A £300k Ferrari crashed into a bollard on one of Britain's most affluent streets.<br /><br />The car was said to be going above the 20mph speed limit on Park Lane, Mayfair when it spun off the road and hit a bollard on January 1, 2024.<br /><br />It ended up backwards and hit a lamp post at around 7pm before police arrived later.<br /><br />The driver was not the owner of the Qatari registered Ferrari 296, worth £300k, and had its licence plates removed and placed inside the car.<br /><br />The front and rear of the car were severely damaged - estimated to be a £100k worth of damage.<br /><br />The Met Police have confirmed it collided with the bollard and say there haven't been any serious injuries.