What is the story about?
What's Happening?
Silver Arrow Cars, a Canadian dealership, has discovered a collection of rare performance cars in a garage in Newport Beach, California. The collection, belonging to an 88-year-old owner, includes a Ferrari 550 Maranello, a BMW E39 M5, and a 2006 Ford GT. These vehicles have been untouched for decades, accumulating dust and remaining in pristine condition. The Ferrari 550 Maranello, with only 564 miles, features a Nart Blue exterior and a 5.5-liter V12 engine. The BMW E39 M5, with 4,249 miles, is powered by a 4.9-liter V8 engine. The Ford GT, essentially brand new with 720 miles, boasts a supercharged 5.4-liter V8 engine.
Why It's Important?
The discovery of these rare cars highlights the enduring appeal and value of high-performance vehicles. Collectors and enthusiasts may find significant interest in these models due to their low mileage and preserved condition. The potential sale of these cars could fetch high prices, reflecting the market demand for classic and rare automobiles. This event underscores the importance of preserving automotive history and the potential financial gains associated with such finds.
What's Next?
The dealership has not disclosed the sale prices of these vehicles, but they are expected to attract significant attention from collectors. The Ferrari 550 Maranello and Ford GT, in particular, could command high auction prices, potentially reaching six or seven figures. The market will be watching closely to see how these rare finds are valued and sold.
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