1954 Ferrari burnt-out shell fetches $2m at auction

1954 Ferrari burnt-out shell fetches $2m at auction. The auction was in the U.S. and the Ferrari caught fire during a race in the 1960s and was not touched for decades.

It was driven by Franco Cortese, Ferrari’s first racing driver. Analysts say the new buyer may want to restore it so it can race again.

The 1954 car is a 500 Mondial Spider Series I – one of 13 ever made, with a body produced by designer Pinin Farina.

In 1954, Cortese drove the Mondial to a 14th overall finish at the Mille Miglia, a 1,000-mile (1,600km) race through Italy.

Over the years, the Mondial crashed numerous times and suffered fire damage.

In 1978, it was bought by a US collector who preserved the 1954 Ferrari burnt-out shell it in its damaged condition.

In 2004 the car was discovered – alongside 19 other Ferraris – when a hurricane blew the roof off a barn where they were kept in Florida.

Auctioneer RM Sotheby’s says the vehicle will require “a comprehensive restoration to return the car to the condition of its glory days”, but the process promises to be “very rewarding”.

The burnt-out car was a part of the “Lost and Found Collection” where the other cars found in the barn also went on sale.

It’s understood the buyer is set to restore the car so it is able to race again. It was sold with the original colour copies of the factory build sheets.

Once properly refurbished, the spider promises to deliver the thrilling driving experience of Aurelio Lampredi’s inline-four – that diminutive power plant responsible for so many victories by the Scuderia Ferrari.