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September 12, 2008
Stolen Ferrari Recovered After Fifteen Years
By Rob Einaudi
Editor-in-Chief
When this 1957/58 Ferrari 250 GT Cabriolet was stolen in Spain in 1993, the Swiss owner refused the insurance settlement, reasoning that the car was so rare (one of just 40 built), it would pop up eventually. Well, he was right. The car recently surfaced in Connecticut, where it was being driving and entered in car shows by a man who paid $550,000 for it in 2000, and who claimed he did not know that car was stolen. Current value is estimated at $4 million, and needless to say, the ignorant guy in Connecticut isn’t getting his money back. Full story at Old Cars Weekly.
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Don
Sep 14, 2008 at 5:55 am
Hmmm… paid $550,000… drove AND raced it for 8 years… 8 years X 12 months = 96 months… 550000/96 = $5,728.17 per month to “rent” a one-of-a-kind classic.
Still sucks.
Son Of a Beach
Sep 13, 2008 at 4:52 pm
Man, that’s $550,000 worth of Sucks to be you!
calichevylover
Sep 12, 2008 at 1:28 pm
wwwoooww well if ur gonna drop half a mil on an extremely rare car like that, you’d think u would go to great lengths verifying it’s authenticity…i think he should have found out about the phony vin
andrew
Sep 12, 2008 at 11:07 am
Ferrari is such a Wonderful auto.
Nes.
Sep 12, 2008 at 10:21 am
jajajajajajaja ah this made my morning! now everything i feel down or bad i will think of this guy in connecticut