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Racing Car

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Burnt-out shell of 1954 Ferrari fetches $2m at auction

Apr 27,2020 12:39 pm

The burnt-out shell of an old Ferrari Racing Car has sold at auction in the US for nearly $2m (£1. 5m).

It caught fire during a race in the 1960s and was not touched for decades.

It was driven by Franco Cortese , Ferrari's first racing driver. Analysts say the new buyer may want to restore it so it can race again.

The 1954 car is a 500 Mondial Spider Series I - One of 13 ever made, with a body produced by designer Pinin Farina.

In 1954, Cortese drove the Mondial to a 14th overall finish at the Mille Miglia, a 1,000-mile (1,600km) race through Italy.

Over The Years , the Mondial crashed numerous times and suffered fire damage.

In 1978, it was bought by a US collector who preserved it in its damaged condition.

In 2004 The Car was discovered - alongside 19 other Ferraris - When a hurricane blew The Roof off a barn where they were kept in Florida.

Auctioneer RM Sotheby's says The Vehicle will require " a comprehensive restoration to return The Car to the condition of its glory days" but The Process promises to be " very rewarding".

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Source of news: bbc.com

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