A new car auction world record was set today in Maranello, Italy, with
the sale of an iconic, pontoon-fender 1957 Ferrari 250 Testa Rossa (TR)
for $12.2 million (Euro 9,020,000) making it the most expensive car to
be sold in an auction.

The 1957 Ferrari 250 TR, chassis no. 0714TR sold 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 by RM Auctions, in association with Sotheby's.

to its Maranello birthplace for its auction debut, the euro 9,020,000
sale price represents euro 1,980,000 more than the previous auction
world record which was set at the same sale last year.

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

The Scaglietti-designed 'pontoon-fender' 250 TR was produced from 1957 to 1958 during which only 22 examples were constructed.

Ferrari 250 TRs entered 19 international championship races from 1958
through 1961 emerging with 10 victories and earning them legendary
status among discerning collectors,