Billionaire Christopher Cox $30 million Ferrari 250 GTO car crash
Produced by the automotive marvel Ferrari from 1962 to 1964, the Ferrari 250 GTO ‘Gran Turismo Omologata’ was the car that summed up Ferrari‘s philosophy best; the highest level of performance, power and styling. And, with only a relatively small production of 39-cars, this artistically crafted machinery has become one of the icons of Ferrari production history, with a revered position in collector’s circles. With the recent sale of apple green 1962 Ferrari 250 GTO built for Britain’s racing driver Sir Stirling Craufurd Moss for $35 million to become world’s most expensive Ferrari, besides the sale of 1963 Ferrari 250 GTO for $32 million, it becomes apparent that affluent collectors happily splash out multi-million dollars to own one as investment, and at times, to keep it under lock in climate-controlled garages. Now, to one’s surprise, one such affluent collector, the multi-millionaire American investor Christopher Cox has recently crashed his Ferrari 250 GTO out on track as part of the legendary model’s 50th anniversary tour in central France.
Ever since, this much-talked about investor Christopher Cox bought this rare 250 GTO, estimated to be worth more than $30 million, back in year 2005, he drives it regularly in public and even participates in numerous events around the world. Owned by Cox and his wife Ann, this particular 250 GTO example had been raced worldwide in the 1960s by a Swedish driver. Hence, it sports blue-and-yellow color scheme rather than the traditional Ferrari red.
Actually, the crash happened when one of another car collided with the Coxes, which unfortunately resulted in suffering of Ann Cox with broken legs and other injuries, while Christopher Cox had only minor scrapes. Both were immediately treated and later released from a French hospital.
Details of the accident are however very limited, but according the crash witnesses, the entire front end of the stunning 250 GTO and its 300-hp V-12 engine was wrecked. And, all this happened while Cox was taking a turn when he was hit from behind. Interestingly, it’s not the first time this particular example got crashed, as it was damaged back in year 1976 and was restored to original factory condition.
Historically, the 250 GTO model was the pinnacle of development of the 250 GT series in competition form, whilst still remaining a popular road car.