In 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.”
No 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.