It is understood the limited edition red 430 Scuderia was travelling with a group of Ferraris when it crashed into a wall on Great Eastern Highway about 2.15pm.
A witness said he was driving behind the car and saw the collision.
“We were stopped at a set of traffic lights, and there were three Ferraris . . . and then they took off,” he said.
|The high-performance car hit a wall in Rivervale.|
“It was all within 60m or 70m from the stoplights.
“I thought ‘that’s going to be an expensive exercise’ and lucky there was no one on the footpath.”
A St John Ambulance spokeswoman said where were no reports of injuries from the crash.
Police attended to assist with traffic management.
It believed the high-end vehicle was cruising with a group of Ferraris at the time.
Ferrari cars can be worth up to $500,000.
Sydney man Mark Alexander was on a bus on the way to Perth Airport when they travelled past the damaged Ferrari.
“I thought it was a very bad day for someone that has a very expensive car,” he said.
“I had a bit of a giggle as well.
“It’s not often you see a Ferrari up on the sidewalk.”
By Shannon Hampton - The West Australian