CryptoCurrency

An individual bought a Subaru long-lost for $360,000 using Bitcoin (BTC).

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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. The car was a racing icon and it was quickly sold for $360,000 of Bitcoin (BTC/USD).

Prodrive Subaru Impeza is the car in question. It was originally valued at between $15,000 to $20,000. This was before the automobile authenticityator ICAARS discovered the car in question is a legend Subaru from the World Rally Championship.

This very car was driven by not one, but two champion racers — Colin McRae and Carlos Sainz. The car was eventually retired in 1996 and spent more than a decade sitting in an Australian barn 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.

Rare and beautiful barn find

The ICAARS inspector stated that it was a unique discovery and a remarkable barn find. It still has the original turbocharged 2.0-litre engine and six-speed manual gearboxes.

The car was then transported to Lloyds Auctions. Lee Hames (COO) also spoke about 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.

The new owners were able, due to Lloyds accepting cryptocurrency as payment in its auctions and the ability to purchase the car directly with Bitcoin.

Invezz’s first article, Someone bought a Subaru lost for $360,000 in Bitcoin (BTC), appeared first on Invezz.

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