An old Ferrari described as a 'rustbucket' complete with missing seats and holes in the floor has sold for a massive £110,000.

The 1962 250 GTE model, which was originally bought by its owner in 1973 for £800 (£4,500 today) had been in storage in a leaking barn in west Wales for 40 years when it was rediscovered.

Inside, the two front seats are missing and its gearbox, the carpet had deteriorated and the radio and control column was hanging off, leaving wires exposed.

Due to the poor state of the barn it had been kept in, the outside blue body of the car was covered in a combination of rust and lichen.

The original owner had driven the car for 10 years before placing it in storage, where it sat ever since.

https://www.dailymail.co.uk/news/article-10997567/1962-Ferrari-250-GTE-missing-seats-holes-floor-rust-sells-110-000.html

But despite its poor condition, there was no shortage of interest.

Experts say the new owner could be looking at splashing £150,000 on restoring the 60-year-old car but when it is complete, it could be worth over £250,000.

I thought cars were liabilities like nigerian women.

You can see theres no rule to anything.

Seen

What is even wrong with the white?

Explorers:
But despite its poor condition, there was no shortage of interest.

Experts say the new owner could be looking at splashing £150,000 on restoring the 60-year-old car but when it is complete, it could be worth over £250,000.

And someone would want to be driving this thing??
E no go get AC and automatic electronic controls naa

Good business man.. he could resell for £400,000 cos it's a Ferrari and rich whites spend money like ritualists

BluntCrazeMan:
And someone would want to be driving this thing??
E no go get AC and automatic electronic controls naa

some people actually hate electronics because it can be easily manipulated remotely

I use this as a point of prayer!!

Father lord, if my destiny has been covered like this car, may people who value me find me quick quick in Jesus name!!

CHECK MY SIGNATURE! I AM THE PHOTOGRAPHER YOU HAVE BEEN LOOKING FOR!!

BluntCrazeMan:
And someone would want to be driving this thing??
E no go get AC and automatic electronic controls naa

Dem go fix am

Thantayo:
I thought cars were liabilities like nigerian women.

You can see theres no rule to anything.

this is not an ordinary car, it is a classic, that car will be worth millions in years to come. Same thing with old wines, the older,the more expensive.

Texas metal pple oya ooo!

Chaiiii
A Nigeria man will have break it into pieces and sold it for a far less price

BluntCrazeMan:
And someone would want to be driving this thing??
E no go get AC and automatic electronic controls naa

Many of the hyper cars today don't have AC and the value of these rides is having something only a few select people also have.

A whopping ₦55Million, Meanwhile my dad's old vintage Benz packed since time immemorial, nobody don come price am ₦1naira, Nigeria bad o! But who knows I might sell at good price.



Moral Lesson: no matter how old or long your situation is, something valuable is coming your way, can you say a thunderous amen to that?

DispatcherLagos:
What is even wrong with the white?

The joy no be here. If I get money eh, I go fill my garage with vintage cars starting with 69 dodge charger.

If na nigeria, aboki for don butcha am

Wow for that amount, no be small thing

Ferrari of value..

Whoever bought that car should be related to Buhari because wasting of money is what they have in common.

Things like this dey make me ask at times say who I offend before coming to this world or after I enter this world... The matter no just clear.

Thantayo:
I thought cars were liabilities like nigerian women.

You can see theres no rule to anything.

It's a vintage car not just an ordinary car.

Money whaaattt
Laundry!!!!

With vintage car its all about class and having a product that is scarce. E.g you have a tesla, OK thats cool but look at my vintage 1962 250GTE model ferrari. even if you can afford it you cant have it because its scarce and ofcourse out of production. so get your toy outta d way lil kiddie go play.its like an investment as the price grows with time

I can show you how to buy x10 of this car

explorer on the beat ,. e don they I see your thread for fp

I thought cars were liabilities like nigerian women.

You can see theres no rule to anything.

...Nigerian...
...there's...