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Friday, June 19, 2009

The $12 Million Exotic Ferrari 250TR



The Ferrari Leggenda e Passione is an exclusive luxury car event that is held annually in Maranello, Italy. This year the event was held on May 17th during the Mille Miglia and many fine cars will pass hands. Though, it is one car, specifically, that is making big news. Sotheby's auction house is to present a 1957 Ferrari 250 Testa Rossa race car.

The very rare 1957 Ferrari 250 Testa Rossa was just sold at this auction for about $12.2 million. This means a new world record for the most expensive motor car sold at auction has been set. Only 22 Scaiglietti-designed, “pontoon-fender” 250 Testa Rossa were made, between 1957 and 1958. Making the 250 TR one of the rarest Ferrari racing cars in the world. In 19 international championship races between 1958 and 1961, the Ferrari 250 TR won 10 of them. The auctioning off of this legendary Ferrari 250 TR is said to be one of the most exciting motor cars ever put up. And this specific Ferrari 250 Testa Rossa break the record for the most expensive vintage motor car ever auctioned off which was previously held by a 1961 Ferrari 250 GT SWB California Spyder which was auctioned off at last year's Ferrari leggenda e Passione for $10,894,400.

"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 Auctions Europe. “The quality and the provenance of the Testa Rossa speaks for itself and the price we achieved today is testament to that.”

This Ferrari Scaglietti-designed "pontoon-fender" 250 Testa Rossa was one of only 22 ever made. Yet, the 250 TR is one of the most identifiable racing cars in Ferrari history and is coveted by Ferrari collectors. Famous car collector Ralph Lauren actually owns two. Maybe Ralph Lauren can set the new world record with one of his Ferrari 250 TRs, not that he cares.

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