey ruined. I was willing to go as high as $1.75 but not a penny more :D

DAB
10-14-2013, 6:26pm
Hell I was expecting it to be the one that Gas Monkey ruined. I was willing to go as high as $1.75 but not a penny more :D

i'll loan you 25 cents if the bidding reaches 2 dolla. but i get a ride every month until you pay me back. :yesnod:

Fasglas
10-14-2013, 7:43pm
I would trust Gary Bobileff to assess the feasibility of restoring this car. Were it deemed within reason, GBM would be offered the job. No one else.

One point is certain. Money will be needed.

DukeAllen
10-14-2013, 8:08pm
i'll loan you 25 cents if the bidding reaches 2 dolla. but i get a ride every month until you pay me back. :yesnod:

Can I pay you back in food stamps? I hear they pay dollars to the penny at wal mart :D

Craig
10-14-2013, 9:55pm
Clearly the mistique of these cars has exceeded any real intrinsic value.

99 pewtercoupe
10-14-2013, 10:05pm
Here is the discussion about this car on Fchat...50K miles on this car

https://www.ferrarichat.com/forum/288gto-f40-f50-enzo-laferrari/424711-jim-spiro-ex-f50-copart.html

carlton_fritz
10-15-2013, 8:34am
Top Gear hates the F50.

ApexOversteer
10-15-2013, 1:43pm
I would trust Gary Bobileff to assess the feasibility of restoring this car. Were it deemed within reason, GBM would be offered the job. No one else.

One point is certain. Money will be needed.

I like Gary. I'd trust no one else with an Enzo-era Ferrari, or a Lamborghini, or a Maserati.

But I'd send this F50 to the only people that can fix it and fix it "right" enough for the Tifosi.

Ferrari.

The fact that Ferrari didn't fix the Algar/F.B.I. F50 is why that car is asking $850K today, and not the 7 figures these cars command.

Fasglas
10-15-2013, 8:16pm
I like Gary. I'd trust no one else with an Enzo-era Ferrari, or a Lamborghini, or a Maserati.

But I'd send this F50 to the only people that can fix it and fix it "right" enough for the Tifosi.

Ferrari.

The fact that Ferrari didn't fix the Algar/F.B.I. F50 is why that car is asking $850K today, and not the 7 figures these cars command.

Sage advice. I cannot explain why I didn't consider Ferrari, which of course, makes perfect sense. My bad.

The F50 deserves nothing less.

Maybe a proper color change, cough, Red cough, while there?

ApexOversteer
10-15-2013, 8:24pm
Sage advice. I cannot explain why I didn't consider Ferrari, which of course, makes perfect sense. My bad.

The F50 deserves nothing less.

Maybe a proper color change, cough, Red cough, while there?

Ferrari is the only one that can replace the carbon tub, if that is necessary.

It's a damn shame that this one found itself in the care of an azzhat. Hopefully it will be saved, restored correctly and the next owner will have a little more respect for it.