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Ferrari 250 GTO valued at $31 Million Crashed In France

By Adrian Prisca


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The hearts of those who love classic Ferraris will definitely throb at this – a rare 1962 Ferrari 250 GTO has recently been crashed in France, maybe the world’s most expensive car crash. The car, valued at a staggering $31 million, belongs to the American businessman Christopher Cox.

He was driving the car at the time of the accident, smashing into another car last week, during a trip to commemorate the 50th anniversary of the model. He was on his way to Le Mans, among a convoy of Ferrari fans, at the time when the accident took place, in central France, on Friday, near Blois.

The accident has awarded Mr. Cox’s wife with a broken leg, while the businessman seemed to escape unharmed. The other vehicle was carrying two passengers, both of them having been taken to a nearby hospital.

The car he crashed rolled out of Ferrari’s factory during April 1962. The series featured only 39 models. The 174 mph (280 km/h) sports car, at that time, was sold for $11,000, painted in red. It was later repainted blue, with a yellow central stripe in 1963. Its first incident was a crash in 1976, but was reconditioned before Christopher Cox bought it in 2005.

The current price for the cars in this Ferrari series are exploding, a green model built for Stirling Moss was sold last month (we’ve already presented the event) for a mind-boggling $35 million – a record in automotive history.

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About Adrian Prisca

Founder of Luxatic and countless other projects, Adrian has shaped this website into a go-to source for discerning readers looking for the latest in luxury products and experiences. He has over 15 years of experience in creating, managing and publishing lifestyle content across numerous platforms and he’s considered a leading voice in the luxury industry. Learn more about Luxatic's Editorial Process.

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