A Ferrari GTO might have earned the record for most expensive accident

The world’s most expensive car crash involving a 1962 Ferrari 250 GTO, worth more than £20 (S$39) million was just one of thirty nine built between 1962 and 1964. The GTO was often regarded as the Picasso of the motoring world and the GTO badging which stood for ‘Gran Turismo Omologato’ have only been awarded to three models in the entire Ferrari history.

Christopher was en route to the French city of Le Mans when the accident happened. His Sweden flag inspired blue and yellow coloured car has regularly participated in numerous events around the world including last summer’s Pebble Beach Tour and Concours d'Elegance since the businessman’s purchase in 2005.

The accident happened when the 250 GTO collided with another vehicle while on a trip to commemorate the model's 50th anniversary tour. Details regarding the accident and damages are scarce, besides his wife breaking her leg on impact.

Pink Floyd drummer Nick Mason was among the 21 group Italian convoy, with an estimated value of a staggering £500 (S$ 984) million. The 250 GTO is powered by a 3.0-litre V12 developing 300bhp which results in a century sprint time of 6.1 seconds and a top speed of 280km/h and was sold for £6,000 (S$11,815).

The value for the collector’s item has shot up in recent years with an apple green model owned by Stirling Moss being sold for a record price of £22.7 (S$44.7) million pounds.