I haven't seen a Ferrari story this tragic since the last time I watched Ferris Bueller's Day Off. One hour after signing the paperwork and taking ownership of a brand new Ferrari 430 Scuderia, the owner destroyed it. He paid $288,000 for it and this was one of only 499 from the Scuderia line that Ferrari produced.
Police say speeding was actually not a factor in the accident. More about this terrible loss is available from CNBC.