The Phantom Ferrari: The Long-Lost Stallion of Imola

Yahoo

06-06-2025

Read the full story on Modern Car Collector
In the misty annals of motor racing lore, amid the roar of engines and the scent of scorched rubber, there lies a story that sounds more like a legend whispered in pit lanes than a tale etched in police records. It is the curious case of the missing stallion — a Ferrari F512M, once belonging to the Austrian Formula One driver Gerhard Berger — which vanished into shadow during the 1995 San Marino Grand Prix weekend. And for 28 years, it remained a ghost.
The tale begins at Imola, in the spring of 1995. The world was still reeling from the grief of the previous year — a dark season that had seen the loss of Ayrton Senna and Roland Ratzenberger on that very circuit. That weekend, hope had returned, cloaked in red overalls, in the form of Ferrari's twin warriors: Gerhard Berger and Jean Alesi.
But while fans focused on the drama unfolding on the tarmac, another story brewed behind the paddock. In the depths of the night, two rare Ferraris — road cars, not racers — were spirited away from their resting places, stolen cleanly, without a trace. One belonged to Alesi. The other, a gleaming scarlet F512M, was Berger's pride: a fire-breathing machine with a 12-cylinder heart, one of only 501 ever built. In a twist almost too perfect for fiction, the thief disappeared into the night, and the car was never seen again.
At least, not by the public eye.
The years passed. Berger moved on, retiring from racing after a celebrated career. The San Marino theft became a footnote, a quirky trivia item for F1 diehards and car enthusiasts who spoke of it in online forums and at classic car shows, more as myth than memory. How could a car of such rarity simply disappear? There were rumors — whispers of a shadowy collector in Eastern Europe, of a secret vault in Dubai, of a replica hiding in plain sight. Nothing was confirmed.
But time has a way of unveiling secrets — especially when steel and engine numbers are involved.
In early 2024, a quiet alarm bell rang in the offices of Ferrari in Maranello. A collector in the United States had initiated a purchase through a broker in the UK, seeking to add a rare Ferrari F512M to their stable. Routine checks followed — chassis number, engine codes, historical provenance. But something didn't add up. The car, glossy and well-preserved, bore the unmistakable signature of one that hadn't legally existed for decades.
It was Berger's. The long-lost stallion had returned.
Ferrari wasted no time. A tip-off was sent to the Metropolitan Police's Organised Vehicle Crime Unit, and what followed was a whirlwind of international coordination. PC Mike Pilbeam, who led the investigation, described it as 'painstaking,' involving a mosaic of authorities — the National Crime Agency, Interpol, international dealerships, and customs agents.
And yet, despite nearly three decades of silence, the investigation cracked open in just four days.
The car, as it turned out, had taken a journey worthy of a Bond film. Stolen in Italy, it had been swiftly shipped to Japan, where it likely changed hands under falsified documents. Decades passed, and as ownership records grew colder, the car quietly resurfaced in Europe. Someone — knowingly or not — put it on the market. And in that moment, Ferrari's meticulous record-keeping lit the path to the truth.
Authorities moved swiftly to prevent its export, securing the Ferrari before it could vanish once more. Today, it rests under police custody in the UK, awaiting the next chapter in its extraordinary saga.
The mystery, of course, is not fully solved. The second Ferrari — the one belonging to Jean Alesi — is still missing. Like its twin, it may be gathering dust in a hidden garage, or roaring anonymously along private roads, its past forgotten or deliberately obscured.
As for Berger, the man at the center of the storm, he hasn't made a public comment. Perhaps it is shock. Or perhaps, like the rest of us, he thought this particular story had long faded into history.
And yet, as with all good legends, the resurfacing of the F512M reminds us that some ghosts never sleep. They merely wait.
Collectors and connoisseurs have long known that a car is more than metal and machinery. It carries stories, secrets — a spirit. And in the case of Berger's Ferrari, it also carried the burden of mystery, a kind of mechanical melancholy that seemed almost poetic.
For 28 years, the Testarossa was a phantom, a name on a police blotter and a dream among gearheads. Today, it's real again. Red, rumbling, and resting under British skies.
Who stole it? How many hands did it pass through? Who knew what and when? These are questions for another time — or for storytellers around the fire at the next vintage car gathering.
Because this isn't just about a stolen car. It's about a myth reborn, a horse returned to the stable after a gallop through shadow, memory, and myth.
And somewhere, perhaps, the other Ferrari is still out there. Waiting.
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