Sparesbox Blog

Video: Watch a Priceless 250 GTO Get Binned at Goodwood Revival

By Brad Nash

Mon Sep 11 2017

Oh dear. Oh dear, oh dear, oh dear.

 

Somewhere in the Italian Countryside, over the weekend a wizened old metal worker just rubbed his hands together in anticipation of a massive paycheck.

The reason? Step forward Andy Newall, pilot of the very rare, very valuable and VERY ill-fated Ferrari 250 GTO that tragically met the barrier at Goodwood Revival over the weekend.

 

The crash happened during a qualifying race for the RAC Tourist Trophy, as Newall was forced to swerve suddenly onto the grass to avoid a corvette stingray he was attempting to overtake. Forced onto the grass, the oversteer immediately kicked in, and the rest was enough to make any car enthusiast weep.

Of course, classic cars get binned at just about every historic race meet, and the opportunity to see such cars actually battle it out as they would have in the 60s is part of the reason we love Goodwood revival so much. But anyone with a vague interest in cars will probably be able to tell you just how much money this particular incident is likely to cost.

To give a little context, the particular 1964 250 GTO/64 Series II that crashed was one of just 3 made that year, with a 250 GTO made 1 years prior selling for a mind-boggling $52 million at auction. With the way cars are increasing in value, it’s not unreasonable to imagine that $30-50 million worth of car took a spill that fateful afternoon.

Thankfully, the car only met with the tyre wall, saving it even more damage, but it’s likely that the repair bill on the car will be beyond most of our wildest dreams.

 

Our thoughts go towards Andy Newall and the car’s now significantly less well-off owner at this dark, dark time.