A red 1981 Ferrari GTSI that has been missing for 29 years has been recovered, according to the National Insurance Crime Bureau (NICB).

The car, reported stolen in 1987 from Newport Beach, California, USA, while on consignment at a dealership, was recovered at the Port of Los Angeles and Long Beach last month.

The original owner was paid about $37,000 (£22,560) for the insurance theft claim in 1987 for the vehicle, according to the Customs and Border Protection.

After it was stolen, the vehicle identification number (VIN) was later switched to the VIN of a 1982 Ferrari that had already been exported to Norway in 2005.  When the vehicle arrived at the port, it was headed from Texas to Poland.

The VIN difference raised a red flag and prompted further checks from the Customs and Border Protection. The agents working with the California Highway Patrol and Ferrari representatives, were able to determine the true identity of the car and to recover the original theft report filed with Newport Beach Police in 1987.

The insurance company that now owns the car, will be offering the original owner to purchase it or to sell at an auction. The current value is estimated between $50,000 (£35,000) and $90,000.


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