Most Expensive Ferrari Sold

Anthony Fontanelle
May 24, 2007

The popularity of the Ferrari is known the world over. The Italian carmaker is known not only for building good looking cars with high performance but also for the price that these vehicles fetch. In fact the company’s cheapest model has a base price of $150,000. When it comes to expensive cars, Ferrari just set a record for the most expensive Ferrari ever sold.

The sale came at an auction held in the marque’s Italian assembly facility. Hosting the auction are the Canada-based RM Auctions Inc. and the trusted Sotheby’s. The auction saw 33 classic Ferraris being auctioned off. The most expensive of the lot is the 1962 TRI/LM Testa Rossa Spyder. The said classic race car fetched a price of 6,875,000 euros or about $9.275 million. While the car became the most expensive Ferrari ever sold, it is not the most expensive car sold in an auction. That distinction belongs to a 1931 Bugatti Type 41 Royal Sports Coupe which was sold for $11 million.

The Testa Rossa Spyder is said to be the world’s most famous race car since it was used by Ferrari in the 24-hour Le Mans. The dominance of the car of the said prestigious racing event spanned from the late 1950s to the early 60s. The car sold at the auction for the record price is the last of its kind which is one reason why the price reached more than $9 million. The particular model is the last Ferrari race car to have its engine in the front and it was driven by Phil Hil and Oliver Glendebien at the Le Mans in 1962. Aside from that particular car, the auction also sold classic Ferrari cars which earned the Italian car manufacturer more than $46 million.

Other Ferrari cars sold during the auction, which would put to shame any production vehicle even if equipped with Kleen Wheels accessories, includes a 1953 Ferrari 340/375 MM Berlinetta Competizione which fetched a price of 4,235,000 euros. The said classic Ferrari is the second most expensive Ferrari sold during the auction. Another classic car sold at the public sale is a 1970 Ferrari 512 S which was sold for 2,640,000 euros. A 1953 Ferrari 340 MM Competition Spyder was sold at the auction for the price of 2,310,000 euros. Another Ferrari classic which was sold at the auction is a 1966 Ferrari Dino 206 SP which was sold for a whopping 2,420,000 euros. Another expensive Ferrari car sold is the 2003 Ferrari F2003-GA Formula 1 Grand Prix Car which was driven by Michael Schumacher during his stint with Scuderia Ferrari. The car was sold for 1,540,000 euros or almost $2 million.

Of the 33 cars that were auctioned, only one car was not sold and it was a 1987 Ferrari F40 Prototipo.

Aside from the mentioned cars, Ferrari also auctioned off different car-related merchandise like a 2005 Ferrari steering wheel which was sold for $85,000. Compare that to a brand new Chevy Aveo which has a starting price of $9,455 and you will see how expensive Ferraris are. The Italian car manufacturer also auctioned off a 2004 V10 engine which was sold at $62,000. A matching 2004 engine cover was also sold at the auction which fetched a price of $12,500. An autographed Schumacher helmet was sold for $30,000 while a racing suit worn by the German Formula One driver fetched a price of $28,000. Current Ferrari Formula One driver Kimi Raikkonen’s racing suit was also auctioned off and was sold for $8,500. And perhaps the oddest things auctioned off were a set of Felipe Massa’s under-clothes which was sold for $775.

Source:  Amazines.com