The Ferraris were assembled and owned by a Florida real-estate developer named Walter Medlin, who in the 1990s ran into some trouble with the Internal Revenue Service. The IRS seized three of the cars for non-payment: a relatively nondescript 1976 308 GTB, but also some very historic racers, a 1966 P3 and a 1967 P4.
The remaining 20 cars, still showing their hurricane damage, are to be auctioned separately, without reserve on Aug. 17 by RM Sotheby’s during Car Week in Monterey, California.
“The collection has been in Indiana for a decade, across the street from the Indianapolis Motor Speedway,” Keast said. “They’re still covered in dust, sitting on flat tires and not running, basically as they were when the barn collapsed on them.”
notable is a 1956 250 GT Coupe Special by Pinin Farina with Superamerica-style bodywork. The first owner was King Mohammed V of Morocco.
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