Prince Albert von Thurn und Taxis isn't just a German aristocrat with a crazy name. He's also active in GT racing, having competed in the German GT Championship in both 2007 and 2008, the FIA GT3 European Championship, and most recently this year's FIA GT World Championship.

But the prince had an unfortunate incident during the first round of qualifying runs at the Slovakiaring. According to this video and news reports, the prince lost control of his Lamborghini Gallardo LP600 around a corner and crashed the rear end into a tire wall. Autosport.com reports this brought out the red flags and delayed the next qualifying round by about 25 minutes.

At least from the video, it looks like nobody was hurt, which is good news. Don't feel too bad for the prince — as one of the world's youngest billionaires, he can probably spring for another Lambo to race in pretty easily.

(Hat tip to McNewbie!)