Most car accidents involve vehicles valued at less than $30,000 new. As a result whether it is a small fender bender or a complete write-off the total cost of the accident would be anywhere from $500 to $50,000 as long as there were no injuries.

Imagine the feeling for the driver of a $35 million dollar extremely rare 1962 Ferrari GTO when he crashed his car. It turns out businessman Christopher Cox was driving his vintage Ferrari through France, in a 21 car convoy of Ferrari vehicles all headed to Le Mans.

In what is most probably the most expensive car crash of all time Mr. Cox must be kicking himself for taking out that Picasso on wheels and crashing it into the vehicle in front of him.

It turns out Cox’s wife Ann suffered a broken leg in the accident. Also, two passengers in the other car were also taken to hospital. It is believed all injuries were minor.

Only 39 Ferrari 250 GTOs were made in 1962. Some say it was the best Ferrari ever built. No doubt it is the most expensive Ferrari model in existence. With one selling for $35 million a few months ago, which was a world record for the highest price paid for any vehicle in history.

Whether or not the car ends up being rebuilt the owners of these rolling museum pieces should think twice before taking them out on the open road. They are in fact a part of history and should be treated that way.