Archive for auctions


The Most Expensive Car in the World Sold at Auction

AMG Market/PR News/MARANELLO, Italy – May 17, 2009  (Source RM Auctions): RM Auctions, in association with Sotheby’s, made history at the Ferrari factory in Maranello today 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 (about 12.14 million US) for 0714TR 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.

“The eyes of the world were watching today’s sale as cars of this quality are so rarely offered to the market. The quality and the provenance of the Testa Rossa speaks for itself and the price we achieved today is testament to that. We are delighted with the result the car achieved today,” he added.

The beautiful and immediately recognizable Scaglietti-designed ‘pontoon-fender’ 250 TR was produced from 1957 to 1958 during which only Continue reading » »


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