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A RARE burned out and rusted classic Ferrari has been put up for sale for a whopping £120,000.

The 1972 Ferrari 246GT Dino Project was wrecked in a fire.

The 1972 Ferrari 246GT Dino Project was destroyed in a fire
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The 1972 Ferrari 246GT Dino Project was destroyed in a fireCredit: Jam Press/Gullwing MotorCars
The burnt-out iconic Ferrari is on sale for a whopping £120,000
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The burnt-out iconic Ferrari is on sale for a whopping £120,000Credit: Jam Press/Gullwing MotorCars
These models normally go for £630,000 when they're in perfect condition
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These models normally go for £630,000 when they're in perfect conditionCredit: Jam Press/Gullwing MotorCars
All that remains is the car's shell
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All that remains is the car's shellCredit: Jam Press/Gullwing MotorCars

Sadly, buyers - who can pick up the Dino at , based in New York - will just be getting a shell that doesn't even have any wheels.

Originally, the iconic motor was kitted out with a beige leather interior and was finished in Marrone Colorado - a shade of dark brown.

Would-be buyers of the rusted heap of metal will receive a clear matching title and a Marcel Massini history report, according to the listing.

The car dealership said: "This car clearly needs complete restoration, but the good news is that it’s certainly the cheapest one you will ever find.

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"The Dino market is hot and shows no signs of cooling.

"An exciting opportunity to own an iconic 246GT Dino.

"This deal is on fire."

Models like this Dino found in perfect condition can sell for an eye-watering £630,000.

However, not everyone was pleased with the Ferrari's price - with petrolheads expecting it to cost a lot less.

Vintage Ferrari 250 GTL Berlinetta once owned by TV & radio star set to sell for £1.5million… it’s incredibly rare & can hit over 150 mph

One commenter questioned: “£120,000 for that?

"I was thinking £30,000 for that or less.

"Basically unrestorable, someone is going to put it in their house as a sculpture."

Another jokingly asked: "Date codes on the tyres?

"Any recent oil analysis?

"How about paint metre readings?"

And another asked: "What’s the mileage?"

READ MORE SUN STORIES

It comes after Ferrari revealed their incredible Airbnb - allowing petrolheads to sleep surrounded by F1 cars.

And Ferrari recently revealed a powerful new supercar to replace discontinued model – and it’ll hit over 200 mph.

The car was listed by Gullwing Motors Cars, based in New York
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The car was listed by Gullwing Motors Cars, based in New YorkCredit: Jam Press/Gullwing MotorCars
Petrolheads couldn't believe how much the dealership was charging for the wrecked car
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Petrolheads couldn't believe how much the dealership was charging for the wrecked carCredit: Jam Press/Gullwing MotorCars
Johnny thought it'd cost around £30,000 or less
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Johnny thought it'd cost around £30,000 or lessCredit: Jam Press/Gullwing MotorCars
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