Ferrari 250 fetches more than $16 million in record sale

James Raia

A 1957 Ferrari 250 Testa Rossa sold for $14.9 million establishing the record for the most ever paid for a car at a public sale Saturday night at the Gooding & Co., auction in Monterey, California.

With commissions and premiums, the total purchase price surpassed $16 million, far exceeding the $12.2 million (total) paid for another 1957 Testa Rossa in 2009 at a public auction in Italy.

According to Gooding’s description of the Testa Rossa (chassis No. 0666 TR) it is not only the first 250 Testa Rossa built, but was also campaigned by Scuderia Ferrari when new.

It was restored by Dennison International and took first in its class at the 2006 Pebble Beach Concours d’Elegance.

A 1936 Bugatti Type 57SC Atlantic, sold in a private transaction (also brokered by Gooding) to the Mullin Automotive Museum for between $30 million and $40 million last year and assume the title of world most expensive car.


Article Last Updated: December 1, 2013.

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