Ferrari Purchased with Crypto

By Staff Writer June 16, 2022

The iconic 1989 Ferrari 640, driven by Nigel Mansell for Scuderia Ferrari in the 1989 F1 season, has been sold using Himalaya Dollar (HDO) – a stable coin listed on the Himalaya Exchange.

The transaction was completed for the equivalent of 3.6 million euros thanks to classic car auction house RM Sotheby’s. The buyer and seller wish to remain anonymous.

Owned by legendary F1 driver Mansell, the car was retained in his personal car collection since 1989, having allegedly not been driven since its last Grand Prix race.

The Ferrari 640 earned the Italian race team 3rd place in the 1989 World Constructors’ Championship and secured victory for Mansell at the Brazilian and Hungarian Grand Prix.

RM Sotheby’s believes this is the first time in history that a driver has offered his own Grand Prix Ferrari publicly at auction. It is also the first Ferrari F1 car equipped with a semi-automatic gearbox.

“I am extremely pleased that the buyer decided to purchase this world-class car using HDO,” said William Je, founder and CEO of Hamilton Investment Ltd. and founder of Himalaya Exchange. “Despite the cryptocurrency market’s recent dip, HDO has constantly remained stable with the US Dollar 1:1 without fluctuation. Impressively, this makes HDO the only stable coin in the world to maintain 100% during this time-period of uncertainty.”

In addition to RM Sotheby’s, earlier this year, the Himalaya Exchange was also used by McLaren in a similar transaction reported in March 2022

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Last modified on Thursday, 16 June 2022 12:49