Foreclosed Ferraris

Written by Jim the Realtor

August 31, 2012

Hat tip to daytrip for sending this in, from jalopnik.com:

(1965 Ferrari 275 GTB above)

According to a tip from a Jalopnik reader, the owner of 12 Ferraris — plus an incongruous but very cool Ford Thunderbird — also owned a real estate company that went bankrupt. Unfortunately, he had all the cars parked in a building owned by the company, so they’re up for auction now.

Nice one, genius, next time, build a 15-car garage at home before you go bankrupt so that you can keep your cars until you default on the mortgage.

There are some real gems in the collection, including a 1985 308 GTB Quattrovalvole starting at a bargain basement $21,000, as well as an absolutely gorgeous 1965 275 GTB. Bidding on that one will begin at a not-so-modest $502,000, but you get what you pay for; it’s sex on wheels.

Also up for auction are two 328 GTSs, a 348 TS, a 365 GTB4 Daytona, a 456 GT, a 456 GT, a F355 Berlinetta, a Mondial T, two Testarossas, and a 1990 F40 that someone has decided to start at $226,000.

1990 Ferrari F40:

1985 Ferrari 308 GTB Quattrovalvole:

1990 Ferrari Testarossa:

1972 Ferrari 365 GTB4 Daytona:

9 Comments

  1. Thaylor Harmor

    Well I guess the lender will be able to make their money back on the property.

  2. pat b

    The cars should be separately titled, unless they were owned by the real estate company, they shouldn’t transfer, unless someone rehypothcated them

  3. Just some guy

    I worked as a Valet in college and I drove….errr….parked an F40. It didn’t have door panels or door handles. It had a cable that ran the length of the door that pulled to open from the inside. The owner told me he paid 350k at the time (circa 1993).

    For 350k, I would like a door handle.

  4. Car lover

    To “just some guy”
    You obviously don’t know anything about the F40. That car is a gem. The last vehicle made by Mr Enzo himself. It was the fastest production vehicle at the time, pure minimalist vehicle. Only the bare essentials.

  5. shadash

    Just because the F40 was the last Ferrari built by Enzo doesn’t change the fact that it’s not a practical car. Using a cable instead of a door handle is good for a race car but might prove to be a problem in a street car. If you ever got into an accident and didn’t have a support team ready to pull you out you’d be SOL.

    On the other hand if you can afford a F40 you can probably afford a support team to follow everywhere you go. 😉

  6. Just some guy

    @Car lover

    Take it easy….I was only being snarky.

  7. andrewa

    Shadash, I dont know about the F40 but from personal experience if you have either a Maserati Sebring 3500 GTI or the 365 GTB4 if you drive them from Johannesburg to Harare and back to have new windscreens made they will cease to function 4 times more often than the 1964 VW Kombi support vehicle. Yes you will need the support team!-Jim, if you need any auto glass that is “unavailable” in the states, if you have a sample PG Glass in Harare zimbabwe will make it for you at the same price as any other windscreen of the same area, ALL auto glass in Zimbabwe is individually hand made on a machine built in Rhodesia in 1967.

Klinge Realty Group - Compass

Jim Klinge
Klinge Realty Group

Are you looking for an experienced agent to help you buy or sell a home?

Contact Jim the Realtor!

CA DRE #01527365CA DRE #00873197

Pin It on Pinterest