A Ferrari has once again set a new record for the highest sale price at an auction. The 1957 250 Testa Rossa sold for 9,020,000 Euro (or roughly $12 million), topping the previous record holder, a 1961 Ferrari 250 GT that reached $9.6 million last year.
The 250 Testa Rossa hit the block in Ferrari's home town of Maranello during a special Ferrari-themed RM auction titled Leggenda e Passione.
"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 RM Europe's managing director Max Girardo.
Debuting at the Buenos Aires 1000 Km race in 1958, the 250 Testa Rossa is one of just 22 similar models. It placed fourth in that race and was later sold to an American who raced it extensively in the SCCA championship.
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Ferrari 250 Testa Rossa Sets Auction Record at $12M on AutoGuide.com
Ferrari 250 Testa Rossa Sets Auction Record at $12M
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