Money to Burn: Vintage Ferrari Catches Fire on the Streets of Monte Carlo

It’s a sight to make any car enthusiast weep: a vintage Ferrari F40 sports car reportedly worth more than $1 million hopelessly engulfed in flames on the streets of Monte Carlo – with no pit crew to put it out.

Philippe Lavarelo recorded the footage of the car-tastrophe on February 18 while walking along the streets of the Monacan city with his girlfriend.

Lavarelo said the pair first heard a bang. Looking around, they spotted the red so-called supercar driving along in flames. “The driver and his passenger got out of the car in desperation,” Lavarelo said. He told Storyful he then rang the authorities.

Describing the flames and smoke from the car as “immense,” Lavarelo told Storyful firefighters managed to bring the blaze under control.

A video shared on the This Is Monaco Twitter account shows a resident leaning over a balcony to spray the flaming car with his garden hose.

According to DuPont Registry, the Ferrari F40 debuted in 1987 with a price tag of $400,000, with some selling for an estimated $1.6 million up until the car’s production stopped in 1992. Credit: @passion_car_rs via Storyful