A YOUNG man wrecked a Ferrari worth $250,000, but escaped serious injury, when he crashed into a Stobie pole at Walkerville, in Adelaide, today.
The driver and his passenger have been taken to Royal Adelaide Hospital for treatment after the accident just before noon, AdelaideNow reports.
Both men walked from the wreckage, leaving the expensive five-year-old 360 Modena model literally wrapped around the pole on Lansdowne Ave.
The car, valued at around $250,000, crashed a few minutes after residents saw it "zinging" past their homes at high speed.
"I was outside my house talking and we heard something fly up and it was this black Ferrari," said Vlado, who did not give his surname.
"It sounded just like, `zing, zing", as it want past."
Vlado said he walked "two blocks" around the corner when he saw a fire truck arrive to see the Ferrari smashed against the pole.
He said the men were "lucky to be alive".
"The Stobie split the car in two and it's basically up where the gear stick should be," he said.
