Ferrari 250 Testa Rossa sells for $16.4m

An auction record price for this well known car - a previous Pebble Beach winner and the 250 TR prototype. Market for heavy stuff is very strong at the moment - on of our customers who deals in collector Ferrari - Talacrest - have sold 15 classic Ferrari in 5 weeks - http://www.talacrest.com/newsletter/issue9.html

Lets face it - if you have a lot of cash - you gotta be brave to buy stocks - property is flat - and with one of these honey's - at least you get something enjoyable to use/look at whilst it appreciates.

Details on deal below:

A 1957 Ferrari Testa Rossa racecar sold at Goodings auction in Pebble Beach at the weekend for $16.4 million, the highest amount ever paid for any car at auction.

The price includes a 10% fee for the auction company, Goodings & Co.

The car, a 1957 Ferrari 250 Testa Rossa, was the first Testa Rossa built, and served as the prototype for all subsequent Testa Rosa race cars.

The previous record for a car sold at auction was the $12 million sale of another 1957 Testa Rossa in Maranello, Italy in 2009.

Details on the car:

The Original 250 TR Prototype Scuderia Ferrari, NART, Rod Carveth

1957 Ferrari 250 Testa RossaCoachwork by Scaglietti

CHASSIS NO. 0666 TRENGINE NO. 0666 TRInternal No. GES N 6

- The First 250 Testa Rossa Built- An Exceedingly Rare Scuderia Ferrari Team Car- Eight-Year International Racing History at Premier Venues- Driven by the Greatest Names in Motor Sport- Known, Continuous Ownership History from New- Multiple-Award-Winning Restoration by Dennison International- First in Class at the 2006 Pebble Beach Concours d’Elegance- Presented in Stunning 1958 Le Mans NART Livery- Offered with Extensive Documentation, Race Engine and Spares- Documented by Ferrari Historian Marcel Massini- Fully Certified by Ferrari Classiche