Basically the writer asked a owner of a porches worth $2 million to do a test drive. They agreed. The writer hired a racer to race the car and shit happened and the engine blew.
Owner sues the writer and wins $174,000
Here's my take on it, to own this car you must be very wealthy, you loaned your car out for personal satisfaction and it was destroyed by accident you pay the bill.
Also I'm going to assume the owner isn't a moron (he's rich) so why didn't he pull out insurance on the car? Maybe he is self insured (you can do this if your rich).
If I'd be the owner of a old race car that was worth millions and I was going loan the car I'd make sure to make the people who want to borrow my car pay an insurance. That way if anything goes wrong insurance pays.