Tag Archives: Ferrari Enzo

Stunning Classic Cars To Be Auctioned At Sotheby’s In Arizona

Classic CarRM Sotheby’s is to hold its 18th annual sale of collector cars in Phoenix, Arizona, USA between the 19th to 20 January 2017. There would appear to be some wonderful classic vehicles being auctioned so if you are a keen classic car enthusiast then you may wish to visit their website for more details and, if there is something that catches your interest, progress the matter further.

Below we highlight just some of the vehicles that are available to bid for: –

1939 Mercedes-Benz 540 K Special Roadster by Sindelfingen – there were possibly only 25 Special Roadsters built with this one being commissioned by the original owner in Berlin so it has some unique features. It is an open-topped two-seater grand tourer that, at 17.5 feet in length, is extremely big for such a vehicle. It has an 8 cylinder 5,410 cc engine that produces 115/180 bhp cruising beautifully on the German autobahn at 85 mph. It has an estimate sale price of between $7,400,000 to $8,400,000.

1969 Ferrari 365 GTS by Pininfarina – only 20 of these were manufactured so it is extremely rare and this make and model hardly ever becomes available to buy publicly. It is powered by a V-12 4,390 cc engine that produces 320 bhp. It has only done in the region of 10,235 kilometers. This delightful open-topped sports car has an estimated sale price of between $2,900,000 to $3,500,000.Classic Car

1933 Chrysler CL Imperial Dual-Windshield Phaeton “Ralph Roberts” by LeBaron – it is thought that this was the last of these cars constructed and was the personal vehicle of Ralph Roberts who was a designer for LeBaron that was a coachbuilder. It has been beautifully restored finished in Moon Glow Blue polychromatic. This particular classic car was at the 2014 Pebble Beach Concours d’Elegance at which it won Best in Class. It has an 8 cylinder engine producing 135 bhp. This open-topped classic car has an estimated sale price of between $1,400,000 to $1,800,000.

If your interest is in more recently built supercars then how about the following: –

2003 Ferrari Enzo – this high performance car is owned by Tommy Hilfiger who is a designer and he has had it since new. Only 400 of these cars were built and this one has only done 3,620 miles and has been well maintained. It has a V-12 5,998 cc engine producing 651 bhp that powers the vehicle from 0 to 60 mph in a mere 3.3 seconds onto a top speed of 218 mph. It has an estimated sale price of between $2,700,000 to $3,000,000.

So, if you fancy a few days break in Arizona and have an interest in classic and/or supercars then you may wish to attend the auction that takes place over both the above dates.

If you are looking to insure one of these types of vehicle then why not get in touch with us here at AIB Insurance on 02380 268 351 as we have many years experience in arranging cover on such cars and we will gladly provide a competitive quotation for your consideration.

Why Are So Many Luxury Cars Abandoned In Dubai?

If you have visited the city of Dubai in the United Arab Emirates you will no doubt be aware that it has a reputation for having a lot of high net worth individuals residing their. Over the years, a considerable number of people from the UK have also gone to work there for an extended period of time on extremely lucrative contracts.

Ferrari Enzo Dubai Many live in up-market accommodation and also drive around in hugely expensive super-cars. These vehicles are often purchased with the assistance of some form of finance package with the repayments being comfortably affordable due to the large salary packages many of these expatriates are on.

However, with falling oil prices and the rising cost of living, a number of people have been unable to maintain their car repayments. Unfortunately for them, under the legal system in the UAE, if you are unable to keep up your repayments on the likes of a car loan, pay the minimum monthly payment on your credit card or if a cheque is returned unpaid that you have written out and there was insufficient funds in your bank account to cover the payment you could actually end up in prison because you are committing a criminal offence.

Apparently, rather than be faced with potentially having to spend a period of time behind bars, Imported Car Insurancesome expats are booking a flight out of Dubai airport with a view to never returning to the country. Upon arriving at the airport in their luxury car they just leave it in the car park gathering dust. After fifteen days, the abandoned vehicle is impounded by the police and, if the owner does not appear to claim it back, the car is sold for a knockdown price.

