Testa Rossa Record By The Luxury Channel

An iconic 1957 Ferrari 250 Testa Rossa sold for €9,020,000 and set a new world record as the most expensive car ever sold at auction….

Ferrari Testa Rossa

RM Auctions, in association with Sotheby’s, made history in Maranello in Italy, at the third annual Ferrari Leggenda e Passione event with the most expensive car ever to be sold at auction, a 1957 Ferrari 250 Testa Rossa. Returning to its Maranello birthplace for its auction, the sale price represents €1,980,000 more than the previous auction record, which was set at the same sale last year.

“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 eyes of the world were watching the sale as cars of this quality are so rarely offered to the market. The quality and the provenance of the Testa Rossa speaks for itself and the price we achieved today is testament to that. We are delighted with the result the car achieved today,” he added.

The beautiful and immediately recognizable Scaglietti-designed pontoon-fender 250 TR was produced from 1957 to 1958, with only 22 built. They entered 19 international championship races from 1958 to 1961, emerging with 10 victories and earning legendary status among collectors, as well as the honour of being one of the most desirable and competitive racing Ferraris ever built.

To find out more about RM Auctions, visit their website: www.rmauctions.com.