A rare 1955 Ferrari 375 MM Berlinetta by Pinin Farina (above) is expected to fetch up to $5 million at RM Auctions' debut sale during the Concorso d'Eleganza Villa d'Este in Lake Como on May 21. Resplendent in two-tone ivory and metallic blue, the unique Ferrari, s/n 0490 AM, was the last 375 MM built and reportedly the last Ferrari to carry the famed 'Mille Miglia' designation. Displayed on the Ferrari stand at the Turin Motor Show in 1955, its first owner was official Ferrari dealer and gentleman racer Inico Bernabei. 0490 AM was later acquired by Count Antonio Naselli before being exported to the U.S. In 2003, it was the recipient of an extensive, concours-quality restoration returning the car to its Turin Motor Show specifications. It has since been displayed at a number of the world's most prestigious concours events, including the Pebble Beach Concours d'Elegance in 2004 where it was judged 'Best in Class', as well as the Concorso d'Eleganza Villa d'Este in 2005.