Ferrari bash claims priciest crash

2012-07-12 11:26

A US businessman was party to one of the world’s priciest car crashes after his R250-million Ferrari 250 GTO collided with another car.

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The Daily Mail reports Christopher Cox was driving the 250 GTO, estimated to be worth about $30-million (R250-million), when he collided with another car.

Only 36 units of the Italian sports car were built between 1962 and 1964.


Cox and his wife Ann, who is reported to have broken a leg in the accident, were on a five-day tour to celebrate the Ferrari icon’s 50th anniversary. The convoy was en route to Le Mans when the accident occurred.

The 250 GTO is powered by a 225kW/294Nm 3-litre V12 and has a top speed of 285km/h.

According to the Daily Mail, Cox’s car bore the chassis number 3445GT when it left Ferrari’s Maranello factory in April, 1962.

The car, which was initially red, was resprayed blue with a yellow stripe in 1963 to honour Swedish racing driver Ulf Norinder. It was crashed in 1976 and underwent a full restoration before it was bought by Cox in 2005.

A green 250 GTO built for Sir Stirling Moss was sold for £22.7million (R292.6-million) in June, 2012.

  • jacques.teebs - 2012-07-12 17:14

    His insurance company must be having a collective heart attack! I can see them trying to wriggle their way out of this one. Snakes.

  • kylie.rademeyer - 2012-07-12 17:57

    Talking Ferraris have a look at rare Auction taking place in Johannesburg on Ferrari F1 F50 and Others at www.justauctions.co.za

  • nbasson - 2012-07-12 22:37

    It will be repaired, no big deal. At least he drives it.

      mogo.naut - 2012-07-13 16:40

      Yeah I'm glad it doesn't sit in his garage show room collecting dust!! And Besides, Just because the car is rare and worth a gazillion dollars, doesn't mean the repair job will be just as high anyway. A good garage can repair it in a fraction, of a fraction, of fraction of the price :o

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