As the gruesome video reveals, the F40 has sustained some serious damage in the rear section. A trail of leaking fluid, most likely engine oil, can also be seen streaked across the road.
By the looks of things, the driver likely lost control and the car started to spin, eventually clipping a nearby telephone pole.
The car was believed to be driven by its owner, who was carrying a passenger at the time. Both are believed to have sustained only minor injuries.
As Jalopnik points out, the owner of the car was driving it on the way back from an auto show taking place in Vancouver over the weekend. The car’s value, prior to the crash, is estimated to have been about $500,000.
The F40 was the last Ferrari commissioned by the sports car brand’s founder, Enzo Ferrari. It was built for only two years, during which time a total of 1,315 examples were built, and most are believed to be still in existence. Hopefully this one gets repaired and is once drivable again.