You might recall the tale of the FBI and U.S. Department of Justice being sued earlier this year for wrecking a Ferrari F50. The F50 was stolen from its owner in 2003, after which the insurance company, Motors Insurance, reimbursed the owner for the loss. The feds then recovered the stolen scarlet screamer during a sting operation and held it in FBI custody in Kentucky. At some point, it needed to be moved out of its impound garage, but instead of making it safely to another garage, it got wrapp
The F50 is the rarest of the Ferrari supercars. Just 349 examples were built, all of which were initially leased to prevent owners from immediately turning and selling them for a profit. Current examples are worth something around three-quarters of a million dollars.
The story of the 1996 Ferrari F50 that was stolen from a Pennsylvania dealership, lost for five years, then crashed by two FBI agents, has gained some plot twists. The story begins in 2003 with Tom Baker, an airline pilot with a love for all things Ferrari and a serious talent for slick talking. It ends with an insurance company locked in litigation with the Department of Justice, trying to recover the $625,000 it paid Algar Ferrari/Maserati for the now-worthless Ferrari.
The Federal Bureau of Investigation and the U.S. Department of Justice have landed themselves in hot water over the destruction of a Ferrari F50. According to The Detroit News, the vehicle was reported stolen from a dealership in Rosemont, Pennsylvania in 2003, and the dealer made and insurance claim for the sum of $750,000 at that time. Michigan-based Motors Insurance Corp. shelled out the cash, and in August 2008, the FBI recovered the vehicle in Kentucky. At that time, the FBI stored the vehi
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Click the above image for a closer look at the assembled Ferraris
To commemorate the 60th anniversary of the Prancing Horse, VOD Cars has put together a compilation video that's a must watch for Fezza fetishists. Justifiably, there have been plenty of complaints about certain automotive vids whose producers are predisposed to bad music choices, masking the real aural wonders that are purportedly the focus of the flick. This isn't one of them, so click on through to enjoy.
We've had a few wood-themed posts here of late, but the work of Italian artist Livio De Marchi is in a class all its own. He's worked with many materials, but has settled on wood now, making everything from lifelike clothing (remarkable to look at, really) to the the reason you see him here today -- life-sized cars.