Someone bought a long-lost Subaru for $360,000 in Bitcoin (BTC)

on Oct 4, 2021
  • After disappearing from the face of the earth, World Rally Championship’s Subaru recently emerged.
  • The car is one of 63 Prodrive Subaru Impezas, which already makes it extremely rare and valuable.
  • The car was found in a barn in Australia, only to be sold to motorsport enthusiasts.

Follow Invezz on Telegram, Twitter, and Google News for instant updates >

There are all kinds of treasures sitting hidden in the world, just waiting to be found, and the most recent example of this is a long-lost Subaru — a rally racing legend that only recently resurfaced after missing for 10 long years. As soon as it was discovered that the car is a racing legend, it was sold for $360,000 worth of Bitcoin (BTC/USD).

Are you looking for signals & alerts from pro-traders? Sign-up to Invezz Signals™ for FREE. Takes 2 mins.

The car in question is the Prodrive Subaru Impeza, which was initially estimated to be worth between $15,000 and $20,000. Of course, this was before the automobile authenticator ICAARS discovered that the vehicle in question is a legendary Subaru from the World Rally Championship.

This very car was driven by not one, but two champion racers — Colin McRae and Carlos Sainz. However, in 1996, the car was retired, and it spent over a decade just sitting in a barn in Australia, collecting dust. The car’s worth is high not only for the fact that it participated in the World Rally Championship, but also because there were only 63 Subaru Impezas that were ever commissioned by Prodrive.

A rare and breathtaking barn find

Copy link to section

ICAARS inspector said that this is a one-of-a-kind discovery and a breathtaking barn find. The car still has its original 2.0-litre turbocharged engine, with six-speed manual gearboxes.

The car was then taken to Lloyds Auctions, whose Chief Operations Officer, Lee Hames, also commented on the new development. He spoke about the vehicle’s new owners, noting that they are motorsport enthusiasts and are looking forward to enjoying all the benefits that the car has to offer and honoring the vehicle.

Meanwhile, thanks to the fact that Lloyds started accepting crypto as payment in its auctions, the new owners were able to buy the car with Bitcoin directly.