Rumor has it that Saddam’s son, Uday, murdered a bunch of people at a dinner party. So Saddam got mad and he burned down his car collection. Somehow, this F40 was spared. (Take this with a grain of salt. My source is a Reddit comment.)
Ratarosa on Youtube put a bounty to find the car, because he wanted to buy and restore it. Since its been found, Uday’s sister tweeted that anyone trying to acquire her family’s property will face legal action.