We typically hold the position that cars, regardless of value, are meant to be driven. But when a multi-million dollar Ferrari 250 GTO smashed into a wall on Friday, during the annual Goodwood Revival event, we were reminded why some folks resort to leaving their prized possessions tucked away.
As Andy Newall piloted a 1 of 3 1964 Ferrari 250 GTO/64 around the track, he caught up to a red Rossolini LM Classic. Following the car into a right turn, Newall swerves to avoid rear-ending the also priceless LM as it brakes mid-corner, causing Newall to lose control of his vehicle. The Ferrari 250 GTO then careens into the wall, causing extensive damage to the entire right side.
According to Hagerty, a Ferrari 250 GTO in concours condition can be worth up to – wait for it – $64,000,000 USD. To put that in perspective, that’s nearly 6.5 times the value of the final LaFerrari Aperta, which recently sold for a record-breaking $10,000,000 USD, which made it the most expensive 21st century car of all time.
We extend our sympathies to Newall, though we’re sure he’s already figuring out how to make the necessary repairs to his Ferrari 250 GTO.
And on that note, we’ll let you watch the video above to see how the action unfolded.