Wealth Report: Most Expensive Car Wrecks
By Paul Springer
The lure of luxury sports cars is powerful – and costly. Two decades ago, it was rare for a new vehicle to cost more than a few hundred grand. Now that’s entry level, and many high end rigs, like the Bugatti Veyron, cost well over a million dollars.
A secondary fascination has developed around the destruction of such vehicles, and we provide a shocking look at the best, or rather the worst vehicular debacles. While poor judgment is often the cause, mother nature too steps in to step on million dollar cars.
5. Eddie Griffin wrecks Ferrari Enzo. The car was in California, when the Undercover Brother star drove the vehicle into a concrete pylon. The cost: $1.2 million. The publicity value – priceless! (Griffin was unharmed, and we exclude crashes involving known injury.)
4. McLaren F1 Goes up in $2 million bonfire. Only 72 of these beasts were made street legal, and Carscoop says this one caught on fire for reasons unknown.
3. Lamborghini Gallardo destroyed by a grease monkey on a test drive. This Jalopnik post has some interesting information on the valuation of exotic cars and how it’s affected by crash history. (Also see this Jalopnik post on the joys of insuring high line sports cars.)
2. 1961 Ferrari 250 GT Spyder: While trashed supercars usually get that way in collisions, sketchy reports in the media say this car was purchased for $10 million and then destroyed by a hurricane. Some reports plausibly say the vehicle was destroyed in Florida, others in California. Hurricanes are not common on the left coast, so we have doubts on this particular car. Here’s one version at WreckedExotics.com.
1. Well, it is pretty much the most expensive new car around, so it’s only fitting that a smacked $1.6 million Bugatti Veyron is at the top of the list. The Examiner.com reports on this Veyron’s totaling during a test drive. Veyrons have also been wrecked by water and collision.
Like the old saying about not being able to afford something if you have to ask its price, we doubt any of the folks who actually owned the keys to these beasts really needed to worry too much about their insurance payments going up. But one has to wonder – how nervous do you get driving a million dollars down the road?
Related posts:
- Short Report: Who’s Unloading What?Short selling’s ugly loss potential is a bit more palatable in times of low volatility, and there’s plenty...
- Robb Report: Mercedes Electric Gullwing on the WayThe Mercedes electric gullwing due out in 2013 will do 0-60 in four seconds. Relevant specs include 525...
Short URL: http://www.traderdaily.com/?p=8060
