1957 Ferrari 250 Testa Ross brings in $12.1 million at auction

While the 1965 Shelby Daytona Cobra Coupe CX2601 didn’t break any records this past weekend, another car did. The 1957 Ferrari 250 Testa Rossa brought in an eye-popping $12.1 million yesterday at an event at Ferrari’s factory in Maranello, Italy. This is the new world record for cars sold at an auction.

“The historical significance of this car attracted a bidding war as collectors from around the world – both in the room and on the telephone – competed to secure one of the most alluring and iconic of all Ferrari racing cars,” said Max Girardo, Managing Director of RM Europe.

The 1957 Testa Rossa was just one of 22 produced form 1957 to 1958. An American collector, who raced in SCCA events, purchased the car.

The car that was auctioned off carried chassis no. 0714TR and came in fourth at the Buenos Aires 1,000-kilometer race in 1958.

The previous record for the most expensive car sold at an auction was held by a 1961 Ferrari 250 GT SWB California Spider which sold for $10.9 million last year.

– By: Omar Rana