This Fire-Wrecked Ferrari 512 Has Just Sold For About $40,000

When buying a $40,000 used car it’s usual to insist that it has, oh, you know, an engine, or an interior you can sit in. At that price it would be fair enough to ask that it drove well, too.

However, this 1983 Ferrari 512 offers none of that. It has been pretty much obliterated from the front bulkhead backwards in a fire that must have started somewhere amidships. Despite that, it has just sold for, we believe, around the $40,000 mark after bids were recorded just hours ago at $39,750.

How this rusted, near-useless mess of barbecue charcoal could possibly be worth more than a brand new Honda Civic Type R (before infuriating dealer mark-ups, anyway) we can’t fathom.

The fire has gutted the interior; it’s now unquestionably useless to any living thing that doesn’t feed on oxidised metal. The engine might look okay at a glance, but judging by the destruction around it, the fire must have burned hot in the engine bay and we wouldn’t trust the key components not to be damaged.

The gearbox is probably trashed, too. The listing states it’s an automatic despite us being clearly able to see the gate of the manual gearbox in the pictures. We’d be amazed if it was unscathed, but if it was low enough to be out of the worst of the heat, you never know.

It’s the front end where perhaps some value still lies. It has only light damage, and if you already own a 512 with front end damage, perhaps this one will let you fix yours. Still, that’s a lot of cash just for some spares…

Source: CarScoops