A rare Ferrari selling for millions at the Mecum Auctions in Indianapolis was purchased at a garage sale for $200, according to Fox News.
The 340 America Ferrari, built in 1952, was one of only 24 of its kind. The Ferrari competed in the 1952 24 Hours of Le Mans, an annual automobile race in France, and came in 5th place, Fox News reported.
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The car was then shipped to the U.S. and continued to be raced, Fox News reported.
The original body of the car was damaged, so it was given a new open-top and fiberglass bodykit, according to Fox News.
Around 1963, the Ferrari vanished from the public eye until drag racer Mike Sanfilippo bought it at a garage sale for $200 without knowing its history, Fox News reported. (RELATED: Eddie Van Halen’s Custom Ferrari 550 Going Up For Sale)
“I heard about it, and the guy wanted $200. His kid had abandoned it in his garage, and he wanted his garage back. I took my trailer and picked it up. I bought it for the cool body,” said Sanfilippo, according to Fox News.
Sanfilippo sold it to Tom Shaughnessy, a classic car restorer, who showed it to an expert and discovered its priceless value. With the help of the Ferrari Classiche factory, Shaughnessy restored the car with its original features, Fox News reported.
When Shaughnessy purchased the car, it was estimated at $3 million. It is being auctioned off by the Mecum Gallery direct sale program, Fox News reported.