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

By on Aug 23, 2011 in Amazing, Automobile, Business, United States, World Comments
Ferrari Testa Rossa

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

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