Credit Crunch. What Credit Crunch?!
We brought you news back in February that high-end Car Auctioneers R.M. Auctions were offering for sale an extremely rare 1957 Ferrari 250 Testa Rossa at the Ferrari Leggenda e Passione sale in Maranello today. Well, the sale went as planned, because the Ferrari 250 TR sold for a world auction record €9,020,000, beating the previous record by €1,980,000. Wow.
The very rare ‘Pontoon Fender’ Ferrari 250 TR was only produced in 1957 and 1958, with just 22 examples being built. This particular car – 0714TR – was extensively raced in its day, and is one of the reasons the Ferrari 250 TRs have become so collectible.
It looks like the whole sale was a big success, and is another feather in the cap for RM boss Max Girado and his team. Of course, Max had something to say:
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.
The eyes of the world were watching today’s 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.
Which is probably something of an understatement!
1957 Ferrari 250 Testa Rossa Video