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Most Expensive Car Crash Ever: $30 Million Ferrari

Think back to the last time you crashed your car. What did it cost to repair? A few thousand maybe. How would you like to be the person who crashed into a $30 million Ferrari?

Not just any Ferrari either. There were only 39 Ferrari 250 GTOs built between 1962 and 1964. Last week an intrepid motorist crashed into the 250 GTO owned by Christopher and Ann Cox during a gathering in central France to mark the 50th anniversary of the car’s production. Mrs. Cox suffered a broken leg and Christopher Cox had minor scrapes. It appears as though the entire front end of the 250 GTO along with its 300-hp V-12 were demolished.

Despite its rarity, there is a light at the end of the tunnel. Ferrari operates a restoration company, Ferrari Classiche. The units sole purpose is to rebuild and service old Ferraris. This allows it to provide a stamp of authenticity, even to cars with all-new bodies and rebuilt engines. Thanks to Ferrari Classiche there is no such thing as a totaled 250 GTO.