What's Happening?
A collection of rare performance cars, including a Ferrari 550 Maranello, a BMW E39 M5, and a 2006 Ford GT, has been discovered after decades in storage. The cars were part of a forgotten collection belonging to an 88-year-old owner and were recently consigned to the Canadian dealership Silver Arrow Cars. The Ferrari 550 Maranello, untouched for 25 years, features a Nart Blue exterior and a 5.5-liter V12 engine with only 564 miles on the odometer. The BMW M5, with just 4,249 miles, is finished in Carbon Black and powered by a 4.9-liter V-8 engine. The Ford GT, essentially brand new, has only 720 miles and was never titled or registered.
Why It's Important?
The discovery of these rare vehicles highlights the enduring allure and investment potential of classic and high-performance cars. Such finds can significantly impact the collector car market, driving interest and potentially increasing the value of similar models. The pristine condition and low mileage of these cars make them highly desirable to collectors, who may be willing to pay premium prices. This event underscores the importance of preservation and the potential for significant financial returns on well-maintained classic cars.
What's Next?
The cars are expected to attract significant interest from collectors and investors, potentially leading to high-value sales. The dealership may conduct private sales or auctions to capitalize on the rarity and condition of these vehicles. The discovery could inspire other collectors to explore forgotten collections, seeking similar hidden gems. Additionally, the event may influence market trends, with increased demand for well-preserved classic and performance cars.
