More than a dozen Ferraris were abandoned in a Texas field for nearly a decade
Now the value of the collection, which could have been well worth over $1million, has seriously depreciated due to damage caused by the elements.
The reason the cars all ended up abandoned in the weeds is equal parts tragic and infuriating. They belonged to a well-to-do attorney who started out collecting Corvettes before he took an active interest in European exotics – buying a couple of Porsches, a Lotus, and a Lamborghini. Once he started collecting Ferraris he never looked back. He eventually acquired 13 examples of Maranello’s finest including a Testarossa, a 308 Quattrovalvole, a 400i, at least two 328s, at least three 348s, and a small number of Mondials.
Sadly he was diagnosed with a serious illness in 2011/2012, before beginning treatment he paid to have the cars put into secure warehouse storage.
Sadly, his condition worsened and he missed a few payments, the cars were moved out of the warehouse and into a field as a result. Once payments had resumed and the back-payment had been taken care of the cars were never moved back into the warehouse. This was an exasperating decision to say the least, and it would lead to the cars all degrading significantly over the years to follow.
The Ferraris would stay in the field for almost a decade until legal proceedings were complete and the family was able to take possession.
They found 13 titles or invoices for Ferraris and two titles for Rolls-Royces. Mysteriously both Rolls-Royces and two of the Ferraris were missing and have never been accounted for, 11 Ferraris remained of which nine had titles.
The family specifically wanted discretion in the sales so they approached Paul Cox, a well-known figure in the local Ferrari community who agreed to help. All of the cars needed significant work to recommission or restore them, so they would need to go to well equipped collectors or restoration garages to have any hope of a future.
Eventually a deal was made to sell all nine cars to a dealer who could take the time to find the right owners for each of them, almost all of them have now found homes with new owners, and it’s believed that almost all of them are now on their way to being driven again.
