Ferrari involved in most expensive car crash

In a heartbreaking incident, a classic Ferrari car worth more than 20 million pounds was involved in a car crashe that has been termed as the world's most expensive ever.

An American multi-millionaire businessman, Christopher Cox, owns the Ferrari 250 GTO, which is known as the 'Picasso of the motoring world.

He was was participating in the 50th anniversary tour of the Ferrari 250 GTO in London with his wife when the accident occurred. Cox' wife was injured during the accident and even fractured her leg.

Ferrari built the 250 GTO between 1962 and 1964 with the 174 mph sports car sold with a 6,000 pounds price-tag, reports PTI.

The one involved in the accident is one of only 39 ever built, values more than 20 million pounds, the Daily Mail reported. It uses a 3-litre V12 engine developing 300 bhp which results in a 0-60mph time of 6.1 seconds and a top speed of 174mph.

The value of the 250 GTO has skyrocketed in recent years with one green model built for Stirling Moss selling last month for a world record 22.7 million pounds, reported the Indian news agency.

Cox has owned the coveted vehicle since 2005.

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