Well this is not as train wreck as usual.
 
And Greddy Es' old car!!!!!! funny to see his car has come so far.
 
Keep posting pics, that hardtop replica is pretty damn good as far as they go.

This is very cool but I'll make it clear from an engineering perspective only.
 
As a famous guitarist once said "Ferrari are like Da Vinci on wheels, you don't mess with them", I tend to agree that you aren't really getting closer to owning one by doing this.
 
I remember a few years ago in Newcastle I spotted what I thought was a Ferrari 355, came a bit closer and it didn't look quite right to me. Stopped at the next set of traffic lights and thought it was a bit quiet, it then proceed to rev indicating he wanted to race (I was in my soobie at the time). I smirked and proceeded to smoke him off the line.
Sure enough it was a turbo SW20, sounded pretty stock to me too.
 
I'm all for building unique cars and all, just please do not throw a badge on this and call it a Ferrari :)
 
That said though, I'm liking the shape of this replica kit, looks really cool. I assume it's going to be a hardtop?

OMG!!!I can't believe my eyes!I'm glad you have given the old gal a 2nd chance at life!Good on you and thanks for giving her a new hot bod!I heard from a mate that she's gone to Mandurah but never thought i'd see it again after all these yrs.She has served me well and i hope she'll keep going for you for a long time to come!Good stuff!

Oh,regarding the insurance bit,it was insured as a 1990 Turbo MR2,not sure why it said otherwise when you saw it at the Auctions.Other stuff,well let's just say it was put back to stock before it was driven and handed in to Manheim.