The 1956 Ferrari 290 MM driven by Juan Manuel Fangio fetched $28.05 million in RM Sotheby's Driven by Disruption sale in New York, setting a new high for the year, the city, and the auction house.
Juan Manuel Fangio
RM Auctions has some very special and expensive Italian sportscars of the 50s and 60s consigned for its auction in Monaco on May 10, but the one that currently carries the highest estimated value at between 4 and 5.5 million euros ($5.5 - $7.5 million) is a 1956 Maserati 450S with some very interesting provenance.
Sometimes, little pieces of automotive history pop up, that are so rare and eccentric, that they're hard to pass up. This is one of those times. The car shown above is a 1970 IKA Torino 380S, which has had a very special owner. It'll be crossing the block at the Silverstone Auctions NEC Classic Motor Show Sale on November 15 and 16 in Birmingham, UK.
Rare gems of automotive history are always popping up at the Bonhams auction at the Goodwood Festival of Speed, but the racecar you see above just made a little more history. This Mercedes W196R was driven by Juan Manuel Fangio to wins in the 1954 German and Swiss Grand Prix races, and when the hammer fell at auction yesterday, the $29.65 million price it fetched made it the most expensive car ever sold at auction. It's also earned the honor of being the most expensive F1 car ever sold and the m