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Ferrari expected to sell for $US10 million


Ferrari’s last major front-engined open-topped race car, a Testa Rossa 330, dating from 1962, heads a major auction in Italy on May 20.

March 24, 2007, 3.40pm. This magnificent 330 TR1/LM which America’s first world champion Phil Hill and Belgian Olivier Gendebien drove to victory at Le Mans in 1962 will be auctioned at the Ferrari factory in Maranello, Italy, in May.

The 330 is the only 4.0-litre Testa Rossa built, and the last Testa Rossa sports racer made by Ferrari.

It’s also the last front-engined car to take the overall victory at Le Mans.

The Testa Rossa’s estimated price at auction is between $US8 million and $US10 million.

It’s one of several Ferrari competition cars being offered by Canadian firm RM Auctions.

The May 20 auction, titled Leggenda e Passione, will return the Ferraris to the factory for the first time in years.

It’s the first European sale by one of North America’s leading classic car auction houses.

The one-day auction will also highlight more than 100 lots of important racing memorabilia from Ferrari’s own archives.

Canadian-based RM auctions has established operations in Europe with offices in New Bond Street, London.



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