Ferrari 250 Testa Rossa sets new €9m record

Published: 18 May 2009

Credit crunch? Recession? Pah! A new world record was set at the weekend when a 1957 Ferrari 250 Testa Rossa achieved a heady €9,020,000 at the third annual Ferrari Leggenda e Passione sale in Maranello.

It's a Ferrari brand specific auction held by RM Auctions and Sotheby's. The 250 TR went for €1,980,000 over the previous auction world record, which was set when radio DJ Chris Evans snapped up a 250 GT California at the same sale in 2008. The name of the Testa Rossa buyer hasn't been disclosed.

Just 22 of the Scaglietti-bodied 250 TR racers were built from 1957 to 1958, notching up 10 victories at races around the wold. The car sold in Maranello competed in the 1000km Buenos Aires race, among others.

RM's European managing director Max Girado said: '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.'

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By Tim Pollard

Editorial director of CAR's digital publishing arm. Motoring news magnet