Watch as speeding driver smashes £200,000 classic Ferrari into a wall at a car rally doing £1,000S worth of damage

It shows a classic Ferrari Testarossa smashing into a low wall close to the spectators.

Thankfully none of the onlookers suffered injuries as a consequence of the accident.

But everyone at the scene was left visibly in shock after witnessing the accident.

It looks like the accident was caused because the driver carried too much speed into the bend and then lost the rear as they braked hard.

The high-end car suffered huge damages at its front - according to the uploader of the video it had also suffered a minor accident the day before.

There is no information on the condition of the driver - but doctors were at the scene and rushed to provide aid.

The Ferrari Testarossa was produced for only 12 years from 1984 to 1996.

The Testarossa can be worth anything from £100k-£300k, but it can vary depending on the condition and year it was built.

Viewers have commented on Youtube and most of them were also in shock after seeing the crash.

One commented: "It is a shame, it is so sad."

Others have heavily criticised a man who was clapping when the accident took place.

One said: "The guy clapping, there is always someone who gets enjoyment from others' downfall or error.

"Don't be that guy because when karma hits I hope someone there claps at him in his worst moment."