One lucky buyer has snagged a £20m Ferrari classic for just £200,000 – but there’s obviously a catch to the ‘bargain sale’.
In fact, the buyer wasn’t buying an original Ferrari at all – it was a rare and coveted 250 GT California Spyder that cost millions of pounds.
This replica is actually a 1998 BMW Z3, stripped down and modified to look almost exactly like a classic Ferrari California Spyder.
It’s finished in Ferrari’s iconic Rosso Corsa red, while the copycat car is based on the short-wheelbase version of the California Spyder.
The seller told SupercarBlondie: “In fact, it’s almost identical in shape and size to the real car, but it drives very differently.”
“We’re talking about six gears with 500 hp.”
This fake Ferrari features a working hood scoop, Spyder door handles and powerful looking quad tailpipes.
The interior looks very similar to the original, but there are a few differences in functionality.
Hill added, “We have air conditioning, we have electronic gauges and we have a bigger door.”
“Originally, the California really wasn’t very well suited for taller people. So if you are over 1.80 meters tall, you can fit in this car and actually drive it.”
The seller revealed that the replica’s windshield sits at a different angle and has quarter windows, while the cabin features a digital odometer and BMW seat belts.
The replica was eventually sold to the lucky buyer by Bring a Trailer for US$267,000 (£206,167).
This comes after motorists were stunned to realize they could buy a brand new electric MINI for just £3,500.
Plus, drivers were stunned to learn they could buy a brand new BMW X3 for just £4,500, but there’s a catch.