Legendary 1957 Ferrari Testa Rossa Smashes Auction World Record At Maranello Sale
RM Auctions, in association with Sotheby's made history in Maranello as a 1957 Ferrari 250 TR, chassis no. 0714TR sold for €9,020,000 at the third annual Ferrari Leggenda e Passione event to set a new world record for the most expensive motor car ever to be sold at auction.
Returning to its Maranello birthplace for its auction debut, the €9,020,000 sale price represents €1,980,000 more than the previous auction world 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 is testament to that. We are delighted with the result the car achieved today," he added.
0714TR was extensively campaigned in its day with significant finishes at the world's most important racing events including the 1000 km Buenos Aires in January 1958.
The Ferrari Leggenda e Passione is the only auction of its kind dedicated to the Ferrari marque, held at the Maranello factory grounds and endorsed by the Ferrari factory.