German Police Searching For Ferrari 288 GTO Stolen During Test Drive

German police recover valuable Ferrari, search for thief

German police hunt car thief who stole rare $3 million Ferrari during test drive

Police in Germany are on the hunt for a brazen auto thief that nicked a multi-million dollar Ferrari during a test drive. The red Ferrari 288 GTO, first registered in 1985, is believed to be worth more than 2 million euros ($2.2 million).

Police issued a wanted picture of the burly man wearing glasses and a dark blue blazer who made off with the 1985 Ferrari 288 GTO on Monday in Duesseldorf.

He and the seller went on a test drive, during which the seller got out of the vehicle to swap places with the would-be buyer. Just 272 were produced between 1984 and 1987 to obtain homologation to compete in the nascent Group B Circuit Race, a road racing version of the popular Group B Rally circuit.

It's not clear what the suspect would have done with the Ferrari had he managed to get away with it. Ferrari only built 272 units of the 288 GTO and collectors keep close tabs on them, so the vehicle would have immediately been flagged as stolen, and therefor unsellable, on the open market.

Peter Haynes, a spokesman for specialist auctioneer RM Sotheby's, said the cars are now valued between $2.5 million and $3.5 million.

And they were in luck - by late Tuesday afternoon the Ferrari was located, found hidden in a garage in the town of Grevenbroich, about 25km southwest of Dusseldorf.

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