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Rebuilt Title Cars For Sale In Indiana – Downtown Monterey during Car Week is a truly strange place. You pass thousands of barking sea lions as Paganis and PT Cruisers jockey for space on the nearby highway. But even by Car Week standards, the giant pile of wrecked Ferraris was, to varying degrees, a spectacle. There was even a raccoon!
If there was ever a way to show how far David has come from his sad, lonely days sorting Jeep parts in a sweaty Michigan car, it’s our surprisingly quirkier EiC looking at the rusted rocker arms of a 1971 Ferrari 365 GTB/4 Daytona. Berlinetta Scaglietti.
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Why is this here? RM Sothebys Auctions operates at the Portola Hotel each year and uses the outdoor areas around the main ballroom outside to showcase their wares to registered bidders. This usually means near-perfect versions of every car you’ve ever dreamed of (everything from Friskys to outrageously expensive Hispano-Suizas).
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RM Sotheby’s found itself in the position of representing a large collection of highly sought-after Ferrari models that were stored, somewhat secretly, in a warehouse outside the Indianapolis Motor Speedway. When Hurricane Charley tore through the American southeast in 2004, the resulting damage ended up in the barn in Florida where all the cars were stored. These cars were “rescued” and transported to Indiana.
Instead of trying to mix new cars with dead, broken Ferraris, RM decided to set up a junkyard in downtown Monterey, filled with trash, SUVs and a stuffed raccoon. David felt right at home.
If I had to have a favorite, it would be the Ferrari 512 BB Competizione shown above, which cost just under its $1.49 million estimate.
Of course, the notorious Ferrari 500 Mondial Spider, which is just a piece of metal, sold for an insane $1.8 million. One of the RM employees noted that they removed the license plate because it is the most valuable part of the car and, technically, all you need to modify it.
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The cars ranged in price from a Ferrari 400 Automatic, which sold for approximately $37,000, to a 1965 Ferrari 275 GTB/6C Alloy raced in the Targa Florio, which blew away its guide price and sold for $3.3 million. Here are the top ten lots if you’re interested:
I love the idea of a nice wooden pillar on the roof of this 365 GT 2+2.
As someone pointed out on Instagram, this is what David’s life would look like if he won the lottery.
Obviously, all these owners will then have to undergo a comprehensive restoration. We spoke to several people at Ferrari and they indicated they would be willing to help begin the restoration process, which will take years for some of these cars. Peer-reviewed means that an article has been carefully reviewed for accuracy and clarity by our Financial Review Board. The Supervisory Board includes a group of financial experts whose goal is to ensure that our content is always objective and balanced.
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By: TJ Porter By: TJ PorterArrow Right Contributor, Personal Finance TJ Porter is a writer with eight years of experience writing about finance. TJ writes on a variety of topics, from budgeting tips to bank account reviews. TJ Porter
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Just because the insurance company declares a car a total loss doesn’t mean it automatically goes to the scrapyard. If someone buys a car from an insurance company and repairs it sufficiently, they may qualify for a salvage or rebuilt vehicle title. If you buy a car with a salvage title, you can often get a good deal, but it’s important to understand the implications of a salvage or rebuilt car before you commit to purchasing.
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