Crash of Rare Ferrari Under Investigation FRENCH authorities are continuing to investigate a July 6 crash involving a valuable 1962 Ferrari 250 GTO and a Hyundai minivan on a highway near Blois, according to a spokesman for the police. Mark Elias/Bloomberg News GTO The blue and yellow Ferrari that crashed is shown on display in January. The Ferrari was en route to Le Mans with other GTOs, participating in the 250 GTO 50th Anniversary Tour, when it collided with the Hyundai, which was not part of the tour. Ludovic Sorin of the gendarmerie in the town of Onzain, near Blois, said in a telephone interview that as of Wednesday no charges had been filed and no citations had been issued to either driver. If the investigation finds someone at fault, he added, the case will be given to the a prosecutor. Mr. Sorin was not available later in the week to provide further details. Mr. Sorin also clarified some aspects that had been erroneously reported in various news accounts. He said that although the occupants of both cars were treated at a local hospital, no one was seriously injured and no one remained hospitalized. Christopher and Ann Cox of Chapel Hill, N.C., own the car, and Mr. Cox was driving at the time; Mrs. Cox was the passenger. Mr. Sorin also disputed reports that the Ferrari had been demolished, which prompted media speculation that the crash was the most costly auto accident ever. The GTO had moderate front-end damage, he said, and the Hyundai was hit in one side. That explanation would be consistent with initial reports in French newspapers, based on police statements, that the crash happened when one of the cars - it is unclear which - turned left in front of the other. There was no indication that excessive speed was involved, Mr. Sorin said. He added that insurance companies were also looking into the crash. Some accounts estimated the GTO's value at $30 million to $40 million, based on a Bloomberg News report of a $35 million private sale in May of another 250 GTO. But according to the Web site Barchetta.cc, which tracks the provenance of such vehicles, this would be the third major crash involving Mr. Cox's car during its rough-and-tumble half-century of existence. The original body was previously replaced with a replica. Also, it is currently painted blue and yellow - an homage to a Swedish driver who once raced it - rather than its correct and original Ferrari red. Because an extremely valuable Ferrari collided with a private vehicle, concerns have been raised that standard motor vehicle insurance might not cover the tab, which could exceed the standard coverage limits of most auto policies. In such a case, an uninsured/underinsured motorist clause in the other vehicle's insurance policy could be expected to cover any extra costs - if that coverage was part of the master policy. Messages left at the Cox residence seeking comment were not returned. "These Ferraris are bought for tours like this; failing to insure them is not as uncommon as you might think," said McKeel Hagerty, chief executive of Hagerty Insurance. He said his company, which specializes in coverage for vintage cars, did not insure the wrecked Ferrari. "But as time goes on, and the vehicle becomes based on less and less original content, questions can be asked" about its valuation. Mr. Hagerty said that generally speaking, the more pristine any vehicle's operational history, the higher its value. "If a car is properly restored, damages don't necessarily affect the value, especially in the circumstance of a rare Ferrari 250 GTO," David Gooding, president of the Gooding & Company auction house, said in a telephone interview. Only 39 of the highly sought-after Gran Turismo Omologata Ferraris were built in 1962-64. Eric Pfanner contributed reporting from Paris.