Ferrari Testa Rossa sells for more than $16 million

This article was originally on a blog post platform and may be missing photos, graphics or links. See About archive blog posts.

Auction house Gooding & Co. sold a 1957 Ferrari 250 Testa Rossa Prototype for $16.4 million at the Pebble Beach Concours d’Elegance last week. Gooding says that was a world record price for a car sold at an auction.

The auction house declined to release the name of the buyer of the sports car.

The next most expensive car sold at the Saturday auction was a 1959 Ferrari 250 GT for more than $3 million. But just a day later, Gooding sold a Duesenberg Whittell Coupe for more than $10 million.

Some of the other sellers at the Concours included a Shelby Cobra that sold for $2.6 million and a Fiat that sold for $1.1 million.


Click here to see some of the cars and their auction prices.


Can auto industry prevent recession?

Toyota pins hopes on lower priced Camry

Was 1932 Ford V8 the best car ever?

-- Jerry Hirsch

Photo Ferrari 250 Testa Rossa at Pebble Beach Concours d’Elegance auction. Credit: Gooding & Co.