$10m TestaRossa headlines upcoming auction of rare Ferraris

Click above to view the high-resolution image gallery

For those who like their meat rare and red, news has come of the most scrumptious slab of automotive prime rib. At its upcoming event in Maranello, RM Auctions will be putting up on the block one of the rarest and most valuable Ferraris in existence: the one-of-a-kind 1962 Ferrari 330 TRI/LM Testa Rossa.

The car that Phill Hill and Olivier Gendebien drove to victory at Le Mans in '62 has an estimated value between $8-10 million. Not only was it the last Testa Rossa ever built, but it was the only one to feature a 4-liter engine. As if the pedigree were not enough, Hill and Gendebien chalked up their third Le Mans win with this car .

Canada-based RM Auctions is collaborating with Sothebys and Ferrari to hold the "Leggenda e Passione" auction at the Ferrari headquarters in Maranello outside Modena, Italy, on May 20. In addition to the rare Testa Rossa, RM will also be auctioning off a number of other historic Ferraris, including a 1970 512 S, 1953 340 MM, 1966 Dino 206 SP, 1987 F40 Prototipo and an F310B monoposto that Schumacher drove in the 1997 F1 season, in addition to a wide variety of racing memorabilia from the Ferrari factory vaults. For collectors and observers alike, the sale of these historic items should itself be an historic event.

Check out the images of the rare Ferraris in the high-resolution gallery below, and all the juicy details in the press release after the jump.

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[Source: RM Auctions]




North Americas leading vintage motor car specialists RM Auctions and internationally renowned auction house Sothebys team up for historic sale of what could end up being one of the worlds most valuable motor cars to be sold at auction, the original 1962 LeMans winning Ferrari 330 TRI/LM Testa Rossa, driven by Phil Hill and Olivier Gendebien.

1962 Ferrari 330 TRI/LM Testa Rossa

1970 Ferrari 512 S

1953 Ferrari 340 MM

1966 Ferrari Dino 206 SP

1987 Ferrari F40 Prototipo

1997 ex-Michael Schumacher F310 B Formula I

Plus more than 100 lots of racing and sports car memorabilia

Maranello, Italy (March 28, 2007) RM Auctionsin association with Sotheby's will return an unprecedented collection of factory-certified Ferrari sports and racing cars to their native birthplace in Maranello, Italy for RM Auctions Leggenda e Passione auction event on Sunday, May 20, 2007. This first European sale of North Americas leading classic car auction house and restoration company will feature significant automobiles from Ferraris sixty-year history of producing the worlds finest sports and racing cars. The one-day auction will also highlight more than 100 lots of important racing memorabilia from Ferraris own archives.

Canadian-based RM auctions has recently established operations in Europe with offices in New Bond Street, London, UK. This high profile location is a result of the exclusive relationship with international auction house Sothebys. This expansion supports the development of RMs global initiatives and the extension of sales, acquisitions and restoration services to clients across the Americas and Europe.

One of the highlights of the May 20 auction is undoubtedly going to be the 1962 Ferrari 330 TRI/LM Testa Rossa. The only 4-liter Testa Rossa built, it also is the last Testa Rossa built by Ferrari. Driven to victory by the incomparable endurance racing pairing of Phil Hill and Olivier Gendebien, it is the last front-engined car ever to capture the overall victory at Le Mans, the Hill/Gendebien teams epic third Le Mans win. Its provenance is impeccably documented. It is incomparable and absolutely unique. (Est. $8,000,000 - $10,000,000 U.S.)

The 1970 Ferrari 512 S (Chassis 1006) offered at this sale was raced by Luigi Chinettis N.A.R.T. (North American Racing Team) twice at Sebring, in Buenos Aires, Le Mans, as well as in two CanAm races. In 1971 at the grueling 24-Hours of Daytona, the car placed an admirable second. Race marque experts have called this 512 S one of the most original and unmolested examples in existence. (Est. $2,500,000 - $3,000,000 U.S.)

1953 Ferrari 340MM (Chassis 0268) the most powerful Ferrari of its time, with a 4.1 liter, 300 bhp V-12 beneath its signature coachwork. Of the ten built, only two were configured as Touring Spyders and this one is the only survivor with original bodywork. Originally a factory team entrant in the 1953 Mille Miglia and winner at Montlhé²¹, chassis 0268 was later restored in the 1980s by Charles C. Jones, after which itspent several years in Briggs Cunninghams museum in California. It was a participant in the 1996 Mille Miglia and invited to Pebble Beach in 2005. (Est. $2,700,000 - $3,200,000 U.S.)

