Last weekend at Lake Como, Italy, some of the worlds rarest vintage vehicles were bought and sold. One car standing out from the rest was the 1953 Ferrari 340/375 MM Pinin Farina Berlinetta Competizione. It sold for just under $13 million, causing a new second place ranking in car auction history. The 1953 Ferrari 340/375 MM Pinin Farina Berlinetta Competizione trails the current record holder by nearly $3 million. The 1957 Ferrari 250 Testa Rossa sold for just over $16 million in 2011 which made it the most expensive car ever sold at any car auction in history.
The Pinin Farina Berlinetta is considered the most expensive closed top Ferrari to ever be sold at auction. When the Pinin Farina Berlinetta rolled across the block the bidding began and didn’t stop for another 20 minutes due to the online bidders ringing the auction house phones off the hooks. The car was originally estimated to be sold at 5 million euro but instead went for 9.2 million euro. The winning bidder was not announced at the auction and is currently staying anonymous. The reason why this Ferrari is so highly sought after is because of its true racing heritage.
The Pinin Farina Berlinetta has won such shows as the Pebble Beach Concours d’ Elegance and the Goodwood revival. This car was one of three Ferrari Factory racers that raced in the 1953 Le Mans 24 hour race. The 4.5 liter V12 that powered the car was developed from the company’s 375 formula one race cars. The Farina Berlinetta was also raced in the 12 hours of Pescara and the Carrera Panamerican as well. Through all of the races that the car competed in, some were raced by World Champion drivers named Alberto Ascari, Dr. Nino Farina, and Mike Hawthorn. After the stallion’s time was up it was placed in a private collection in the United States. Years later the car was purchased and moved to England. As of last weekend the keys were handed over to a new owner for 9.2 million euro.
For more information 1953 Ferrari 340/375 MM Berlinetta ‘Competizione’ by Pinin Farina visit www.rmauctions.com