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Saturday, December 19, 2015

1956 Ferrari fetches $28 million

The 1956 Ferrari 290 MM, chassis 0626, was built for Formula One racing legend Juan Manuel Fangio
(AFP)

RM
Sotheby's offered the vintage cars in its "Driven by Disruption" sale

new york - A 1956 Ferrari sold for $28 million at an auction that also featured top bidding for Janis Joplin's psychedelic Porsche, a 1963 Pontiac owned by Roy Rogers decorated with silver dollars and guns and a kid-sized Ferrari.

RM Sotheby's offered the vintage cars in its "Driven by Disruption" sale on Thursday night.

The 1956 Ferrari 290 MM, chassis 0626 was built for Formula One racing legend Juan Manuel Fangio. The car was specially designed for the five-time F1 world champion and was one of only four 290 MMs to be built. It has never crashed despite a racing career that lasted until 1964.

The $28 million to $32 million pre-sale estimate made it one of the most valuable cars to come to auction. A Ferrari 250 GTO Berlinetta that sold for $38.1 million at Bonhams in 2014 holds the record for any car at auction. The red car with a blue nose competed in many other classic races.


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