It is estimated that there are anything up to 3,000 executive cars impounded each year in Dubai that have been left to build up a light coating of sand of which there is plenty in the UAE.

The sorts of vehicles include your usual BMWs, Mercedes Benz and Audis but also the likes of Lamborghini, Maserati and Porsche plus a Ferrari Enzo valued at around a £1 million. Sad as the above situation is, it certainly presents an opportunity for those doing well in Dubai to get a luxury car for a fraction of its true value

10 Of The World’s Most Expensive Luxury Car Crashes

Obviously, nobody likes to be involved in a motoring accident but for those select few that are the proud owners of extremely expensive, often high performance luxury cars it is probably more disconcerting. After all, they are faced with the possibility of a car costing hundreds of thousands if not millions of pounds being written off or requiring a substantial sum of money being spent on it in repair bills.

We have put together a list of some accidents that have involved such vehicles that we believe you will find interesting: –

1. Ferrari 250 GTO 1962 -1964 – £17.6 million
Having paid $28.5 million for this car back in 2008, its British owner regrettably crashed the vehicle during a classic car race by driving into the back of another vehicle. The car below is fortunately not the car in question!Ferrari 250 GTO Insurance

2. Ferrari 250 GT Spyder – 1961 – £6.19 million
Again, this classic car was bought at auction back in 2008 for $10 million and stored close to a beach in California. Unfortunately, it was destroyed in a hurricane.

3. McLaren F1 – £3 million
You have probably heard of the actor Rowan Atkinson who has starred in Mr Bean and Blackadder. Well, back in August 2011, he crashed the sports car into a tree near Peterborough. At the time, it resulted in the biggest payout by a car insurance company to repair the vehicle amounting to £910,000.

4. Ferrari x 8, Mercedes Benz x 3, Lamborghini – £2.5 million
This multi-car crash took place in December 2011 on a motorway in Japan and involved a number of cars including the above. Apparently, one of the Ferraris at the front lost control and the other vehicles ploughed into the back.

5. Ferrari 250 GT TDF – 1959 – £1.02 million.
This classic car was nicknamed the “Tour de France” and crashed into a wall whilst taking part in the 2003 Shell Ferrari-Maserati Historic Challenge at a racing event in Connecticut, United States.

6. Ferrari Enzo – 2002 to 2004 – £1 million.
A Swedish businessman was travelling at 196mph in Malibu back in 2006 and lost control of the vehicle that has a V12 engine hitting a pole and wrecking the vehicle.

7. Jaguar XJ220: £900,000.
The owner of this car was taking part in the world famous Goodwood Festival of Speed and unfortunately was involved in a crash causing extensive damage to the bonnet.

8. Ferrari F50 – 1995 to 1997 – £850,000
Only 349 of these 520bhp V12 mid-engine sports cars were produced. This vehicle smashed into a lamppost in October 2014 whilst on its way to Silverstone racetrack causing considerable damage to the vehicle.

9. Bugatti Veyron – £830,000
This vehicle similar to the one pictured below is one of the fastest that is legally aloud to drive on our roads being capable of reaching over 250mph. Back in March 2007, one was being driven in Surrey by a relative of the owner who had only taken possession of the car a week earlier. Unfortunately, it was involved in a collision.Bugatti Veyron

10. Pagani Zonda – £669,000.
Only just in excess of 100 of these supercars were ever produced with some capable of reaching over 200mph. The owner of the car was involved in a crash whilst driving it in Hong Kong coming back from a racing event. Apparently, an out of control lorry caused him to drive into a number of cars that were parked.

Those of you fortunate to own one of these types of vehicles may be interested to read that here at AIB Insurance we specialise in arranging insurance cover for many such vehicles and offered tailored solutions for the performance and exotic car owner.

Call the team now on 02380 268351 for an instant quote and cover.