After being stolen, declared a total loss and then unexpectedly recovered in a sting operation, then wrecked by an FBI agent, a rare 1995 Ferrari F50, one of just 50 imported into the United States, is back in the news after the car was found for sale on eBay.
The car's story, as reported by Motor Authority, dates back to 2003 when it was stolen from a dealership in Rosemont, Pa. The dealer's insurance company declared the theft a total loss paid the dealership for the car. Then in 2009, the car was recovered in perfect condition in a warehouse in Lexingion, Ky. by FBI agents participating in a sting operation unrelated to the theft.
FBI agent Fred Kingston reportedly attempted to drive the exotic car a short distance to an evidence warehouse and, due to his alleged inexperience driving high-performance sports cars, wrecked the F50, prompting the insurer that paid a loss on the stolen car to sue the U.S. Justice Department for damages, Motor Authority reported.
Two years later the same F50 was found for sale with a salvage title on eBay by a California car dealership.
The auction, which opened bidding on the rare car at $500,000, ended Feb. 24 and received zero bids.
The dealership claimed the car only received minor damages, but it's likely a salvage title and the car's scandalous history have kept many potential buyers away, as well as the uncertainly behind the repairs.
"Carbon fiber is tricky stuff to work with and we'd much rather spend the money on replacement original panels than on panel repair," said Motor Authority.
A pristine condition Ferrari F50 lists at $950,000, so getting a clean-looking specimen with a salvage title for half that price might be a good deal for somebody out there. If it's you, keep your eyes on eBay, the car is sure to be back.
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