Classic Ferrari Racer Auctioned for $12.7 Million

Ferrari 340/375 MM Berlinetta Competizione 1 photo
Photo: Ferrari
Classic Ferraris are like wine. They become increasingly popular and more expensive with time. And that’s why we’re not at all surprised that a 1953 Maranello-developed race car sold for a cool $12.7 million (€9.85 million) at a recent RM Auctions event in Italy.
The Ferrari in question is a rare 340/375 MM Berlinetta Competizione that was designed by Pininfarina and was entered in several races back in its hay day, including the 24 Hours of Le Mans, Spa-Francorchamps and Pescara 12 Hours and the Carrera Panamericana. During its racing career, the 340/375 MM was driven by the likes of Mike Hawthorn, Umberto Maglioli and Mario Ricci.

Powered by a 4.5-liter V12 engine and build on a late 340 MM chassis, this gorgeous Ferrari was shipped to the United States in 1954 and was restored in 1974 and 1993. The car was auctioned with the same No.14 livery it was raced in at the 1953 24 Hours of Le Mans.

This 340/375 MM version has become the second most expensive Ferrari ever auctioned, after the 1957 Ferrari 250 Testa Rossa that fetched $16.4 million (€12.6 million) at a Gooding & Company sale back in 2011.
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About the author: Ciprian Florea
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Ask Ciprian about cars and he'll reveal an obsession with classics and an annoyance with modern design cues. Read his articles and you'll understand why his ideal SUV is the 1969 Chevrolet K5 Blazer.
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