Up to Speed

The latest buzz in L.A.'s car culture.

« Previous Post | Up to Speed Home | Next Post »

Crawling from the (Ferrari) Wreckage

October 29, 2008 |  3:45 pm

Wrecked Ferraris don’t fade away -– they just end up on EBay.

The 2003 Ferrari Enzo that actor Eddie Griffin famously plowed into a wall during a promotion for the movie “Redline” has been put back together and recently was offered for sale on the online auction site.

Ferrariwreck_2 The asking price was $1.2 million. It got 59 offers -- ranging from $950,000 to “$2 and a box of double-stuffed Oreos,” said seller Matt Groner, owner of Matthews Auto Sales in Houston. It didn’t sell and the auction is now closed, but Groner said he was negotiating with five potential buyers and was close to a sale.

Groner acknowledges that putting a value on collector cars that have been extensively damaged is controversial. The car was valued at $1.3 million before it was wrecked.

“It’s a car that has a history of hitting a wall, and some people will run away from it for that reason,” he said. “Other people who know how we fix cars will appreciate the car has been put back together.”

Griffin wrecked the car during a practice lap at a celebrity charity race at Irwindale Speedway in March 2007. The event was promoting “Redline,” a film about high-end exotic cars that Groner said “may be the worst movie I’ve ever seen.”

This isn’t Groner’s first brush with celebrity-tinged auto wreckage. He bought the Mercedes-Benz that actress Lindsay Lohan crashed on Sunset Boulevard last year, later selling it for a price “in the low $100,000s.”

-- Martin Zimmerman

Photo: Aftermath of the crash. Credit: Irfan Khan / Los Angeles Times


Post a comment
If you are under 13 years of age you may read this message board, but you may not participate.
Here are the full legal terms you agree to by using this comment form.

Comments are moderated, and will not appear until they've been approved.

If you have a TypeKey or TypePad account, please Sign In





Comments


Advertisement


Recent Posts
Up To Speed is moving to Money & Company |  November 16, 2009, 1:21 pm »
KTM unleases its 2010 RC8 R superbeast |  November 14, 2009, 12:03 am »
Aptera to try again for federal loan from the DOE |  November 5, 2009, 5:30 pm »


Categories


Archives