Testa Rossa Auction Fetched Highest Price For Ferrari Car (Photo)

By Alex Jusi Madlangbayan on Aug 23, 2011 in Amazing, Automobile, Business, United States, World • Comments

Ferrari Testa Rossa
Image Credit: Gooding & Co.

Ferrari 250 Testa Rossa has been recorded as the world’s expensive car in an auction when it fetched $16.4 million in a California auction on Saturday, August 20, 2011, according to reports by several international news sites.

The Testa Rossa is a bright red prototype race car that has a 300-horsepower 3.0-liter V-12 engine and a four-speed manual transmission.

The bidding for Testa Rossa started at $10 million, and bids were raised to $12 million, $13 million and $14 million up to the record breaking winning bid.

Together with the Testa Rossa, hundreds of other cars were sold in the auction held at the annual Gooding & Co.’s Pebble Beach Concours d’Elegance at Monterey Car Week in California.

Testa Rossa competed in the Le Mans 24-hour race and won first place in the 2006 Concours d’Elegance.

A 1957 Testa Rossa from Maranello, Italy previously held the record price in an auction with a $12 million sale in 2009.

A 1925 Rolls-Royce New Phantom, expected to fetch $1 million, together with a 1963 Rolls-Royce Silver Cloud III Drophead Coupe owned by Sammy Davis Jr was not sold during the auction.

Related blog article: World’s Most Expensive Cars Over A Million Dollars