1966 Ferrari Dino 206 SP (Chassis 008) - retains its original 2 liter V-6 engine, gearbox and bodywork and has been restored mechanically and cosmetically to the highest degree. Its well-documented history includes ownership and entries by both SEFAC Ferrari and N.A.R.T., as well as an impressive roster of drivers from the greatest age of sports car and sports prototype racing: Bondurant, Vaccarella, Ginther, Rodriguez, Kolb, Follmer, Schlesser, Gregory and Peter Gregg.

(Est. $2,200,000 - $2,700,000 U.S.)

1997 Ferrari F310B Formula One - Chassis 175, the ex-Michael Schumacher, Monaco and Spa winning example is one of the most important of all the Scuderia Ferrari Formula 1 race cars. Fabulously presented and recently track tested, this historic example has been part of two important U.S. collections since its retirement and is offered for sale for the first time in many years.

(Est. $1,000,000 - $1,400,000 U.S.)

The unprecedented sale lineup will also include a rare 1966 Ferrari 275 GTB/4 (Chassis 9803). With only two owners from new, it remains one of the most original 275 GTB/4s ever offered at auction. With its 300 hp, four-cam DOHC engine with six carburetors, the GTB/4 can hit 165 mph. A desirable example of the definitive, 12-cylinder, front engine, road-going Ferrari built by Scaglietti.

Max Girardo, managing director of RM Auctions new London-based European division remarks, This auction represents a milestone in RMs continued success in the international world of vintage automobiles. We are honored to share this important and historic event during the 60th anniversary of the legendary Ferrari marque. Entries are still available for this event, and collectors are invited to contact RM Auctions Inc. for a confidential market appraisal and consignment information.

Special media-only preview times have been scheduled prior to the auction. A light lunch will be served along with local wines. Pre-registration for media credentials and further event details can be found at www.rmauctions.com. For the public, admission to the event requires the purchase of an official auction catalog available for 65 / US $ 80 (plus shipping). The catalog admits two persons and must be presented at the entrance of Ferraris Fiorano racetrack in order to be granted entry. The weekend event schedule is as follows:

Wednesday, May 16, 2007 Mille Miglia Entrants Luncheon 13.00 h 16.00 h

Thursday, May 17, 2007 National Press Luncheon 12.00 h 15.00 h (by invitation)

Friday, May 18, 2007 Public Viewing 10.00 h 14.00 h

Saturday, May 19, 2007 Public Viewing 10.00 h 18.00 h

International Press Reception 16.00 h 17.00 h (by invitation)

Sunday, May 20, 2007 Public Viewing 10.00 h 13.00 h

Sunday, May 20, 2007 Auction Event 13.00 h 06.00 h


Ferrari S.p.A.

Via Abetone . Inf 4 .

Maranello, Italy . 1-41053


About RM Auctions, Inc.

Celebrating nearly 30 years in the collector car industry, RM Auctions Inc. and its sister companies are responsible for acquiring, restoring and selling the worlds rarest and most valuable vintage automobiles. In 2006, RM Restorations achieved unprecedentedaccolades, when its restorations earned Best of Show honors at the worlds top three collector car events in a single year. RMs recent record breaking sales included a 1958 Ferrari 412 S at $5.6 million, and a 1964 Cobra Daytona Coupe that sold for $4.4 million and a 1938 Talbot-Lago T150 Teardrop Coupe for $3.7 million. www.rmauctions.com

About Sotheby's Holdings, Inc.

Sotheby's Holdings, Inc. is the parent company of Sotheby's worldwide auction, private sales and art-related financing activities. The Company operates in 34 countries, with principal salerooms located in New York and London. The Company also regularly conducts auctions in 14 other salerooms around the world, including Australia, Hong Kong, France, Italy, the Netherlands, Switzerland and Singapore. Sotheby's Holdings, Inc. is listed on the New York Stock Exchange under the symbol BID.

About Ferrari S.p.A.

Exclusivity, technological excellence, precision engineering and outstanding performance are the hallmarks of Ferrari S.p.A. a unique sports car manufacturer. Based in Maranello, Italy, Ferrari delivers to its clients about 5,400 individually crafted cars annually, each a work of art. Since the car first appeared in 1947, the famous Prancing Horse on a yellow shield has represented the motoring and racing ideal among Ferrari fans around the world.

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