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The annual Pebble Beach Concours d’Elegance is known to attract some priceless classics, but this year, this 1957 Ferrari 250 Testa Rossa prototype took the cake. Gooding and Company, a well known auction house, was catapulted into the record books last week, selling the 250 TR for $16.4 million.
This price was the highest ever realized for an automobile. The TR was actually sold for $14.9 million, or $16.4 million including the mandatory buyer’s premium. The Ferrari was involved in several devastating crashes during its storied history, but was present at the auction in stunning condition.
The right-hand drive Ferrari was once driven by Phil Hill on the Nurburgring, and the car has seen action across the world. The car was also owned by numerous private teams before the successful California entrepreneur Bev Spencer registered the vehicle for road use in the early 1960s. Interestingly, an owner in the 1960s set the car ablaze to collect insurance money, but the car survived the fire, and since the early 1970s has led a pampered life on the show circuit.
Considered by many to be the greatest Ferrari of all time, a gathering of 250 GTOs was the must-see attraction at the 2011 Pebble Beach Concours d’Elegance.
With just 36 ever built, between 1962 and 1963, all were invited to attend the prestigious car show, with 22 making the journey, from as far away from Europe and Hong Kong.
Based on the 250 GT SWB, the GTO was designed for racing… and race it did, competing at the world’s most renowned motorsports events and winning at many of them. Some of the 22 models on display were driven by legends like Stirling Moss, Phil Hill and Jackie Stewart.
With such history behind these cars and tremendous enthusiasm for them, some of the cars have sold at auction for as much as $30 million in recent years. So make sure to browse through the gallery below and leave the math to us… you could be looking at $660 million in Ferraris!
GALLERY: Ferrari 250 GTOs