$16.4 Million Testa Rossa ?



An undated handout image, provided to the media on May 14, 2009, shows a 1957 Ferrari 250 Testa Rossa



A 1957 250 Testa Rossa may fetch a record 12 million euros ($16.4 million), said RM Auctions, which is holding the May 17 event in association with Sotheby’s. The open-topped racer, the last in a 37-car sale, will follow a 330 P4 that came third in the 1967 Le Mans 24-hour race and has the potential to sell for as much as 8 million euros, said dealers.

The record price for any car at auction was set at last May’s equivalent “Ferrari Leggenda e Passione” sale at Maranello — where the company’s factory is based — when the U.K. television and radio host Chris Evans paid 7 million euros (then $10.9 million) with fees for a black 1961 Ferrari 250 GT SWB California Spyder. The Ferrari had formerly been owned by the movie actor James Coburn.

Ferrari produced the 250 Testa Rossa from 1957 to 1958. Only 22 were made. This particular example dates from 1957 and is presented in its “race-correct” black livery with red nose. It was last raced in 1963,

The 250 Testa Rossa was created by Carrozzeria Scaglietti, an Italian automobile design and coachbuilding company located outside Modena. The car’s distinctive “pontoon fenders” were inspired by Formula 1 racers.

Quite the car — but will it appreciate over the next 50 yeras the way it was over thepast 50 ?


Testa Rossa May Fetch $16.4 Million, Beat Ferrari P4 for Record
Scott Reyburn
Bloomberg, May 15 2009

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