London, Aug 21 (ANI): World's oldest Ferrari, the 1947 166 Spyder Corsa has recently been unveiled for the first time since being completely restored.
It was built just after the Second World War by manufacturer Enzo Ferrari and has now been restored for 500,000 dollars by one dedicated owner, the Daily Mail reported.
This may seem like a lot of money, but owner Jim Glickenhaus, from Pebble Beach, California, believes the car could now fetch up to 8 million dollars.
Capable of going up to 100 miles-per-hour, which was enough to win the model the 1947 Turin Grand Prix, this 12-cylinder classic car is a one-of-a-kind.
"I bought the car at auction in 2004 for around 770,000 dollars," Glickenhaus said.
"As soon as I set eyes on it there was love at first sight. There is no other car like this on the planet. To sit in it is like going back in time - and this car is a dream to drive.
"Whenever people see this piece of history being driven in the street it brings a smile to their faces," he added.
The motor - numbered 002 - was the first sold by Enzo Ferrari in December 1947, after his first build crashed.
After changing hands several times, and being converted into a sports car design, there was an attempt by a previous owner to restore the vehicle, before it was garaged for several years.
However, perfectionist Glickenhaus wanted to do everything he could to take the car back to its original form.
In 2006 the owner of a Ferrari marked 001C came forward claiming his vehicle was the world's oldest.
This was actually a number two car built before Glickenhaus' 1947, which could contain a proportion of parts from the first crashed 01C Ferrari.
However, this vehicle lacked the original engine and used Ford motor parts.
"My Ferrari still has the original chassis, engine, gearbox and most of the mechanical pieces," Glickenhaus said.
"I took to the original home of Ferrari, Marenello in northern Italy. There you will find the mechanics that have preserved the heritage of this machine.
"They had all the photographs, parts and knowledge to deliver an authentic restoration," he added. (ANI)
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