’57 Ferrari 250 Testa Rossa Sells for $39.8 million

57 ferrariIn the past few months, there has been a lot of news swirling around classic cars being sold at record prices. Two weeks ago, this headline popped up again when a 1957 Ferrari 250 Testa Rossa sold for $39.8 million dollars!! It set a United Kingdom price record and its story quickly made its way around the internet. Of course, this price is a big difference compared to the $4,000 they were going for back in 1965, a time in which cars from this era were undervalued.

The $39.8 million Testa Rossa (when translated means red headed) was sold in a private sale, so the exact details have not been disclosed to the public. One thing that is for sure is that the car was sold by English car dealer, Tom Hartley Jr. No one, however, is quite sure who the new owner is. Hartley said, “I can confirm that the car has sold, although due to client confidentiality we will not disclose the buyer…This Ferrari is without question one of the most important cars on the planet if not the most important because of its originality. While I won’t go into the terms of the sales, I am sure it will prove to be a great investment for the new owner.”

57ferrariNo one may know the new owner, but the history behind the sold automobile has been widely documented. The car was the chassis number- 0704- and was the Ferrari that won the 24 Hours of Le Mans race in 1958, 1960, and 1961. It also won races at historic venues like Sebring and Buenos Aires. Since its run as a racing dominant car, the classic Ferrari has been bought and sold by a number of wealthy Englishman. Also, it spent the better part of 30 years in the Henry Ford Museum just outside of Detroit.

Adding to the value of this vehicle is the fact that the vehicle has not been altered in any way. Ferrari historian Marcel Massini says, “It is so valuable because it is totally unmolested and not restored, genuine and very original.” Of course, the car has been kept in pristine condition, looking as alluring as the day it raced the 24 Hours of Le Mans.

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This Weekend’s Rolex 24 Was Full of Buzz and Tragedy

Photo courtesy of Fox Sports

Photo courtesy of Fox Sports

Last weekend, this year’s TUDOR United SportsCar Championship racing season finally amped up to another level with the Rolex 24. The Rolex 24, which was originally known as 24 hours of Daytona, has been going on since 1966 and has been home to some of the wildest racing moments in history. This is because the event itself is conducive to chaos.

Vehicles that participate in the Rolex 24 are required to be out on the track for a legitimate 24 hours!! Of course, the teams switch drivers out every few hours, but the vehicles are pushed to the limits. Rob Kauffman, a driver for the AF Waltrip team, said, “This is a fantastic environment and this week has been a tremendous experience. This is something every driver in NASCAR should experience. I radioed my team during the middle of the night just to tell them how much fun I was having.”

rolex24For racing lovers, endurance based events like the Rolex 24 register as one of the more exciting events on the racing calendar. Watching these races allows viewers and gearheads to witness vehicles getting tested in ways that they usually don’t. In today’s world, it’s all about drag racing and speed. But, this…This is a test of everything. During the weekend, the big winner of the event was the Action Express Racing team, which was backed by Chevy and ECR. The Action Express drivers – Christian Fittipaldi, Joao Barbose, and Sebastian Bourdais- were ecstatic about the victory; “I think it speaks for itself, really, the Chevy power and the ECR guys did an awesome job. They locked up the entire podium. It was a pretty strong showing this weekend.”

Unfortunately though, this year’s race also displayed one of the more vicious crashes in recent memory. Less than 3 hours into the race, drivers Memo Gidley and Matteo Malucelli were transported to the Halifax Health Medical Center after Gidley’s Bob Stalling’s Corvette slammed into Gidley’s Ferrari. For the first time since 2004, the race was immediately red flagged while both drivers were attended to. Memo Gidley’s vehicle, which at the time was in 4th place, was in such bad condition that the driver had to be cut from his car before being hauled away.

Darren Law, one of Gidley’s driving teammates, foggily said, “These things happen in racing, but you never expect it to be your car and your team. I don’t know what’s going. I hope he’s OK. I’m pretty sure we’re out of the deal. I don’t really know what happened. I looked up on the TV and saw we were in a crash. We’re going to the hospital now.”

Fortunately, reports have surfaced today that Malucelli has been released from the hospital, but the same can’t be said for Gidley. Gidley is said to have a broken left leg and arm, as well as an unstable fracture in his spine. In the meantime, we should all keep our prayers with Gidley and wish him a strong, speedy recovery.