Ferrari F50s now sell for as much as £1.5million. Library imageCredit:Tom Wood/Alamy Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. A 13-year-old boy has died after the £1.2million Ferrari he was travelling in ploughed through a wooden fence.A 37-year-old man was also seriously injured when the Ferrari F50 lost control on a quiet road in Hook, Hamphire, around 8.35pm on Monday. Police confirmed on Tuesday night it was the older passenger who was driving. The pair are not related. The classic vehicle, one of only 349 ever made, has a top speed of more than 200mph. Hampshire Constabulary did not confirm whether they were wearing seatbelts. The teenager, from the Winchester area, suffered fatal injuries and was pronounced dead at the scene. The older passenger, from Surrey, is being treated at the North Hampshire Hospital where his condition is described as stable.Locals living in nearby North Warnborough said they heard sirens, saw flashing lights and watched as a helicopter circled overhead.One said: “I could see the lights from the window at the top of the stairs and there was a helicopter circling for a while. It landed on the field just next to that road.”A man working on the nearby industrial estate said he had seen the classic red Ferrari parked earlier in the day.He said: “It stands out, doesn’t it, it’s not a car you see every day. It was parked up here.“I saw the fence broken in when I got in his morning because I get in quite early but at that time I had no idea. I didn’t look that bad but I heard that a little boy died which is terrible.” Floral tributes at the scene of the Ferrari crashCredit:Solent Regulars in the nearby Derby Inn said that the pub was busy at the time of the crash, with witnesses saying they saw sirens and emergency vehicles.The access road where the crash took place leads to Toy Stor-Age, a bespoke luxury car storage facility.Toy Stor-Age is owned by Matt Cobden, 37. Nobody was present at the site on Tuesday to comment.A Hampshire police spokesman confirmed details of the crash: “There were two people inside the vehicle, which was a red Ferrari F50, a 37-year-old man from Surrey and a 13-year-old boy from the Winchester area,” they said. “Sadly, the teenager suffered life-threatening injuries and was pronounced dead at the scene.“The 37-year-old suffered serious injuries and is being treated at the North Hampshire Hospital where his condition is described as stable.”Officers are continuing to investigate the exact circumstances of this collision are appealing for any witnesses who may have been in the area to come forward.A South Central Ambulance Service spokeswoman confirmed they attended the scene.“We treated two patients – a young teenager, who was unfortunately pronounced dead at the scene, and a man in his thirties who was assessed and taken to North Hampshire hospital in Basingstoke by road,” she said.