1957 Ferrari Testa Rossa racecar sold for $16.4 million, the highest amount ever paid for any car at auction -

1957 Ferrari Testa Rossa racecar sold for $16.4 million, the highest amount ever paid for any car at auction - 

A 1957 Ferrari Testa Rossa racecar sold at a California auction Saturday for $16.4 million, the highest amount ever paid for any car at auction.

The price includes a 10% fee for the auction company, Gooding & Co. The name of the buyer was not immediately available. The name of the seller, described in Gooding auction catalog as "a preeminent collector with a passion for Italian automobiles," is also undisclosed.

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

The car has a 300-horsepower 3.0-liter V-12 engine and a four-speed manual transmission, and it had an eight-year racing history in both Europe and the United States.

It won first place in the 2006 Pebble Beach Concours d'Elegance, an event where classic cars are judged based on their appearance. The auction in which the car was sold was held in conjunction with the 2011 Pebble Beach Concours d'Elegance.


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http://money.cnn.com/2011/08/21/autos/ferrari_world_record_price/index.htm