The Dino 308 GT was never really the most desirable car to come out of Maranello. Nice examples are currently trading in the $33,000 range. This car was totally crashed, is now "art," and just sold for $250,000. This makes no sense.
How the hell is a car that belongs in a junkyard now a $250,000 piece of art? It's getting to the point where I'll soon be able to say my garbage is "modern minimalist impressionism" and get a return of ten times more than I paid for it in the first place.
The only work that went into this "art" was a man making a mistake and crashing his Dino. I imagine the collector who bought it also paid $60,000 for an iPhone with a cracked screen.
The buyer must not be an investor. If I wanted this art, I could get it for just $30,000: I'd buy a Dino GT4, drive it, and then crash it myself. Boom. Art. If the artist had bought it and crashed it to make a statement then, sure, why not? Art! Not art I'd particularly love, but there would at least be an ethos.
This is why we can't have nice things.
Crashed And Totaled Ferrari Dino Fetches $250,000 Because It's Now Art