Used Ferrari dealers could be set to see an increased demand for Ferraris as the hype surrounding the auction of one of the marque’s most legendary vehicles is set to reach fever pitch over the coming months.
The iconic 1957 Ferrari 250 Testa Rossa is expected to set a new world record when it goes up for auction on May 17th this year.
The event, in association with Sotheby’s, will take place in Maranello, Italy, home of the celebrated car manufacturer.
Used Ferrari dealers will hope that the excitement surrounding the sale of the vehicle will also generate plenty of interest in the company’s other vehicles, many of which are available well below the £6 million expected to exchange hands when the Testa Rossa is auctioned off.
"This legendary 250 Testa Rossa is one of the most exciting motor cars ever to be presented in auction history," said Max Girardo, managing director of RM Auctions Europe, which will be in charge of the event.
The current world record for a vintage car sold at auction is held by a 1961 Ferrari 250 GT SWB California Spyder, sold at last year’s Maranello event, which sold for almost £5.6 million.
Written by Roxy Moran