It's a terrible looking crash to have in a car that's two generations old and not equipped with all the airbags modern Golfs get. However, both the driver and his passenger are fine.
While racing on the Nurburgring is cheap, crashing isn't. Besides the damage to his car, which hopefully in ensured, there are a number of other expenses.
For example, if the Armco safety truck comes out, that's €150, followed by €10 per square meter of debris that needs to be cleared. Since this GTI is totaled, a recovery truck is needed, which is another €250. The damage to the track barrier is also a cost the "crashee" needs to take care of.
Worth it? Yeah, but only if you live to tell the story to your grandkids.