Rare 1958 Ferrari 250 Testa Rossa at Auction in Monterey

A rare 1958 Ferrari 250 'Pontoon Fender' Testa Rossa will be offered at RM Auctions' 25th anniversary Sports & Classics of Monterey auction in August, raising the possibility of a new world record. One of the most highly-sought-after and iconic of all Ferrari racing cars, the beautiful Scaglietti-designed vehicle was produced from 1957 to 1958 during which only 21 were constructed. "RM's recent record-breaking Monaco sale coupled with the steadily improving economic climate demonstrates the ideal time for the debut of this rare and coveted Ferrari," notes Rob Myers, Chairman and CEO of RM Auctions. "In May 2009, during a period many considered the depths of the global recession, RM set the current world record price for a car sold at auction with another pontoon-fender TR selling for $12.4 million."

The '58 Testa Rossa, the estimate for which is undisclosed, will be joined by no less than 22 other exceptional multimillion-dollar Ferraris in the Monterey sale. Notable entries include: a highly-desirable, covered headlamp 1959 Ferrari LWB California Spyder, s/n 1489 GT, (est. $2.75 million - $3.25 million) delivered new to Italy's Prince Vittorio Emanuele di Savoia; a rare 1959 Ferrari 410 Superamerica, s/n 1323 SA, (est. $1.6 million - $2.2 million) one of only 12 Series III Superamericas built; a fully-restored 1957 Ferrari 250 Pininfarina Spyder Series I, s/n 0979 GT, (est. $1.6 million - $1.9 million); and a stunning, multi-award-winning 1966 Ferrari 500 Superfast, s/n 8565 (est. $800,000 - $1 million).