Chinese Baller Buys Rare F1 Cars Using Litecoin

Bitcoin ballers buying Lambos is lame, how about buying fleets of F1 cars with Litecoin?

Bitcoin And Litecoin Cryptocurrency
NurPhoto—NurPhoto via Getty Images

Yes, Bitcoin mania is sweeping the world. But we’ve already pretty much seen all we can see about crypto millionaires buying Lambos. It’s become so passe, sort of like Bitcoin itself. Now we’re moving on to millionaires buying more ridiculous stuff with Litecoin, Bitcoin’s quicker little brother. According to Bitcon.com, a Chinese multi-millionaire just agreed to buy four rare F1 cars from the U.K.’s Heritage F1 dealership.

The total bill for the four cars totals about $5.3 million. The collection is headlined by the 2011 Sauber Ferrari C30. This car took fifth place at the Monaco Grand Prix that year. It was driven by Kamui Kobayashi and Mexican driver Sergio Perez. The carbon-fiber body is powered by a 2.4-liter V-8 and a seven-speed paddle-shift carbon-fiber gearbox. All four of the cars are race-ready and are said to be track-worthy. Of course, the owner could just hold onto them in the hopes that they appreciate in value.

Dadiani Syndicate

2011 Sauber Ferrari C30

The deal was brokered by a London art dealer, Eleesa Dadiani. Her art gallery allows buyers of fine art to use several different cryptocurrencies including bitcoin, ethereum, litecoin, ripple, and dash. Speaking on the crypto sale Eleesa said, “We are hugely excited to be conducting the sale of these exquisite machines in cryptocurrency. Cryptocurrency is not just about ‘getting rich’ – it is about facilitating trade and investment in a more transparent, decentralized way.”

Founder of Heritage F1, Mike O’Connor, said, “The sale of this breath-taking collection of Formula One cars, in cryptocurrency, will set a new precedent and open up a whole new international market to us. There is increasing demand for the purchase of luxury assets in cryptocurrency, and we are confident that this sale, in partnership with Dadiani Syndicate, is just the first of many to come.”

Well, if these folks are out there buying fleets of F1 cars in Litecoin, maybe one day I’ll have enough crypto to fill up my gas tank.

The Final Ferrari LaFerrari Aperta -- /CHEATSHEET
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