Legendary 1957 Ferrari Testa Rossa smashes auction world record at Maranello sale

1957 Ferrari Testa RossaAn iconic, pontoon-fender 1957 Ferrari 250 Testa Rossa (TR) sells for €9,020,000 to set a new auction world record as the most expensive motor car ever to be sold at auction.

RM Auctions, in association with Sotheby’s recently 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.

1957 Ferrari Testa RossaThe beautiful and immediately recognizable Scagliettidesigned ‘pontoon-fender’ 250 TR was produced from 1957 to 1958 during which only 22 examples were constructed. The Ferrari 250 TRs entered 19 international championship races from 1958 through 1961 emerging with 10 victories and earning them legendary status among discerning collectors, as well as the honor of being one of the most desirable and competitive racing Ferraris ever built.

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.

Enzo Ferrari’s telling insight on his views of motor racing.

“The result of a race is 50 percent due to the car. When the car has been made, you are only half way there. You now have to find a driver and it costs more to train a good racing driver than it does to make a car. When I decide to take part in a race, I don’t think about my competitors. I try to do my best, without telling myself ‘I must beat Mercedes or Maserati’. For me the importance of a race is the technical result, that is, whether – given the same course and the same atmospheric conditions – established records have been broken. If so, progress has been made.”

Photo Credit: Darin Schnabel