Fangio's Ferrari 290MM sells for almost $40m at RM Sotheby’s

By: Andy Enright

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1956 Ferrari 290MM Scaglietti raced by the legendary Juan-Manuel Fangio sold for almost $40m 1956 Ferrari 290MM Scaglietti raced by the legendary Juan-Manuel Fangio sold for almost $40m 1956 Ferrari 290MM Scaglietti raced by the legendary Juan-Manuel Fangio sold for almost $40m
1972 Lamborghini Miura SV sold for $3.3m 1972 Lamborghini Miura SV sold for $3.3m 1972 Lamborghini Miura SV sold for $3.3m
Floyd ‘Money” Mayweather’s 2003 Ferrari Enzo went for $4.53m Floyd ‘Money” Mayweather’s 2003 Ferrari Enzo went for $4.53m Floyd ‘Money” Mayweather’s 2003 Ferrari Enzo went for $4.53m
1962 Aston DB4GT Zagato sold for $19.7m 1962 Aston DB4GT Zagato sold for $19.7m 1962 Aston DB4GT Zagato sold for $19.7m
1959 BMW 507, unsold 1959 BMW 507, unsold 1959 BMW 507, unsold

A 1956 Ferrari 290MM Scaglietti, one of only four built and raced by the legendary Juan-Manuel Fangio, has sold for almost $40m at the RMA-Sotheby's 'Driven by Disruption' auction in New York on 10 December

 

RMA-Sotheby’s ‘Driven by Disruption’ auction results

HAMMERTIME!

If celebrity-owned vehicles are your thing, the RMA-Sotheby’s ‘Driven by Disruption’ auction in New York on the 10th was the place to be. Janis Joplin’s Porsche 356C sold for $A2.42m against a pre-auction estimate of $570,000.

Prefer something a bit punchier? Try Floyd ‘Money" Mayweather’s Ferrari Enzo, which went for $4.53m. Showing just 560 miles on the odometer, chassis  number 135440 was the 295th of 400 Enzos built and originally sold new to a customer in Dubai.

The most expensive car sold at the auction was the Ferrari 290MM Scaglietti, one of only four ever built and previously raced by Argentinian legend Juan-Manuel Fangio. The hammer fell here at almost $40 million. Chassis 0626 with its 3.5-litre V12 was built for Fangio to campaign in the ’56 Mille Miglia and auctioneers RM Sotheby hailed its "stunning originality."

Other notable sales included a record $19.7m for a British car, claimed by an Aston DB4 Zagato, $3.33m for probably the finest Lamborghini Miura SV in existence and $1.26m for a 1973 Porsche 911 Carrera RS Touring.

Genuine bargains looked few and far between, but a case could be made for the beautiful black Ferrari Testarossa showing just 296km – probably the lowest mileage example in existence – that went for $438,700 or the stunning De Tomaso Mangusta that fetched $376,500.

The fact that a number of excellent cars failed to meet reserve might well indicate that the peak of the market has passed. A BMW M1, a BMW 507, a Ferrari 500 Mondial, a Mercedes 300 SL Gullwing, a Bugatti Type 57C Atalante and a Ford RS200 all failed to draw big bids.

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