12-cylinder 1953 Ferrari racer goes for nearly $13 million at exclusive auction in Italy

If you’re looking to make an investment into collectible cars, it appears that Ferraris are still well worth consideration.

A 1953 Ferrari 340/375 MM Pinin Farina Berlinetta “Competizione” fetched nearly $12.8 million at the exclusive RM Auctions recently held on the grounds of the historic Villa Erba near Lake Como, Italy.  

It’s the second most expensive car ever sold at an auction with the first being a 1957 Ferrari 250 Testa Rossa that sold for over $16 million in 2011 and the most expensive closed top car to go to the highest bidder, according to a report by Left Lane news.  

… The only known Ferrari to have been driven by three world racing champions.

Left Lane reports that all the calls received during the 20 minute telephone bidding for the ‘53 340/375 MM pushed the car well above the initial 5 million euro estimate to 9.2 euros, including the auction’s fees and commissions.

Ferrari was by far the marquee in most demand by bidders at the Concorso d’Eleganza Villa d’Este.

In addition to the 340/375 MM, other notable Ferrari sales at the event included the 1962 Ferrari 400 Superamerica SWB Coupé Aerodinamico, which fetched €2,184,000 ($2,839,000); the 2004 Ferrari Enzo, which sold for €1,069,600 ($1,390,480); the 1965 Ferrari 275 GTB, for €1,120,000 ($1,456,000); and the 2010 Ferrari 599XX, which brought €918,400 ($1,193,120), according to RM’s official press release.

In total, 15 Ferraris were auctioned off at Villa Erba.

Featuring a 4.5-liter V12 engine born out of the Italian carmaker’s 375 Formula One Racing cars, the 340/375 MM is one of three Ferrari factory racers entered in the 1953 Le Mans 24 Hour race, according to Left Lane. It’s also the only known Ferrari to have been driven by three world racing champions.

No word yet on the name of the actual winning bidder of the 340/375 MM, but I imagine that they probably have a few more Ferraris in their collection.

(Photos courtesy of Left Lane News Copyright © 2005 – 2012 MNM Media, LLC. All rights reserved)


How beneficial is ECG in the new Apple Watch? We asked an expert

The Apple Watch Series 4 is packed with features that make it the best smartwatch on the market, but just how valuable is the new ECG and heart-tracking functionality? We spoke to some experts to find out.
Product Review

There’s a new baby Benz on the block: A-Class proves sedans aren’t dead yet

While it seems like the traditional sedan is dead, Mercedes-Benz believes otherwise. And the 2019 A-Class sedan arrives to try and capture younger buyers and sway them from competitors. We explore Seattle in one to see if it’s any good.
Movies & TV

How much!? Harrison Ford’s Indiana Jones hat fetches $520,000 at auction

Described by the auctioneer as "a globally recognized cinematic treasure," the fedora worn by Harrison Ford in Raiders of the Lost Ark has just gone under the hammer for more than half a million bucks.

Ferrari’s latest special editions are stripped down, old-school sports cars

The Ferrari Monza SP1 and SP2 are inspired by some of the Italian automaker's most legendary sports cars. They mix old school rawness with modern carbon fiber construction and 789-horsepower V12 power.

Amazon Alexa can now hitch a ride in any car with Echo Auto

At its massive hardware event, Amazon unveiled Echo Auto, a dashboard-mounted device that adds Alexa to any car. It's one of myriad ways Amazon is trying to integrate Alexa with cars.

Aced it! Tesla’s Model 3 earns a five-star crash-test rating

The results are in and they're great: the rear-wheel drive Tesla Model 3 has aced the National Highway Traffic Safety Administration's different crash tests and earned a five-star safety rating.

At Bonneville, a 210-mph Volkswagen Jetta is nothing unusual

The Bonneville Salt Flats are the ultimate temple of speed. Follow along as Volkswagen attempts to set a record with a modified economy car, and see what makes Bonneville so special.

Audi’s subscription service lets you roll in style without commitment

Audi expanded its mobility options by launching a car subscription service in the Dallas-Fort Worth area. For $1,395, buyers can choose from five models (including the Q7, the Q5, and the A4) and swap cars twice a month.

Stop the madness! Here's how to fix those squeaky brakes

Few noises are worse than the sound of squeaky brakes. Luckily, there are plenty of ways to go about fixing the issue without giving up your weekend or investing a small fortune. Here's what you need to know.

Get your camera out: Mercedes-AMG Project One supercar tests on public roads

The Mercedes-AMG Project One is a hybrid supercar incorporating genuine Formula One racing DNA. The $2.7 million Project One is entering its final stage of development, including public-road testing.
Emerging Tech

Awesome Tech You Can’t Buy Yet: Click-to-brew beer, comfy headlamps, and more

Check out our roundup of the best new crowdfunding projects and product announcements that hit the Web this week. You can't buy this stuff yet, but it sure is fun to gawk!
Product Review

Lamborghini’s V12 flagship brings the shock and awe for SVJ duty

High-tech active aerodynamics, trick steering, and good old-fashioned horsepower help to make this Aventador the most track-capable production Lamborghini ever.

Porsche brings diesel car production to a screeching halt

Porsche has announced that it will no longer be making diesel cars. The German automaker said that, as a sports car brand, diesel fuels simply weren't as important a part of their business as other options.

Will Toyota finally cave to buyer demand and offer Android Auto?

For years, Toyota refused to offer Android Auto for privacy and security reasons. That could change soon; a recent report claims Toyota will begin offering Android Auto compatibility in at least some of its models.