By Andrew Stoy, 9:00 AM on Mon Oct 27 2008, 7,683 views (Edit, to draft, Top, Slurp)

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This Gemballa-modded Porsche is worth about $1 million — or was, before the owner smashed it up during a club event at the Circuit Paul Ricard in France. We hope the owner of this wrecked Porsche Gemballa Mirage GT read our post about track day insurance changes before he hit the asphalt. Fortunately he was unharmed, and the report even states he was joking about the crash after he recovered from the initial shock. Guess you can either laugh or cry.