Ferrari Made for 1956 Road Race Fetches $28.1 Million at Auction

  • The 'Driven by Disruption' sale includes 31 rare cars
  • Aston Martin sold for $14.3 million, auction record for model

The 1956 Ferrari 290 MM.

Photographer: Don Emmert/AFP via Getty Images

A 1956 Ferrari 290 MM, one of four such race cars ever made, fetched $28.05 million at a Sotheby’s auction in New York on Thursday.

Estimated at $28 million to $32 million, the car was part of the “Driven by Disruption” auction at the firm’s RM Sotheby’s unit, featuring 31 vehicles as well as 28 lots of rare car memorabilia.

The car was originally designed for Juan Manuel Fangio, one of the greatest Formula One racing drivers, to compete in the Mille Miglia, a 1,000-mile race through Italy. It has been raced by other famous drivers, including Phil Hill and Wolfgang von Trips.

The auction, which continues, includes nine Ferraris. The car auction record belongs to a Ferrari 250 GTO Berlinetta that sold for $38.1 million in 2014.

Earlier in the sale a psychedelic 1964 Porsche once driven daily by rock legend Janis Joplin fetched $1.76 million, versus the estimated presale range of $400,000 to $600,000.

A green 1962 Aston Martin DB4GT Zagato, one of 19 made, sold for $14.3 million, setting an auction record for the model and any British car. It had been estimated at $15 million to $17 million.

Prices include the buyer’s commission charged by the auction house; the estimates don’t.

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