Ferrari Sells for a Record $12.4 Million A black 1957 Ferrari 250 Testa Rossa sold here Sunday for $12,402,500, setting a new record for the highest sale price at a public auction. … Fears that a worldwide recession might negatively affect the high-flying world of collector car prices — at least as they relate to Ferraris — proved mostly unfounded. Although several vehicles offered for sale failed to meet reserve prices, many did sell — and at strong prices. Wheels - NYTimes.com Previously: 1957 Ferrari 250 TR Sale Expected To Break Records - Blacknotes
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Ferrari Sells for a Record $12.4 Million

A black 1957 Ferrari 250 Testa Rossa sold here Sunday for $12,402,500, setting a new record for the highest sale price at a public auction.

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Fears that a worldwide recession might negatively affect the high-flying world of collector car prices — at least as they relate to Ferraris — proved mostly unfounded. Although several vehicles offered for sale failed to meet reserve prices, many did sell — and at strong prices. Wheels - NYTimes.com

Previously: 1957 Ferrari 250 TR Sale Expected To Break Records - Blacknotes

Source: The New York Times

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