Video: Million-Dollar 1964 Ferrari 250 GTO Crashes At Goodwood Revival

(Credit: Mike Hewitt /Allsport)
(Credit: Mike Hewitt /Allsport) /

A classic 1964 Ferrari 250 GTO is expensive to acquire and maintain. And that’s precisely why this crash at Goodwood Revival is painful to watch.

At $38.1 million, the 1962 Ferrari 250 GTO still holds the record for the most expensive car ever sold at auction. A 1964 Ferrari 250 GTO/64 Series II may not beat that astronomical sum. But it’s still among the most valuable and sought-after classic cars in the world, with one of those rare automotive masterpieces fetching all of $32 million in 2012. So, when an example of the such a machine crashes, it’s going to make it to the front page. And that’s exactly what happened at this year’s Goodwood Revival event.

Every year, owners of classic cars turn up at the event to race their rare and exotic machines from the past on the track. They drive to their heart’s content and sometimes they push these machines beyond their skills and limitations. Or it’s just a bad day for someone else who shares the track with them. Anyway, that’s when things go haywire

A video has surfaced on the Goodwood Road & Racing’s YouTube channel, showing a 1964 Ferrari 250 GTO/64 Series II driven by Andy Newall having a very unpleasant day on the race track. Newell was attempting to overtake the 250 LM in front of him during the RAC TT qualifying lap and the latter stepped on the brakes mid-corner.

The Ferrari 250 GTO is often regarded as one of the most beautiful cars in automotive history.

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Newell tried to avoid crashing into the rear of the fellow track user’s million-dollar exotic and the swift steering input sent the Ferrari 250 GTO spinning out of the tarmac course, skidding over the grass patch, before slamming against the tire barrier.

The rear section made contact first and then the entire driver side of the race car took the hit. While the complete details on the scale of damage is yet to surface online, the video does show a heavily-mangled rear with the driver side door partially dislocated from its hinges and an enormous dent running across the long side fender.

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Only three of these cars exist today. It’s going to cost the owner a lot of money to put this beauty back together to it previous and glorious form. However, there’ll still be a number of wealthy car collectors willing to part with millions to buy it from its current owner, despite this recent Goodwood Revival crash incident.

Source: YouTube (Goodwood Road & Racing Channel), Auto Express