Fire-Damaged Ferrari 512 BB Could Somehow Sell For Over $40,000

Purchasing a Ferrari 512 BB for around $40,000 may seem like the bargain of the century but such a price tag for an utterly destroyed example seems absurd.

This 512 BB, currently being auctioned off by Copart, has attracted a highest bid of $39,750, despite being destroyed by fire and completely unrepairable.

No details about what caused the fire have been made public, but based on the images, it appears as if the fire started in either the engine bay or in the cabin. In either case, the engine and transmission have been wrecked by the flames and the interior left as nothing more than a charcoaled mess of plastic, metal and rubber.

Quite often, flood-damaged cars fetch a decent amount of money at auction as their parts can be sold off to private buyers. However, we’re not entirely sure why someone would be willing to spend roughly $40,000 on a 512 BB like this.

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  • TheBelltower

    Oh give me a break. I think Ferraris are great and all, but some people are just way too enthusiastic about them.

  • Six_Tymes

    poor car. shame

  • Bash

    its a matter of years, but it might get re-born from the ashes. It will be fascinating!

  • Christian

    ohhh its now sold..

  • Day_Trader

    Oh come on guys, you can still salvage the front end, tires are in okay shape, all in all not too shabby!

    • john1168

      You’re quite the optimist…

  • karmat

    If you’ve got one that’s wrecked in the front with a bent frame, this would give you what you need to fix it. Plus it looks like the engine and trans survived, so that’s a nice bonus.

  • Autoexperte

    for so little money you can rarely become a proud owner of a ferrari

  • john1168

    Is anything salvageable on this car??? Maybe a few engine components but I can’t see more than that…

  • CarCzarDesigner

    If you have deep pockets, Ferrari Classiche could “restore” this. I don’t see much that is salvageable, here. Then again, the Factory can start completely from scratch. A factory New 512 Boxer Berlinetta, would definitely be worth having.

  • Wandering_Spirit

    Looks like a crash followed by a fire. I wouldn’t touch it. It’s for scrapping.

  • Howstar

    Seriously…. no ones made the lame a$s joke ‘that’d buff out’
    Maybe humanity isn’t doomed

  • Gator McClusky

    Or you could buy a very nice low mileage Corvette with less than 40,000 miles and 460-500 hp in mint condition
    Instead of this pile of italian junk

  • sidewaysspin

    Now has been turned into a real work of art.

  • I guess they’re just paying for the VIN number at this point, since the car itself will have to be rebuilt from scratch. I wonder if Ferrari still has all the parts for this model to assemble another one, or will it be a Frankenstini

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