1954 junk Ferrari sold for 2 million dollars
The burnt-out parts of an old Ferrari racing car were sold at an auction in the US for nearly 2 million dollars.
Ferrari is one of the brands whose old models attract as much attention as its new models. The old models of the Italian brand are bought by collectors at great prices.
Finally, a scrap model of Ferrari found a buyer for about 2 million dollars at auction.
The second production of the 1954 Ferrari 500 Mondial Spider, of which only 13 were produced, was auctioned by RM Sothbey’s.
The car caught fire during a race in the 1960s and remained untouched for decades.
Analysts say the new buyer may want to restore the car so it can race again.
The body is by designer Pinin Farina.
It was driven by Ferrari’s first racing driver, Franco Cortese. In 1954, Cortese drove the Mondial to 14th place in the general classification in the Mille Miglia, a 1600-kilometer race in Italy.
Over the years, the Mondial crashed many times and suffered fire damage.
In 1978 it was bought by a US collector and kept in its damaged condition.
Auctioneer RM Sotheby’s says the car will need “extensive restoration to return it to the condition of its glory days”, but that the process will be “very rewarding”.
RM Sotheby’s had expected the car to sell for between $1.2 and $1.6 million, but by the end of the auction the price had risen to $1,875,000 after expenses.
The original had a 2.0-liter 4-cylinder engine, but the sold model comes with a 3.0-liter Tipo 119 Lampredi 4-cylinder engine.
1954 junk Ferrari sold for 2 million dollars
