Buying a new car can be expensive -- especially if it's a luxury vehicle.
Apparently, it doesn't matter if the luxury vehicle is a dented, destroyed and burnt-out shell of itself.
At an RM Sotheby’s auction in California, a 1954 Ferrari Mondial Spider Series I was sold for $1.875 million.
The vehicle, which was one of 13 ever made, was wrecked and burned in a motor race sometime in the 1960s, according to the auction website. It was originally raced in 1954 by ex-Scuderia Ferrari team driver Franco Cortese, who is famous for piloting the first Ferrari built to their first overall victory in 1947.
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Here's what the Ferrari looked like in its heyday:
© Archivio Foto Locchi Florence
The four-cylinder car specialized in driving on tracks with many curves and few straightaways, where a smaller engine was preferred.
Along with the shell of the car, the engine was included in the auction price.
©2023 Courtesy of RM Sotheby's
The car was previously owned by Walter Medlin, a real estate agent who preserved its race-damaged condition.
U.S. & World
The new buyer is undisclosed.
