What to Read Next

Rare Ferrari F50 turns up wrecked in salvage yard bidding battle

14 October 2013

The mania for classic Ferraris that's made them the most valuable cars in the world has trickled down in recent years to a select few of the automaker's more recent vehicles. For example, the F50 supercar, of which only 349 were built back in the 1990s, have seen their prices skyrocket, with one selling for $1.7 million in August. Which makes this example seem like a steal at just $103,000 — although its location in a Connecticut insurance salvage yard and the details surrounding its arrival there have raised Ferrari aficionados' suspicions.

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:

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 — excluding damages to pride and pocketbook.

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.

Starwood Credit Card

Earn 25,000 Bonus Starpoints®! Use toward Award Nights or Flights.

Ever Googled Someone? Do A "Deep Search" Instead

Entering a Name and State on this site could reveal info you thought wasn't available. Have you searched yourself or someone you know yet?

Why Women Are Flocking to This New Shopping Site

This startup features big names like Coach, SmashBox, and Kate Spade - and unlike Amazon, Gilt or HauteLook it's fast, fun and really exciting.

Powerful Tactical Flashlight Flying Off Shelves!

This new tactical flashlight was just released to the public and is flying off shelves in the United States. Limited supplies left, act quick!

Navy Seal Flashlight Should Be Banned From Public?

Controversial Classified Military Technology Has Just Been Released To The Public. Get This Flashlight Before It's Banned Or Sold Out - Limited Supply

Hilton HHonors™ Card

Earn 40,000 Hilton HHonors™ Bonus Points. Apply for Your Card Today.

Military Mortgage Rates In 2016

Rates as Low as 2.75% (3.028% APR) 15 Year Fixed. Exclusive For Veteran & Military Takes 1 Min!

Banks Are Worried Homeowners Will Do This.

Homeowners are surprised and furious. If you owe less than $625,000 on your home, you better read this.

Read This Before You Buy Medigap Plan F

Plan F is the most popular Medicare Supplement plan, but there's another Medigap option you should consider.

9 Cards for People Who Have Great Credit

What card offers up to 5% cash back? And which one offers 24/7 concierge service? See the best credit cards of 2016. Apply online, quickly & easily.

G700 Millitary Tactical Flashlight

Get 75% Off World's Coolest and Brightest Flashlight. Check it Out Today!

Free Samples Sites- Why You Should Pay Attention

Sign up now for freebies so good you will feel guilty not paying for them! No credit card or purchase necessary.

Insane Navy Seal Flashlight, should it be banned?

The Military has recently released technology that is now available to the public. Get yours before they run out - Limited Supply!

Controversial Flashlight Should Be Banned?

A Controversial decision to ban this new military flashlight just released to the public could take effect soon. They are selling out quickly, see why