Last week, the 1962 Ferrari 250 GTO, pictured above, owned by American investor Christopher Cox and his wife Ann, worth about $30 million was hit in what has been determined as the world’s most expensive car crash.
The 250 GTO had been raced around the world by a Swedish driver in the early ’60s which explains its blue-and-yellow color scheme.
Another car collided with the Coxs’ while they were at an outing in central France with other 250 GTO owners to mark the 50th anniversary of the 250 GTO. Ann Cox suffered a few injuries including a broken leg, Christopher Cox walked away with only minor scrapes. According to witnesses who saw the photos from the crash, the entire front end of the 250 GTO and its 300-hp V-12 were wrecked.
It’s demise is likely to push up the value of the other 38 Ferrari 250 GTO’s still out there. Then again, when it comes to cars as rare as the Ferrari 250 GTO, there’s no such thing as totaled.