Californian buys bankrupt dealer's classic Ferrari collection

An impressive collection of Ferraris has been sold to a private collector by Thomas Hamman, the owner of Hamman Classic Cars.

GREENWICH, CONNECTICUT // An impressive collection of Ferraris has been sold to a private collector by Thomas Hamman, the owner of Hamman Classic Cars, a Connecticut-based rare and exotic car brokerage after Kroymans, the Dutch distributor of Ferraris, filed for bankruptcy. As well as selling new Ferraris, Kroymans also had a collection of classic and vintage Ferraris in stock. The company was founded in 1902 by Frits Kroymans, the great-grandfather of the current company chairman, but filed for bankruptcy early last year.

Hamann was able to secure a deal for the collection involving European banks and Tom Price, a car collector from northern California. A detailed inventory of the sale has not been released and the exact value of the transaction has been kept confidential but it is estimated to be worth several million euros.

Updated: March 13, 2010, 12:00 AM