GOLD COAST, Australia — The driver of an extremely rare and exceptionally pricey Ferrari F40 crashed the super car during a test drive Friday in Australia.
Two people were inside the vehicle when the driver lost control of the nearly $2 million vehicle, hitting several sign posts before landing on an incline on the side of the road, 7News reported.
“It’s pretty stuffed,” Gold Coast police told 7News.
A license plate on the back of the vehicle indicated it was on a test drive, News.com reported.
Investigators believe excess speed is to blame and issued the driver a citation for "not being in control of the vehicle," 7News reported. The twin turbo engine produces nearly 500 horsepower and 425-lb-ft of torque without driving aids like traction control, taking a skillful driver to handle.
No one was injured.
Ferrari built 1,311 versions of the mid-engine, rear-wheel drive exotic car from 1987 to 1992. Racing versions of the vehicle were also developed through the mid-1990s.
There are two examples of the car available for sale in Australia.
A 1987 F40 in Sydney is listed for $1.67 million and a 1991 version in Brisbane is available for $1.8 million, News.com reported.
In the U.S., a 1991 F40 is available in August through an online Sotheby's auction.
Earlier this year, a Ferrari F40 caught on fire in Monaco. The damage was mostly cosmetic and the car is being restored, according to Carbuzz.
It was unclear if the wrecked car was a real F40 or a replica.
“Crikey... if it’s a real, this is an expensive mistake,” police told 7News.