Join Date: Aug 2007
Ferrari Life Posts: 1,130
I just watched the F40 Fast n Loud episode again. Hugely entertaining! Their backer paid $400,000 for the wreck. They spent $295,000 on parts on labour. Backer paid them $400,000 for their trouble thus spending $800,000 in total.
Mantra during the rebuild seemed to be, we are short of money and need to sell this fast. In a hurry and on a tight budget not ideal when bringing an exotic back to life. Nonetheless they berated Ferrari for not getting it right the first time as they had. To quote the head honcho, "yeah what's with that Ferrari!" Great laugh out loud moment!
The later auction result of $675,000 suggests that the market does not agree with them that they got it right where Ferrari got it wrong.
Current: 365BB, 550 bluebird and a few 911's
Past: 246gt, 512BB, 308 GTB "Michalone" and a few 911's